Stock Buybacks Are Killing the American Economy – The Atlantic

Over the past decade, the companies that make up the S&P 500 have spent an astounding 54 percent of profits on stock buybacks. Last year alone, U.S. corporations spent about $700 billion, or roughly 4 percent of GDP, to prop up their share prices by repurchasing their own stock.

Source: Stock Buybacks Are Killing the American Economy – The Atlantic

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