$1 Trillion Record for Corporate Stock By-Backs

This year corporations are set to spend a record $1 trillion on stock buy-backs to enrich their CEOs and shareholders. Companies used to spend money on employee raises. Then stock buy-backs were legalized in the 1980's. We need to restore the New Deal-era controls on the financial industry.

Top | Newest First | Oldest First

PicturesOfABetterTomorrow · 41-45, M

Got to love Saint Ray Gun. Legalizing corruption so corporations can turn the economy into a casino for billionaires.

badminton · 61-69, MVIP

@PicturesOfABetterTomorrow I always found Ronnie Raygun to be definitely UN-lovable. I'll never forget when Reagan called seniors on Medicare "A faceless mass waiting for handouts."

PicturesOfABetterTomorrow · 41-45, M

@badminton Reagan, Thatcher and their descendants see anyone not making money for oligarchs as dead weight.

SW-User

@badminton Reagan and Alex Jones seem to have similar memory problems as well.

DeWayfarer · 61-69, M

Anything that sets at least some control on corporations I am all for it. This unlimited profit is just plain immoral. It's why the top one percent make more money than the bottom ninety percent combined.

https://www.seattletimes.com/business/economy/nations-top-1-percent-now-have-greater-wealth-than-the-bottom-90-percent/

https://www.investopedia.com/personal-finance/how-much-income-puts-you-top-1-5-10/

https://spendmenot.com/blog/us-income-inequality-statistics/

SW-User

And it's not just that ... pharma companies in particular used to spend money on R&D, now it's all M&A, marketing and raising the price of insulin just 'cos.

Add a comment...