Last Sunday I talked about why it's actually a good thing for the economy if businesses use their tax savings for stock buybacks, because it puts more capital in the hands of investors who will likely find productive uses for the cash. This was a partial rebutall to the bluster from Democrats like Elizabeth Warren that businesses would do nothing to "help workers" with the tax cut. Anything you do to funnel more money into the productive sector of the economy helps workers, because it helps everyone. But it is also true that many companies are sharing their tax savings directly with employees. The latest to do so is Walmart, which announced this past week that it's going to raise its company minimum wage from $9 to $11.

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