Kroger and Albertsons are spending billions to reward shareholders after their blocked merger
https://www.nbcnews.com/business/business-news/kroger-albertsons-are-spending-billions-stock-buybacks-blocked-merger-rcna183829Open linkView original on lemm.ee113
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Man, stock buybacks are such a scam and should go back to being illegal. It’s just market manipulation and saps resources away from everything else, especially wages.
Yeah. Same with the 90% upper tax bracket. No companies ever paid that, that would be throwing money away. They instead reinvested that cash into the business in things like wages because that was a better use than paying it in taxes.