Big Business and Trump’s populists are waking up to the fact they dislike each other
The stock market is on the brink of an all-time high, so Corporate USA is worth more than ever
After-tax profits account for an unprecedented 10.7% of gross domestic product, when in the last 50 years of the 20th century, they never exceeded 8%.
The only time approaching their current share of the economy was in 1929 on the eve of the Great Crash.
If the nation is to deal with inequality, money must be redistributed from somewhere; corporate profits are an obvious source of funds.
Steve Bannon, Trump’s campaign chief in 2016, complained to Semafor that only $500 billion of the US government’s $4.5 trillion came from corporate taxes.
“Since 2008, $200 billion has gone into stock repurchases. If that had gone into plants and equipment, think what that would have done for the country.”
Modern executive pay has changed and allowed CEOs to become billionaires by meeting unchallenging targets for their share price.
Andrew Smithers, a veteran London-based fund manager and economist, and nobody’s idea of a leftist, has long inveighed against the bonus culture, which he holds responsible for a disastrous misallocation of capital.
John Authers Bloomberg 27 June 2025
Historic Rebound Sends S&P 500 to New Highs
Dramatic recovery from April’s tariff-induced selloff
Stocks have climbed in recent sessions after the fragile cease-fire between Israel and Iran sent oil prices lower and fueled optimism that the Middle East could avoid a prolonged conflict.
Continued trade negotiations between the U.S. and trading partners including China, Canada and the European Union have also lifted investors’ spirits ahead of the looming deadline for tariff hikes.
Wall Street Journal 27 June 2025
https://www.wsj.com/finance/stocks/historic-rebound-sends-s-p-500-to-new-highs-44775c62
Hur kan det komma sig att så många röstade på Trump?
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