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#EconSky www.businessinsider.com/world-riches... Prediction that the Largest U.S. companies will invest in record Stock buybacks and not invest in Manufacturing, More Jobs or U.S. Employees and these billionaires will make it all back and then some by years end.

businessinsider.comHere's how the 10 richest people in the world fared after Trump's tariffsThe world's top 10 richest people saw $74 billion vanish on paper after Trump's tariffs.

ryderofchaos.bsky.social

@ryderofchaos.bsky.social

6 Apr 2025

Gee it feels like stock buybacks are some form of legalized insider trading that should be outlawed..... WONDER WHO'S FAULT IT IS THAT IT'S NOT!?!?!

Steve

@thingsters.com

Maybe it is better described as a Rent-seeking activity. Rent-seeking increases one's wealth without creating new wealth, often by manipulating the political or social environment. Or even predatory capitalism. Biden and the dems thought it would all be fixed with a 1% tax on stock buybacks in 2023.

6/4/25, 12:34 am0 reposts1 like

Steve

@thingsters.com

6 Apr 2025

ryderofchaos.bsky.social

@ryderofchaos.bsky.social

6 Apr 2025

I think the real fix is to make stock buybacks illegal again.... BEFORE REGAN CAME ALONG