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Share buybacks and the rising valuation of of companies and real estate seems to make it pretty clear that big corporations and a lot of high wealth people have
by spaetzleesser 5y ago
Share buybacks and the rising valuation of of companies and real estate seems to make it pretty clear that big corporations and a lot of high wealth people have more money than they can invest into productive things like innovation and instead have to drive up the price of already existing assets.
- netizen-936824 5y agoOr that they would rather take the easy method to multiply their wealth instead of the hard work method? Doing nothing is always easier than building something
- s1artibartfast 5y agoThe purpose of public stock is pay out profit to shareholders. Buybacks are a method of achieving this. Infinite growth is a joke