Stock buybacks aren't inherently evil or immoral. They are just like issuing dividends, no difference, and are the reason companies exist: to return value to their equity holders for the equity risk they bear.
They could be a sign of a lack of better projects for the company to invest in.
There's likely something to be said about tying stock buy backs to more stock options for employees, but it'd have to be voluntary rather than regulated.
There's definitely something to be said about CEO compensation relative to worker wages. But that's a civil society discussion, not a government regulation one.
And finally capital gains taxes being lower than income taxes is morally reprehensible, but this one will take quite a bit of work to undo without destroying the US economy due to capital flight out of the country once the law changes
Re:Every .gov Domain
by honeybadger1 on Friday February 21, 2025 @08:30AM
(#43127173)
Why can't both points be true at the same time?
Because one of the points is false. A priori, you're right: there could be hideous waste in this area. There probably is, even. But you haven't provided examples of it, and there's no real reason to assume that the wasted effort would be obvious at a glance.
> "Telephone Based Mindfulness Training to reduce blood pressure in black-women" $2million(https://www.usaspending.gov/award/CONT_AWD_47PH0825C0001_474...)
The link you provided indicates funds were for repair to some bridge at port of entry in TX - "YSLETA, LAND PORT OF ENTRY PAVEMENT REPLACEMENT REPAIRS PROJECT, EL PASO, TX AWARD WAS MADE WITH LOW EMBODIED CARBON FUNDING"
> "South Sudan Gender Aware Sustainanable Water and Sanitation": $40Million (https://www.usaspending.gov/award/CONT_AWD_72066821C00009_72...)
"tech bro American" doesn't want clean water for people in Sudan and promotion of basic hygiene practices.
https://dt-global.com/projects/afia-wash/
> State Department Spending on Social Media Influencers:$4M (https://www.hsgac.senate.gov/wp-content/uploads/FESTIVUS-REP...)
There's so much wrong with this source material. It is so biased.
All of these "killed" contracts you deem as wasteful yet turn a blind eye to the _billions_ that public companies pour into stock buybacks. Minimal investment back into the company. This only helps _rich_ cunts and foreign investors.