4 Big Tech giants have plowed over $1 trillion into stock buybacks in 10 years — more than Tesla or Meta’s entire market value::Apple poured over $600 billion into buybacks in the decade to March 31, exceeding Alphabet, Microsoft, and Meta’s combined spending.
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They were basically illegal until 1982. It was considered, and I believe still is, market manipulation.
I guess it was Reagan? again?
You can make a serious argument that Reagan caused more suffering than Hilter if you count the long term effects of his political influence
You can make a serious argument that Reagan caused more suffering than Hilter if you count the long term effects of his political influence
Can we not do this?
That’s absurd.
The truth often is.
Alright man, I hate Reagan more than about anyone I’ve ever discussed him with, but this is some inflammatory bullshit. There’s a select few people you can realistically compare to Hitler, and they all ordered mass detainment/encampment/executions of people.
Reagan caused a ton of societal and economic damage. All of which could of easily been rolled back if the American people just voted that way. He didn’t turn the country into a fascist dictatorship and declare things. He didn’t act alone. Reagan was a horrible racist piece of shit, but he was just the face of the republican parties will. Not a genocidal maniac.
Last I checked Reagan was voted in. Americans were perfectly fine with the war on drugs and taking benefits away from welfare queens.
Reagan signed bills that enforced the war on drugs, cut welfare programs, increased mass incarceration, emptied pscyh-wards, ignored the AIDS epidemic, oh and 100% responsible for the whole supplying weapons to a state sponsor of terrorism in Iran and and the raping, toturing, kidnapping, child killing Contras. Oh and knowingly letting cocaine into the country while arresting black and brown ppl completely deleting their lives with mandatory minimums giving crack addicts 50 years for 3 grams of crack.
The only difference between Reagan and Hitler is Regan doesn’t have a final victim tally yet
All solid points, all still not putting people in death camps and stealing everything from them. The hyperbolic bullshit of calling everyone Hitler in American politics is just childish.
Hitler was in power from 1933 to 1945, and the death camp program started around 1941. In the Wannsee Conference in 1942 it was decided by Heydrich and Eichmann that the Jewish ghettos cost too much to maintain and it was impossible to deport the Jews on the grounds that no-one else would take them. (That was his argument, but yes, even the US was turning back boatloads of Jewish refugees.) So you’re demanding that we compare events in the US to the last couple years of the German Reich.
Here in the US we’re comparable to around 1935, when the Nuremberg laws were getting passed that stripped untermenschen of their rights, which states are doing to women and trans folk right now, in 2023.
It was during the Reagan administration that the prison industrial complex and the law enforcement industrial complex were established, mostly as a way to funnel government funds into building prisons and letting the DEA harass and shoot up poor people. But to this day, our prisons remain impacted, and the US has the highest rate of imprisonment compared to any other nation, including China and North Korea, and not only are prisons super scary (with a prisoner sexual abuse / violent abuse rate of about 33% from the prison staff and an unreported rate of deaths, often by grisly means like getting willfully denied water and dying of thirst, or getting locked in the showers and braised with scalding water).
No, the concentration camps are here. The gulags are here in the US, and that’s not even getting into the immigration detention centers or the people still detained (without due process) from the war on terror, often who have been tortured.
It might have been hyperbolic in 2000. But shit got real in 2003 and has never gotten better. In 2017 when the Trump administration went over, the transnational white power movement kicked into full fascist gear, and hasn’t even slowed down since Trump left office.
So yes, comparisons of the United States to the German Reich are scary apt, and unless we don’t turn things around, possibly by having to force or coerce the federal government to take it seriously, then we can expect a genocide machine that could exceed the Holocaust, especially since the law enforcement unions nationwide are aligned with the movement.
That Hilter guy sounds like small fish
Is there list of flawed Reagan’s policies? I only remember deregulating greenhouse emmisions
The thing he’s worshiped for (decreasing taxes) is a blatently lie. Taxes on the average citizen were higher when he left office than when he entered. Taxes for the rich and businesses were lower though, unsurprisingly.
Pick any of his drug policies and you’ll have another failed policy
His sugar tariffs have driven food prices in the US far above the rest of the world.
Ding ding ding
Because buybacks are already taxed at the normal capital gains tax rate. Targeting stock buybacks is stupid. Just say you want to increase corporate taxes overall. Easier and more effective at raising money.
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put this money into the stock value itself instead of the company
It’s the same thing.
manipulating the stock price
It’s not because they announce it way ahead of time. Manipulation would be Apple buying a bunch of stock right before they announce the new iPhone, then selling after the announcement. That’s very illegal.
Giving money to existing shareholders is completely legal (as long as you give it equally per share) because it’s the shareholders’ money. They own the company.
Your example would be manipulating for the company. Stock buybacks primarily manipulate for the execs and large shareholders. Even though they have reporting requirements, they benefit from the general increases in price.
If the company wants to give money to shareholders, they could do that in the form of dividends.
No one is being manipulated. The company is handing the stockholders their own profits. Dividends are the same thing, just taxed differently.
Yay! Trickle Down Economics
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Didn’t buybacks used to be illegal?
After they helped cause the Great Depression, yes.
Good thing we learned from that.
The only thing trickling down is shit and piss.
Any minute now the trickle down will start and everything will be fine. Any minute now…
All I’m feeling from that trickle down thing is piss.
We need to go back to having buybacks be illegal. It’s money that SHOULD be spent on innovation, R&D, and more importantly, people.
But you don’t understand. This is about people. Like a dozen different people at least!
