Stock buybacks end up being nothing other than a transfer of wealth from taxpayers to shareholders because anytime something happens the government steps in bails them out because they're too big. Now everyone knows that so there's no incentive for companies to act responsibly. The fact that it's now accepted and normalized is incredibly disheartening to say the least. No government subsidies. Let the capitalists figure it out. Otherwise let's just nationalize everything instead of privatizing profits and socializing losses.
