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Restricting Stock Buybacks Will Hurt the Economy

Mar 04, 2019 - The New York Times

In recent weeks, politicians have offered a range of proposals that would impose new government restrictions on how companies use stock buybacks and dividends. While the proposals are billed as solutions to promote inclusive economic growth and sound corporate governance, attempts to restrict buybacks and dividends are misguided. They would undermine economic security rather than enhance it.

Many companies rely on investments by individuals and institutions, such as pension funds, to finan...