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It didn't even address the point. It analysed what companies were doing, not what the recipients of the money were doing.
by Lazare 7y ago
It didn't even address the point. It analysed what companies were doing, not what the recipients of the money were doing.
- marmada 7y agoOh, so the idea is that buying back stock is effectively just transferring money to investors? I guess that explains why I was confused by the parent comment. I still do believe that giving money directly to social/governmental programs is more effective then giving it to the ultra-rich who may or may not have an incentive to spend it in a way that aligns with the country's interests, but that's a topic for another day.