Hassett argued that buybacks are a reasonable way for companies to return excess cash to shareholders -- who can then invest in faster-growing startups. "It's a natural way our economy recycles cash from old successful firms to new entrepreneurial firms," Hassett told CNN's Poppy Harlow."If we were to stop share buybacks, or slow them down, we would be slowing down the cash flow to entrepreneurs.
Veteran hedge fund manager Mark Yusko recently told CNN Business that buybacks should be"illegal," in part because they are part of a"self-perpetuating loop that benefits one small group of people."Worried about deepening inequality, Democratic Senator Cory Booker introduced a bill last year that would require companies that do buybacks to pay a commensurate sum to its workers. And last month Senators Bernie Sanders and Chuck Schumer urged fellow lawmakers to limit buybacks.
Source: Financial Digest (financialdigest.net)
What happened to the art of the deal? This looks more like dumb and dumber!
How can he be so sure about cash recycling to new entrepreneur but not to another zombie rich person?
Why is Hassett always so happy? Because he’s oblivious of reality. CorruptGOP TrumpShutdown GOPCoverUp TrumpCrimeFamily CrookedIvanka FireKushner
What the FakeNewsMedia doesn't want to divulge is that the world economy is beyond repair thanks to Criminal Central Banks & federalreserve! Home sales down 17% in Orange Country Cali, the hottest market in nation! Wake up, the last 4 Presidents doomed our economy along w/ FED!
From the guy who told us furloughed workers were gaming the system by getting a free vacation. Next
Companies were given tax breaks to improve their ability to create jobs. Instead, they're buying back their stocks and execs are getting rich. Who cares abt some made up fear to stop them from doing what they weren't supposed to do in the first place!!!
Here goes the GOP and their shills screaming ‘WOLF! WOLF! WOLF!’ again. How many times can we the people fall for their BS?
Or you know, they could use that cash to pay their employees more...
It must be the cold affecting his thinking
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