re: Trump Tax Windfall Going to Capex Way Faster Than Stock Buyback, largest capex in 7 years

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wouldn't the ideal result be somewhere near an even split between capex and investment

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capex is just a subset of investment

usually it's taken to mean investment in physical capital like machinery (best) or other physical property

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understand from the article and posts including yours that capex is seen as better for long term corporate health

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it's far more important than just corporate health. in supply-side theory, that investment is what drives increases in worker productivity and leads to the real economic growth, the kind that sustains itself

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it's not like with buybacks/dividends the money is getting burned or buried

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it's true that consumption made possible by those buybacks/dividends stimulates the economy too via the demand channel. and some of that may eventually go back to physical capex somewhere else. but to the extent those resources go to consumption rather than investment, the supply-side impact is watered down