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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.

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!?!?!

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.