The grocery store operators had said they’d be able to cut prices by combining, but regulators and courts disagreed. Now they’re investing in stock buybacks.
  • Veedem@lemmy.worldEnglish
    36·
    15 days ago

    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.

    • halcyoncmdr@lemmy.worldEnglish
      18·
      15 days ago

      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.