4 ms·
If income taxes increase, then voters freak. We can increase the corporate tax, ban share buybacks, impose limits on the executive to non-executive pay, tax wea
by vaidhy 2y ago
If income taxes increase, then voters freak. We can increase the corporate tax, ban share buybacks, impose limits on the executive to non-executive pay, tax wealth etc, which will freak out the richest, but will benefit the society better.
- _DeadFred_ 2y agoShare buybacks were illegal stock manipulation for the majority of the USAs existence, until Reagan legalized them. They need to be made illegal again, they serve no purpose other than short term stock manipulation. If companies have excess cash, they should issue dividends (which was a huge part of the reason stocks were initially desirable). People would then buy stocks with good dividends (i.e. long term value, versus short term quick gain).