Prior to 1982, the SEC considered stock buybacks to be illegal stock manipulation. But under President Reagan, stock buybacks were made legal. Now, instead of investing profits into people, big corporations use them to line the pockets of wealthy shareholders. They're a scam.
@rbreich Consider all the politicians who are investors’ themselves. It’s not going to change until we banish things outright (first for the policy makers & then the execs).
@arstechnica Ah, yes, Apple, the so-called believers in environmental sustainability and social justice. The same Apple that uses slave labor to make their smartphones. It should not be surprise anyone they’re misogynistic, too.
@arstechnica Just shows, when push comes to shove, every billionaire on this planet is utterly evil, the same, and sees humanity as nothing more than a game board. We are peons on a good day.
