The Dumpsterfire Economy

[whell]

Originally Posted by finnbow

There have been $97.2 billion in share buybacks since the start of the year. That figure dwarfs a number that Republicans have been touting: $2.5 billion in bonuses that companies have announced in response to the new tax law.

https://www.washingtonpost.com/blogs...t-the-tax-cut/

And this is bad why? Companies buy back shares in exchange for cash that goes back to investors, typically for more than the original purchase price of the stock. That creates wealth for the investor, which is then either reinvested or returned to the economy an other ways. This isn't a bad thing, and it fuels economic growth. So what's wrong with it?