Fine, but then rage against that debt regardless of whether it's used for dividends or buybacks. Focusing such hate on buybacks per se is still confused. Also

Fine, but then rage against that debt regardless of whether it's used for dividends or buybacks. Focusing such hate on buybacks per se is still confused. Also, it might be worth probing the cause of bizarrely low rates, or wondering if it's a good idea for a high corporate tax rate that distorts behavior so much. (If you're going to reply that the effective corporate tax rate is actually low because they engage in complex schemes X, Y, Z, to reduce their effective rate, then you're agreeing it's distortive and encourages socially-wasteful activity.)