It essentially cuts the government in on the buyback scam, making it harder to actually eliminate the practice.
buybacks
Posted inEconomic Policy
Fertilizer Firms Spread Wealth to Shareholders as Farmers Weather Extreme Prices
U.S. officials have banned fertilizer imports from key overseas competitors while domestic firms fork over billions in stock buybacks.
Posted inTAP
Building Back Better Through Taxing Stock Buybacks
Today on TAP: Rather than squandering money on CEOs’ rewarding themselves, the tax would fund needed investment. Do I hear a second?
Posted inTAP
Dealing With Sinema
Today on TAP: The Arizona weirdo has compelled the Democrats to abandon taxing the rich—so they’re proposing to tax rich folks’ unearned gains.
Posted inMoney, Politics, and Power
Pharma Companies Spend Billions More on Stock Buybacks Than Developing Drugs
House Oversight Committee report combats industry claims that lower drug prices would stifle innovation.
Posted inTAP
The Return of the Buyback—and Mississippi Rules
Today on TAP: The Supreme Court agrees to weigh in on a Mississippi anti-choice law
Posted inCoronavirus
The $5.3 Trillion Question Behind America’s COVID-19 Failure
That’s the amount of buybacks U.S. corporations funneled to shareholders during the past decade—rather than invest in technologies for the common good.
Posted inEconomic Policy
It’s Time to Nationalize the Airlines
America’s most consumer-abusing and environment-degrading industry wants us to bail it out. Instead, we should take it over.
Posted inEconomic Policy
How to Really End Shareholder Capitalism
It’s now increasingly clear that maximizing shareholder value has led to minimizing everything else a corporation could and should do.
