Tag: Stocks
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Eliminate financial benefit of stock buybacks
Until 1982, stock buybacks were actually illegal, considered a form of market manipulation, as companies could use cash on their balance sheets to support their stock price. Today, buybacks are viewed as a “tax-efficient method of returning value to shareholders”. Stock buybacks are nothing but financial engineering meant to return value to shareholders without causing…
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Limitations on investments owned by elected representatives
It should be common sense that members of Congress should not be able to use their knowledge of upcoming votes and legislation to gain a financial advantage over their constituents. This means that we need strict, enforceable lows that put firm limits on the investing activities of our elected representatives. Investment returns for members of…