I think "buybacks are not inherently bad" is a good point and still true in a theoretical perfect frictionless vacuum. But when we look at the entire economy an

I think "buybacks are not inherently bad" is a good point and still true in a theoretical perfect frictionless vacuum. But when we look at the entire economy and how all the money has been flowing mostly tax free from the government and workers to only (literally only) the super-duper rich via this buyback tool, then it's obvious we have a problem.