another zombie economic idea
is that there would be a massive repatriation of corporate cash that would create a surge of investment.
The surge was a trickle and now mostly nothing. Never mind having patiently tried to explain to people that it was always mostly an accounting fiction.
Don't worry, the point of zombies is that they always come back from the grave so it will be recycled sometime soon.
BTW also, most of the tax cut has gone to dividends and buybacks so as to provide a short term windfall to the executives. As far as investment goes, the highest ROI in the US today is lobbying and other political activity.
Thank You Justice Roberts- who probably didn't even know he was an economist.