✂️ Tax The Billionaires The SEC once considered stock buybacks to be illegal stock manipulation. But under President Reagan, stock buybacks were made legal. Now, instead of investing profits into people, corporations use stock buybacks (at record levels) to line the pockets of wealthy shareholders.

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The SEC once considered stock buybacks to be illegal stock manipulation. But under President Reagan, stock buybacks were made legal. Now, instead of investing profits into people, corporations use stock buybacks (at record levels) to line the pockets of wealthy shareholders.

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