Originally Posted by
FNGFO
I think you’re greatly overestimating how closely tax payers monitor how their money is spent.
No kidding.
“U.S. corporations spent a record amount buying back their own shares last year, using 2017′s tax-cut windfall to reward shareholders
rather than to invest or expand their businesses.
Companies in the S&P 500 spent $806 billion on stock buybacks in 2018, blowing away the previous record of nearly $590 billion set in 2007.”