Hacker News Reader

Stealing is the only sure way to make trickle down economy work.

When corporations stop using stock buybacks as a tax free mechanism to return value to shareholders

I believe buybacks have the same long term capital gain consequences as dividends, currently. The party who sells stock at a profit will pay tax, it is not tax free.

Buybacks allow shareholders to time capital gain better.

It’s already tricking down. Just not anywhere near enough to make a difference.