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Companies should be prohibited from doing buybacks for, say, 5 years, after any layoff.
by TylerE 2y ago
Companies should be prohibited from doing buybacks for, say, 5 years, after any layoff.
- Ekaros 2y agoJust straight up ban them. Have to pay taxes on investment due to dividends? Well too bad for you.
- marcosdumay 2y agoJust tax them, they'll disappear.
- mulmen 2y agoTax what? The buy back? How does that work? The seller is already paying capital gains tax.
- marcosdumay 2y agoThat doesn't require that the government don't tax the profit that allowed the buyback. The US taxing almost no kind of corporate profit is an oddity, and they can carve more exceptions to any kind of reinvestment they decide.
- frikk 2y agoI recently learned that buybacks and short selling historically have not been legal, its only in recent history that they've been standard practice en large (1982 is when buybacks were legalized, I think)
- layer8 2y agoIt’s part of Reaganomics. Buybacks weren’t explicitly illegal beforehand though, it just wasn’t clear when they would count as stock price manipulation.