Bernie Sanders: “Billionaires should not exist.”

[Toddsterpatriot]

Stock buy backs.
Corruption.

Stock buy backs are awful!
Instead of returning money to the owners, corporations
should build giant conglomerates. Who cares if they make sense or money?

 

[georgephillip]

Stock buy backs are awful!
Instead of returning money to the owners, corporations
should build giant conglomerates. Who cares if they make sense or money?

Parasites always need more corruption:

There's A Reason Why Stock Buybacks Used to Be Illegal | U.S. Congressman Sean Casten.

"For most of the 20th century, stock buybacks were deemed illegal because they were thought to be a form of stock market manipulation.

"But since 1982, when they were essentially legalized by the SEC, buybacks have become perhaps the most popular financial engineering tool in the C-Suite tool shed.

"And it’s obvious why Wall Street loves them: Buying back company stock can inflate a company’s share price and boost its earnings per share?—?metrics that often guide lucrative executive bonuses.

"As Reuters wrote recently, 'Stock buybacks enrich the bosses even when business sags.'"

 

[Toddsterpatriot]

Parasites always need more corruption:

There's A Reason Why Stock Buybacks Used to Be Illegal | U.S. Congressman Sean Casten.

"For most of the 20th century, stock buybacks were deemed illegal because they were thought to be a form of stock market manipulation.

"But since 1982, when they were essentially legalized by the SEC, buybacks have become perhaps the most popular financial engineering tool in the C-Suite tool shed.

"And it’s obvious why Wall Street loves them: Buying back company stock can inflate a company’s share price and boost its earnings per share?—?metrics that often guide lucrative executive bonuses.

"As Reuters wrote recently, 'Stock buybacks enrich the bosses even when business sags.'"

"For most of the 20th century, stock buybacks were deemed illegal because they were thought to be a form of stock market manipulation.

If they were buying and selling, buying and selling, that might be a good point.
It was a stupid law.

"And it’s obvious why Wall Street loves them: Buying back company stock can inflate a company’s share price and boost its earnings per share?—?metrics that often guide lucrative executive bonuses.

Stock options weren't that big a thing until Clinton decided to punish highly paid
executives by making their cash salary above $1 million, non-deductible for the corporation.

Typical liberal idiocy, "fix" one problem, create a much bigger one. ******* leftards.

 

[Stann]

Yes, well you totally ducked my assertion that it is because of the government that we have billionaires.

Money talks and the wealthy don't put money out for nothing they " bought off " all the Congress members to get what they want - even more wealth. It's worked up til now but that won't last much longer. As soon as the republicans and Democrats realize where the problem lies they will end their ways. The public will force them to cooperate and get it done.

 

[HikerGuy83]

Money talks and the wealthy don't put money out for nothing they " bought off " all the Congress members to get what they want - even more wealth. It's worked up til now but that won't last much longer. As soon as the republicans and Democrats realize where the problem lies they will end their ways. The public will force them to cooperate and get it done.

Probably one of the most ignorant naive statements in 2024.

 

[Stann]

Probably one of the most ignorant naive statements in 2024.

Love you too ! Good riddance fool.