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Stock buybacks aren't inherently evil or immoral. They are just like issuing dividends, no difference, and are the reason companies exist: to return value to th
by airstrike 2y ago
Stock buybacks aren't inherently evil or immoral. They are just like issuing dividends, no difference, and are the reason companies exist: to return value to their equity holders for the equity risk they bear.
They could be a sign of a lack of better projects for the company to invest in.
There's likely something to be said about tying stock buy backs to more stock options for employees, but it'd have to be voluntary rather than regulated.
There's definitely something to be said about CEO compensation relative to worker wages. But that's a civil society discussion, not a government regulation one.
And finally capital gains taxes being lower than income taxes is morally reprehensible, but this one will take quite a bit of work to undo without destroying the US economy due to capital flight out of the country once the law changes