Corporate profits

Warren Buffett’s Prediction of Corporate Profits as a Percentage of GDP

In a 1999 article for Fortune, Warren Buffett said that corporate profits as a percentage of US GDP are unlikely to continue to rise. He cited rising inequality, which would pose political problems. Although profits continued to rise, the growth of populism was among the problems he foresaw. This social and political shift could tip […]

Corporate profits

Two-thirds of corporate profits are now held in tax havens – Mother Jones

The Republican tax bill has many, many weird provisions that I am only just discovering now. For example, did you know that it prohibits tax-free obligations for the construction of sports stadiums? I like this one, actually, although I’m not quite sure it’s rationale. But whatever the reason, they’re little potatoes. How much money is […]