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   Robert Reich (rbreich@masto.ai)'s status on Tuesday, 18-Jun-2024 04:17:37 JST Robert Reich

   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.

   • GreenSkyOverMe (Monika) repeated this.
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     Tuckers Nuts Resist😈! (jstatepost@mstdn.social)'s status on Tuesday, 18-Jun-2024 12:00:08 JST Tuckers Nuts Resist😈!

     in reply to

     @rbreich
     🥥 The stock buybacks initiated by Reagan in 1982 were a scam at the time and are now a toxic stream of filthy lucre coursing through the body politic and corrupting everything they touch. 🥥