America’s 200 largest corporations are more profitable than ever

Avalon - America’s 200 largest corporations are more profitable than ever. Net profits soared to $1.25 trillion in 2022, a 63 percent increase over 2018. But 90 percent of that sum was paid out to shareholders ($448 billion as dividends and a record $681 billion as stock buybacks). And because CEO pay is linked to share prices, CEO pay is through the roof. The typical worker’s pay is higher than it was two years ago, adjusted for inflation, but it is still in the cellar. In sum, the social costs of stock buybacks continue to surge. Trump thinks these Corp's need more tax breaks.