Today @AOC and @HSCorzo broke down how companies buy back their own stock to juice its price—instead of investing in raises for its workers or innovation at the company
And in part two, @aoc notes that while her small business owning father passed profits onto workers, big CEOs pass profits to shareholders.

@HSCorzo notes stock buybacks often do nothing for the real economy

Video via @TakeOnWallSt

Here’s a good breakdown of how Wells Fargo used stock buybacks instead of investing in workers rooseveltinstitute.org/what-wells-far…
And here’s a whole page of resources about the problems with stock buybacks from @TakeOnWallSt takeonwallst.com/issues/about/s…
And here’s my thread about @SenatorBaldwin’s bill the #RewardWorkAct to ban stock buybacks
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And if you want to urge your members of Congress to ban stock buybacks, write them an email with this tool! actionnetwork.org/letters/we-do-…
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