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monkeycomet2 t1_j2959zm wrote

Reply to comment by GangNailer in [OC] Apple’s cash flow statement visualized by giteam

You're just assuming that I subscribe to trickle down economics, which I don't btw. I would support an initiative for the government to invest some money for each high school student so that they have some wealth to start out. All I'm trying to point out is that stock buybacks are not the enemy you are making them out to be. They are nearly identical to dividends in their effect. Just because you don't understand it doesn't make it evil.

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GangNailer t1_j2965p4 wrote

I do understand it and I am pointing it out as peak wealth redistribution. It takes all the hard earned labor and value the employees at the company made, and gives it to investors who spend 4times a year advising managment.

It's utterly dispicable and financializes companies into money printing machines. Thus giving management reasons to outsource and costcut and destroy the US economy further.

Ps, I really am getting tired of your strawmanning here, bringing up different points that have nothing to do with my comments. If u want to support buy backs In a public forum, be my guest. I am with the few with a business and financial education of who see the real reason they exist and how they are used. And your pro position is not going to change that truth, no matter how you try to explain the benefits of them.

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