Stock buybacks were not even legal until the 1980s. This is why.
Here's a fact you won't hear on Fox News today. Exxon, Chevron, and Conoco made $46 billion in profit in 2021. Now they're using 40% of those profits for stock buybacks. Big Oil is raking it in, raising prices, and taking advantage of the war in Ukraine to push for more drilling.

Mar 8, 2022 · 3:15 PM UTC

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Replying to @marwilliamson
Stock buybacks are market manipulation.
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Replying to @marwilliamson
I bet you most people don’t know this. I never knew this.
Replying to @marwilliamson
I'm no fan of buy backs but you think they would have donated that to the homeless or something instead?
Replying to @marwilliamson
It would be nice if Biden were forced to do a buyback on his lies.
Replying to @marwilliamson
The $15 minimum wage crowd sure is quiet about $6 gas.
Replying to @marwilliamson
Why is Biden refusing to allow American oil companies to produce American gas? Because it is the stated goal of Biden's administration to make gas completely unaffordable. Biden is crushing the middle class, and he is doing it deliberately. Do not let anyone tell you otherwise.
Replying to @marwilliamson
By knowing yourself you know God, and by knowing God you know yourself.🙏 In us is everything, Everything is already there and it gets revealed when you know yourself.👍 Follow back 🙏🙏
Replying to @marwilliamson
Biden's strategy to stand down and keep predictions for the future on high alert is working well for his oil buddies. All the hardships fall on the poor and working class.
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Replying to @marwilliamson
Neoliberalism is great for the Wealthy ... Those that have ... but it will eventually destroy everyone else ... including this country.
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Wow…had no idea. Stock buybacks must have been part of the “Reagan Revolution”…🙄
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