5 years ago
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Are Stock Buybacks Starving the Economy?
Stock buybacks are eating the world. The once illegal practice of companies purchasing their own shares is pulling money away from employee compensation, research and development, and other corporate priorities—with potentially sweeping effects on business dynamism, income and wealth inequality, working-class economic stagnation, and the country’s growth rate.
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https://www.theatlantic.com
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Another reason for lackdaisical share prices is that most countries in the EU introduced CGT in the wake of the 2008 crisis in an attempt "to prevent market volatility" which resulted in squeezing most private/hobby investors out of the equation on this side of the pond.