rbreich ,
@rbreich@masto.ai avatar

S&P 500 companies bought back $181B of their shares in Q1 to pump up their value.

Buybacks are projected to reach $925B this year.

In 2025, they’re estimated to hit over $1 TRILLION.

Why is this driving inequality?

It's simple: the top 1% alone own roughly half of all stocks.

fizzily ,
@fizzily@toad.social avatar

@rbreich

They should be investing in R & D or returning the money to shareholders as dividends so the money could be available and productive in society.

andytiedye ,
@andytiedye@sfba.social avatar

@rbreich Not really much different from paying dividends, except that the stock the company buys is available for various employee stock programs (surely it is a good thing for employees to have a stake in the company they work for).

andytiedye ,
@andytiedye@sfba.social avatar

@rbreich Especially when he gets caught choreographing the whole thing!
https://twitter.com/atrupar/status/1790555738969952703

kevinrns ,
@kevinrns@mstdn.social avatar

@rbreich

Prune it back.

panamared27401 ,
@panamared27401@mstdn.social avatar

@rbreich Stock buybacks should be illegal. I believe they once were.

irjudson ,
@irjudson@mas.to avatar

@rbreich You should do a deeper analysis (so we all benefit from your expertise) on how many of these buybacks are driven by institutional investors - which are the IMHO driving the growing inequality fast...

gumpfloyd ,
@gumpfloyd@mastodon.social avatar

@rbreich A society completely corrupted by wealth and greed.

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