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I don't understand. The only way this looks to free up the $8B for stock buybacks is if Intel was already going to invest in doing all of this already and speci
by ckdarby 3y ago
I don't understand. The only way this looks to free up the $8B for stock buybacks is if Intel was already going to invest in doing all of this already and specifically here.
Can they reallocate capital to stock buybacks if they were already going to do this, yes! Could I find anything prior to this bill to indicate any competitive reason for Intel to do this in the USA? No.
Article just reads as written by one who is anti-corporate, rise up and this is why one must be anti-work because the government only cares about lining the pockets of corporations.
- woooooo 3y agoIf that's your angle, then this 8 billion is a terrible distortion of the free market which should be focusing on stock buybacks. There's no world where both the buybacks and the subsidy both make sense.