The Trump administration’s tax cuts are bad for American prosperity and mainly favor a small pool of wealthy people, suggests Robert Reich in Alternet. The biggest outcome of such tax reform is corporate stock buybacks, which used to be illegal. These do little for the overall health of the economy and primarily benefit shareholders. They buy their company’s own stocks to artificially push up their share prices. CEOs encourage this because their pay rises with the value of stocks. Rather than creating jobs or investment in new technologies, Trump’s tax breaks put more money in the pockets of people that are already rich.