4 Big Tech giants have plowed over $1 trillion into stock buybacks in 10 years — more than Tesla or Meta’s entire market value::Apple poured over $600 billion into buybacks in the decade to March 31, exceeding Alphabet, Microsoft, and Meta’s combined spending.
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They were basically illegal until 1982. It was considered, and I believe still is, market manipulation.
I guess it was Reagan? again?
You can make a serious argument that Reagan caused more suffering than Hilter if you count the long term effects of his political influence
You can make a serious argument that Reagan caused more suffering than Hilter if you count the long term effects of his political influence
Can we not do this?
That’s absurd.
The truth often is.
That Hilter guy sounds like small fish
Is there list of flawed Reagan’s policies? I only remember deregulating greenhouse emmisions
Ding ding ding
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Ideally. Unfortunately, the people doing the buybacks now are no different than 19th century industrial barons; once they have a household name due to sheer wealth, they stop pretending (if they even bothered to in the first place) that they’re in any way good people.
Yay! Trickle Down Economics
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Because buybacks are already taxed at the normal capital gains tax rate. Targeting stock buybacks is stupid. Just say you want to increase corporate taxes overall. Easier and more effective at raising money.
They’re trying to discourage buybacks.
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The only thing trickling down is shit and piss.
Didn’t buybacks used to be illegal?
After they helped cause the Great Depression, yes.
Good thing we learned from that.
Any minute now the trickle down will start and everything will be fine. Any minute now…
All I’m feeling from that trickle down thing is piss.
We need to go back to having buybacks be illegal. It’s money that SHOULD be spent on innovation, R&D, and more importantly, people.
