stock buybacks

Apple, Market Manipulation and the Cult of Personal Finance – RAI with Rana Foroohar

Reality Asserts Itself - Rana Foroohar

May 9, 2018
On Reality Asserts Itself, Ms. Foroohar says the legalization of stock buybacks in 1982 allowed companies like Apple to now spend only 15% of their investments on R&D, while the majority is spent on market manipulation; the Financial Times columnist and author of “Makers and Takers” says the move from traditional pensions to 401k’s makes everyone feel they benefit from finance, when the vast majority of profits go to the elites and most people’s living standards deteriorate – with host Paul Jay

Economic Benefits of Tax Cuts Should Have Arrived – Where Are They?

March 15, 2018

Businesses have had plenty of time to take Trump’s corporate tax cuts into account for their investment plans. However, as CEPR’s Dean Baker reports, this has not happened. Instead, they spent their tax windfall on stock buybacks

$100 Billion in Tax Revenue Lost Every Year Due to Loopholes for Multinationals

December 23, 2015

On 60 minutes, Apple CEO Tim Cook says accusations of tax avoidance schemes are ‘total political crap’, but economist James Henry says it’s unfair for corporations to simply wash their hands of having to share the costs of government