Banning Stock Buybacks

When the Trump administration slashed their taxes, corporations invested the windfall in building new facilities and creating new jobs, right? Of course not. They spent the cash on stock buybacks. That’s good for corporate execs but a disaster for the economy. William Lazonick explains in this video from the Institute for New Economic Thinking.

More:

“Why Stock Buybacks Are Dangerous for the Economy,” William Lazonick, Mustafa Erdem Sakinç, and Matt Hopkins,. Harvard Business Review

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