Tag Archives: stock buybacks

If you did not figure out where I am going by just reading the title, then I will explain a bit. Stock buybacks do not trump Quality. It is that simple. When you sacrifice Labor so as to have funding to buy back stocks, you may have picked the wrong person to toss. The person who inspects the product or builds that particular portion of the product correctly. This issue was in assembly somewhere along the way and was missed as an essential assembly...

I have been arguing, since 2016 (e.g., here, here, and here), that one of the likely outcomes of the kind of corporate tax cuts Donald Trump and his fellow Republicans have supported—and, as we saw, eventually rammed through—would be an increase in inequality. That’s because corporations would likely use a portion of their higher profits to engage in stock buybacks, leading to an increase in stock prices. And stock ownership in the United States is already grotesquely unequal. Therefore,...