Fortuitously, Erica York, a senior economist on the Tax Basis, properly reveals why inventory buybacks usually make sense. They have a tendency to occur when a agency doesn’t have higher funding choices. Inventory sellers can then use the funds to put money into companies that do have higher funding choices. Oh, and by the best way, who owns a big p.c of company America? Pension funds. Many employees depend on these funds for his or her retirement. These tears that Schumer and Biden are shedding for employees are crocodile tears.

That is the final paragraph of David R. Henderson, “Inventory Buybacks Are Good, Not Dangerous,” TaxBytes, Institute for Coverage Innovation, March 9, 2023.

Learn the complete factor, which is brief.

Supply hyperlink