Stock buybacks are an illegal stock manipulation that were routinely prosecuted as such before the Reagan administration waved a magic wand and decided it was kosher. If Google has $70 billion for stock buybacks, then Google has $70 for taxes, and strong pro-unionization rules are called for to tip the balance of power towards workers. Why did we create rules of the road where corporations and shareholders became the guiding force of our economy, when workers’ spending power keeps us afloat?
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