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There's another issue created when companies issue debt in order to fund share repurchases. It may seem to make financial sense rates are so low but it's creat

There's another issue created when companies issue debt in order to fund share repurchases. It may seem to make financial sense rates are so low but it's created a huge amount of additional leverage throughout the corporate world.

eru 11y ago
That's because interest payments on debt are taxed at a lower rate than dividends. Fix the tax system, and the leverage will go away.