It’s very obviously is. Stock buybacks aren’t allowed almost anywhere else in the world for a reason. It just leads to terrible behavior. This coupled with insanely low effective corporate tax rates means companies horde capital and do buybacks instead of doing other activities that are more economically beneficial to the country. Like increasing worker pay…
Stock buybacks need to be made illegal again. I don’t understand how it’s anything other than market manipulation.
Ronald Regan really fucked this nation over. . .
Nixon never should have been pardoned
Shareholder primacy was from the Henry Ford days.
It’s very obviously is. Stock buybacks aren’t allowed almost anywhere else in the world for a reason. It just leads to terrible behavior. This coupled with insanely low effective corporate tax rates means companies horde capital and do buybacks instead of doing other activities that are more economically beneficial to the country. Like increasing worker pay…