FLBear5630 said:
Realitybites said:
"Corporate share buybacks were made legal in the United States in 1982.The SEC adopted Rule 10b-18, which provided a safe harbor for companies.This rule allowed companies to repurchase their own shares without facing legal repercussions.Prior to 1982, buybacks were often viewed as market manipulation." (which is exactly what they are).
Fixing capitalism will involve eliminating this so the free market can accurately price a share of corporate stock. It will involve eliminating restrictions on short selling so market participants who see a downside to a particular company's strategic vision can accurately profit from it. It will involve eliminating the use of stock and stock options as a form of compensation.
One of the biggest issues is Executive compensation. It has gotten ridiculous.
OK, so who gets to decide how much money someone should be "allowed" to be paid? And who decides what happens to the revenue a business pulls in?
Should Taylor Swift have a cap on how much money she gets? What about JK Rowling? What about professional athletes or bands?
Where does all this become government using powers never granted by the Constitution?
That which does not kill me, will try again and get nastier