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Shareholders benefit today from stock buybacks because they bribed politicians in 1982 to gut regulations that made buybacks an illegal form of stock manipulation, hence the trillion dollar a year transfer today from the middle class to the 1% that kills consumer demand and business demand.Shareholders are the owners of the company. They will determine what will be done with their profits.
BAck to the finite pie argument huh?When you play the Race Card, you are admitting you are a Losing Loser Who Lost, bub.
thats racist by boedicca on US Message Board - Political Discussion Forum
Where do all the rich racists live, I wonder?
Every pie I've ever seen has been finite.BAck to the finite pie argument huh?
Shareholders benefit today from stock buybacks because they bribed politicians in 1982 to gut regulations that made buybacks an illegal form of stock manipulation, hence the trillion dollar a year transfer today from the middle class to the 1% that kills consumer demand and business demand.Shareholders are the owners of the company. They will determine what will be done with their profits.
What's your opinion of "The World's Dumbest Idea."???Thanks for demonstrating that you are as clueless with your false dichotomies as Nader and Hanauer.
Every pie I've ever seen has been finite.BAck to the finite pie argument huh?
Are you still imagining ubiquitous perfect competition and fully complete markets?
"As economic power has shifted from workers to owners over the past 40 years, corporate profit’s take of the U.S. economy has doubled—from an average of 6 percent of GDP during America’s post-war economic heyday to more than 12 percent today. Yet despite this extra $1 trillion a year in corporate profits, job growth remains anemic, wages are flat, and our nation can no longer seem to afford even its most basic needs.
"A $3.6 trillion budget shortfall has left many roads, bridges, dams, and other public infrastructure in disrepair. Federal spending on economically crucial research and development has plummeted 40 percent, from 1.25 percent of GDP in 1977 to only 0.75 percent today. Adjusted for inflation, public university tuition—once mostly covered by the states—hasmore than doubled over the past 30 years, burying recent graduates under $1.2 trillion in student debt. Many public schools and our police and fire departments are dangerously underfunded.
Obama's Timid Budget
"Where did all this money go?"
Stock Buybacks Are Killing the American Economy The Atlantic
Do you find anything wrong in the following assessment of buybacks?Do you understand the nuance of Montier's argument that managements do buybacks wrong as opposed to "buybacks are bad?"
Did you hear about Wal-Mart's $6.5 billion a year in stock buybacks, enough to give each of its 1.4 million US "middle class" workers a $4,670 a year raise and save US (middle class) taxpayers an estimated $6.2 billion a year in food stamps, Medicaid, and housing subsidizes to Wal-Mart's "middle class" workers?And I don't even want to hear what cockamamie excuse there is to say it's bankrupting the middle class
Which has exactly what to do with a thread about stock buybacks and their affects on the middle class?Wealth isn't a pie and you can increase your wealth anytime you want
Do you find anything wrong in the following assessment of buybacks?Do you understand the nuance of Montier's argument that managements do buybacks wrong as opposed to "buybacks are bad?"
"This diversion of cash flows to shareholders has played a role in reducing investment.
"A little known fact is that almost all investment carried out by firms is financed by internal sources (i.e., retained earnings).
"Exhibit 13 shows the breakdown of the financing of gross investment by source in five-year blocks since the 1960s.
"The dominance of internal financing is clear to see (a fact first noted by Corbett and Jenkinson in 1997).
"From the mid 1980s onwards, equity issuance has been net negative as firms have bought back an enormous amount of their own equity (and geared themselves by issuing debt – a massive debt for equity swap).
"One of the most common raison d’êtres for stock markets that gets offered up is that they are providing vital capital to the corporate sector – the evidence suggests that this is nothing more than a fairy tale.
"Far from providing capital to the corporate sector,8 shareholders have been extracting it from corporates."
https://www.gmo.com/America/CMSAtta...v67VQg/NVUMWsYvi3A2/L+S28A7Pthjp7LmOfLYQfHMJc
Which has exactly what to do with a thread about stock buybacks and their affects on the middle class?Wealth isn't a pie and you can increase your wealth anytime you want
Did you hear about Wal-Mart's $6.5 billion a year in stock buybacks, enough to give each of its 1.4 million US "middle class" workers a $4,670 a year raise and save US (middle class) taxpayers an estimated $6.2 billion a year in food stamps, Medicaid, and housing subsidizes to Wal-Mart's "middle class" workers?And I don't even want to hear what cockamamie excuse there is to say it's bankrupting the middle class
Billionaire Hanauer Hammers Stock Buybacks The Nader Page
In the same way Wal-Mart does not affect the middle classStock buy backs do not affect the middle class
In the same way Wal-Mart does not affect the middle classStock buy backs do not affect the middle class
"Wal-Mart has spent [over ten years] more than$65.4 billion on stock buybacks — about 47 percent of its profits. That’s an average of more than $6.5 billion a year in stock buybacks, enough to give each of its 1.4 million U.S. workers a $4,670-a-year raise.
"It is also, coincidentally, an amount roughly equivalent to the estimated $6.2 billion Wal-Mart costs U.S. taxpayers every year in food stamps, Medicaid, subsidized housing, and other public assistance to its many impoverished employees. In this context, how can stock buybacks be either morally or economically justified?”
Billionaire Hanauer Hammers Stock Buybacks The Nader Page
Listen kid, I will be the first person to say that Walmart is a lousy company.
Did you notice raising the wages of Wal-Mart workers wasn't the only option for alternative ways to spend the $6.5 billion a year Wal-Mart currently spends on stock buybacks?Listen kid, I will be the first person to say that Walmart is a lousy company. I can't stand them, personally. But you're absolutely retarded if you think that making buybacks illegal would have convinced Walmart to instead spend the money on employee raises
"One helpful yardstick to judge whether you're middle class: Median household income was $51,017 in 2012, according to the most recent U.S. census data. Robert Reich, a professor of Public Policy at the University of California-Berkeley and former Secretary of Labor, has suggested the middle class be defined as households making 50 percent higher and lower than the median, which would mean the average middle class annual income is $25,500 to $76,500.I think you need to define who you classify as middle class.
