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This explains why the stock market soars as we all fight for our lives to buy groceries for our families. America is broken.

No more government bail outs for them!

🤬

They are cashing in. They know the end is near.

Thank you, ronald reagan

Stock buybacks are the ultimate confession of failure of leadership. "We have money that we can't figure out how to use to make the company better. So here, you can have it."

And stock buybacks *were* illegal until Reagan rigged everything for the rich.

They use to be. Somebody should do something about that. Just sayin.

It’s called “cashing out”. Short term thinking from a board that chose $. Make it illegal? No, it’s the investor’s choice. The can chose to contract, remain the same, or increase market share. Today, they chose to contract.

GM killed my sister. She was in a car accident that she should have walked away from but there were issues GM knew about and decided not to fix bc paying victims & their families would be cheaper. If any of the issues had been addressed, she’d be here. The cheapest fix they didn't advise on was ~$3.

This why they outsourced AUTO jobs in Ohio cities never returned NEW AUTO EV jobs in cities like Dayton, Beavercreek, Vandalia, Kettering etc it wasn't labor COST it was GREED !

It is not just that stock buybacks are the issue. Shareholders demand that stocks increase. This has always been the case since minority shareholders sued and won against Henry Ford.

I just read of the desperate stock buy backs just before the Great Depression.

In the abstract, stock buybacks ARE a reasonable way to return capital to investors when the company doesn’t have a compelling other way to invest it. BUT companies keep giving investors outsized rewards and screwing their employees. We need to shift laws and incentives much more towards workers.

Same reason we don’t have a working immigration policy. Or tax policy… Hell he’s even the precedent for a mentally compromised president. Real trailblazer with cross dressing being one of most successful movies. Oh right can’t forget about the gun control

Did they ever repay the government for bailing them out

Should be illegal "again". They were illegal before Reagan.

Capitalism is really a drug, and like most drugs, it dosing is critical: Too little is ineffective; the right amount is magic; too much can be fatal.

‼️‼️‼️‼️👆

And you if think the WSJ crowd is afraid of him now, just wait.

Stock buybacks as we know them started w/ Reagan (of course). Dems have held the White House for about 20 of the last 40 yrs since then. In all that time, why have they not rewritten tax codes to fix that corporate loophole?!? Why are we even voting Blue when they let terrible GOP rules continue?

Yes please!

Stock buybacks only happen when the company gets other people to sell their stock When other people sell their stock capital gains taxes are collected Making buybacks illegal reduces taxes collected The money from selling stocks after taxes is used to buy other things or invest in other companies

This is why I drive a truck that I bought used 40 yrs ago for $2600.

NEW GM CARS SUCK no mechanic will even fix them not to mention they trace you and can turn your car off at any time. let them buy back and break up. invite more Toyota and Honda to your nation instead or let the US slide in to a 3rd world nation as is currently happening

Stock buybacks used to be illegal. Then, in 1982, Reagan's SEC decided it'd be OK for the rich to screw the poor.

GM should be saving that money for all the class action lawsuits coming over the complete piece of shit engines they keep putting in vehicles.

I don't understand how all of you are so dum. bsky.app/profile/isho...

...unless it is "buy and give to the employees as benefit" - that should be the legal way for it

Not necessarily but the tax treatment of them should change. As should tax treatment of carried interest, inherited stock and dividends

When SHTF again for GM there should be no public bailout this time. They never learn, just like the banks…take, take, take. If it is true capitalism they want then when they falter again let them fail for their greed and arrogance.

This is the focus on quarterly earnings. EVs are years into the future.

They used to be!

It is completely clear that you have never operated a business.

Removing the cap was another thing the Reagan administration did to destroy this country.

They are doing it while conservatives are calling the shots. That's gonna end.

🔥😤🔥

That sucks

Who’s also hemorrhaging (speaking as an ~20yr $F shareholder) It’s temporary tho’. At least for them…

I have absolutely no sympathy for them when byd cores their asshole and drives them out of business

Oh,its worse than that.There will come a point soon,where the economy does this,and customers not buying do that.And GM will announce plans for bankruptcy{IE:too big to fail},and that GM needs a government bailout AGAIN.Meaning its GM CEO's and owners making money any way they can. Greedy Mofo's.

Back in 2008 when GM was on their last leg, WE bailed them out. They were allowed to walk away from many environmentally contaminated sites like the Lansing Verlinden Plant and the Lansing Craft Center. These sites, hundreds of acres sit vacant 18 years later in the city of Lansing. Useless.

One more thing we can attribute to ol' ronnie. He had a hand in every bad thing that's currently going on...

Of course they should be. And for a hundred and ninety years--from 1792 until 1982--they were.

And, thank you Jack Welch. Perfect! Workers are just another cost center and nothing else.

Yup

Congress doesn’t think so. These companies pay Congress for the laws that allow this.

They grown used to the idea of government bailouts if things get bad… let them fail and give their assets to new innovative startups

I agree. They were historically I can’t remember exactly why that changed.

$7.25 an hour Federal minimum wage has not been increased in 17 years Workers are losing Healthcare and food assistance Corporations and rich people get tax cuts What have Republicans done for the working class in America?

That's rich, coming from a scummy zionist.

Stock buybacks should be illegal. Again.

While they take govt subsidies.

Let the next world-wide event happen and see if they don't come around with their corporate hand out looking for help.

WTF? After we bailed them out? Confirming the greed of the dollar, gives people amnesia

They used to be illegal. The SEC considered it market manipulation. Reagan essentially made it legal. It's still considered market manipulation by the SEC. But if they do it a specified way it falls under the safe harbor rule created in 1982.

Paying dividends to shareholders is what GM can still do with its cash if buybacks are eliminated, which still doesn’t invest in workers or product lines.

Afvckingmen.

Most GM employees are probably shareholders. Don’t agree with this one.

#AltText

Its the only thing keeping the market afloat. Since 2008 thats it. Its why wages won't increase, or why everything is shit. Buy back stock only concentrates wealth for those who already have it

I don't have a problem with stock buybacks. I do have a problem with the chasm between the top and bottom pay levels. In a well-run, successful company the CEO, the investors, AND all workers should win.

Back before 1982, they were heavily restricted and highly scrutinized for fear of market manipulation. Gee, I wonder what happened after they relaxed the oversight?

GM stiffed their longtime stockholders in 2008.

Nope.

Reagan did that too. Everything goes back to Reagan. Everything

Wrong. It's market manipulation, plain and simple, which is why it was considered illegal till criminal POTUS Reagan's SEC reversed that.

There’s nothing wrong with buybacks, but CEO pay should be tied to the pay of ordinary employees.

They use to back in the 80’s.

You don’t have to make stock buybacks illegal. Just rule that share sales by any owner of a company that has bought back its shares do not qualify for capital gains preferences. Voila(!), no company management would dare do it.

They used to be.

This is what almost every company is doing with the money they saved in taxes from the BBB. So trickle down doesn't work, had been proven not to work. Companies don't invest the tax savings into manufacturing or creating new jobs and hiring people. They invest the money for their shareholders.

Again

bsky.app/profile/ocon...

A stock buyback is a company's way of saying, "We have no plans for the future to invest in so we're going to pass our cash back to the investors and bankers.".

As they were until 1981 when Reagan and the GOP changed that….🤷‍♀️

It is taxed. Every buy generates capital gain taxes for the seller.

They used to be until saint Ronnie raygun

It's the looting stage of an empire collapsing. GHrab all you can, when you can, for tomorrow may never come. The leaders all know it and are prepared. While the rest of us are given the farce of an 'election' to play with.

Despite being bailed out, subsidised, promoted and protected for decades all 3 big auto makers have done nothing to innovate. Still making gas guzzling huge autos & not much going in the EV lines. China has 2 models that will destroy the GM small EV market, management doesn't care, just throw money.

There vehicles suck!

Eat the fkng rich.

Raising income taxes will help stop this.

💯 stock buybacks should be illegal. As they once were before Reagan legalized them.

This is what is wrong with Society and Economic policy frustratingly simple to solve! en.wikipedia.org/wiki/Shareho...

They certainly used to be illegal before it was decided that blatant market manipulation was really quite a good idea for making the rich and powerful even richer.

We pay them to build junk that sometimes blows up before 1000 miles. subsidytracker.goodjobsfirst.org/parent/gener...

bsky.app/profile/abdu...

(A working person earning a living is not the same as a company manipulating the market with stock buy-backs to increase their profits and if you think they are the same I think you're the one who needs a deeper conversation. Goodnight.)

Anymore dipshit comparisons or should I mute you now?

To be clear, I'm neutral on them. There are both pros and cons, but to make them illegal? No.

Stupid take👆🏽. Buybacks were always illegal until 1982 when Reagan the moron made them legal. Corporations did just fine without them prior to that.

Privatizing immense corporate cash windfalls for share repurchases instead of investing in workers, clean tech, and R&D drains our industrial base. Public wealth and market stability should foster green innovation and good jobs, not short-term Wall Street enrichment.

Special thanks to former Fed Reserve Chairman Alan Greenspan for being first to allow stock buybacks through structural shift in corporate finance during his tenure: 1987–2006, where companies transitioned from paying dividends to repurchasing shares.

Buybacks should be illegal. Let's pass a bill to don't his when Democrats take power.

It’s stock manipulation and should be illegal in most cases imo

All that sounds like a you problem, bro.

The rage is the money was not paid out in highly taxed wages. The misunderstanding that buying back stock to reduce the supply means other people had to sell, and pay taxes on the sale. That the money from the sale is used to invest in companies that want to grow.

Consider buybacks as income for purposes of SSI and Medicare taxation

Reagan allow this - it was not permitted prior

Stock buybacks are basically just dividends that let the recipients game their taxes more.

Should be illegal AGAIN.

Stock buybacks used to be illegal. Then Reagan got elected.

They've clearly seen the future and have decided to take the money now.

So should corporate bailouts if they have ever done this.

Buybacks paid for with refunds from tariffs.

They know they’ve played themselves into a corner 🇨🇳

Buybacks are simply letting owners sell their stake back to the company. Prudent for GM as they haven't been successful competing in EVs or autonomous driving. Probably due to unions and bureaucratic mismanaagement. Trying to compete where they are disadvantaged is throwing money away.

GREED

Stock buybacks were illegal until ronnie raygun

Thanks to ronnie raygun

Not against them being illegal, but there should be some strict requirements to not only protect workers, but also to benefit them.

Absolutely illegal. Jail time BS.

Tldr;Clarification - shareholders come first