$1 trillion in stock buy backs provide no real benefit to the economy.

Robert Reich
December 30, 2018

This year corporations spent a record $1 trillion buying back shares of their own stock. These massive buybacks only pad the bonuses of corporate executives and wealthy investors, and provide no real benefit to the economy. They must be outlawed.

Trump's Stock Buyback Bamboozle

This year corporations spent a record $1 trillion buying back shares of their own stock. These massive buybacks only pad the bonuses of corporate executives and wealthy investors, and provide no real benefit to the economy. They must be outlawed.

Posted by Robert Reich on Sunday, December 30, 2018

Author: John Hanno

Born and raised in Chicago, Illinois. Bogan High School. Worked in Alaska after the earthquake. Joined U.S. Army at 17. Sergeant, B Battery, 3rd Battalion, 84th Artillery, 7th Army. Member of 12 different unions, including 4 different locals of the I.B.E.W. Worked for fortune 50, 100 and 200 companies as an industrial electrician, electrical/electronic technician.

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