The Republican tax cuts of 2017, touted as rocket fuel for the American economy, have failed to spur investment or development in any meaningful way, argues Jeff Spross of The Week. Stock buybacks and payout for shareholders were the main result. The corporate world has demonstrated for years that stock buybacks funnel wealth to the rich instead of trickling down to workers. New investment has grown at the same rate it was before the tax breaks, showing that they had little to no effect. Wages are also barely affected. A Politico poll found that only 25% of people saw their paychecks go up. The tax plan was a waste.