Multinational corporations are on pace to repurchase over $1.1 Trillion in stock buybacks by year’s end. This will be the biggest buyback in the stock market’s history. Reagan made stock buybacks legal in 1982 & income inequality has grown to gilded age proportions since. 1/2

Oct 26, 2022 · 3:36 PM UTC

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We should reinstitute the Securities Exchange Act of 1934 & make stock buybacks illegal. 2/2 finance.yahoo.com/news/7-rea…

7 Reasons Stock Buybacks Should Be Illegal

Editor's note: This story was previously published in February 2019 It has since been updated and republished.Did you know that stock buybacks were illegal until 1982? It's true.Source: Shutterstock...

finance.yahoo.com
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Replying to @marwilliamson
The fact that our currency can just be inflated by “the fed” is crazy. Why should someone’s hard earned money go to zero over time? How is that ok? That has a LOT more to do with the inequality you speak of. Would be nice if democrats could target the Fed instead of businesses.
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Replying to @marwilliamson
You should really be fighting the federal reserve instead of blaming corporations.
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Replying to @marwilliamson @julesblack2L
capitalism. get rid of it.
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Replying to @marwilliamson
Agree with Marianne here. And suggesting this is anything other then market manipulation Vs value is ridiculous.
Replying to @marwilliamson
absolutely agree -- hoping to see you comment on the recent 'progressive caucus' antics and Bernie's comments on it - feeling abandonned.
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Replying to @marwilliamson
"Everything is the republicans fault!" democrats scream, while wielding power in the congress and executive.
Replying to @marwilliamson
Cultural trigger: calling "individual freedom" the possibility to overcome ethics and common sense. Social trigger: firms being the dominant "producers" of jobs, in turn the dominant avenue for security and survival. In general: not reading the third book of Marx's Capital.
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Replying to @marwilliamson
What we need is Thriving Wages (125%+ of MIT Living Wage Calculator Standard). Payroll & sales tax will go ⬆️ revenues will go ⬆️ but everyone will have their needs met.
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Replying to @marwilliamson
Essentially a slow played bailout of the entire market so as to present the illusion that we're not already in a recession. Sadly, the working class in America is too distracted to care... especially with kanye news and football season in full stride
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