Politics is a game we must play and play well because whether we do or not someone is, was and will be playing it against us. Despite that, politics is not the source of salvation and growth, your innovations, effort and determination are.
To be clear…
Totalitarian: I want the say in how everyone uses everything.
Socialist: Everyone should have a say in how everyone uses everyone’s stuff.
Libertarian: Everyone should have a say in how they use their life, body and property and not those of others.
Shareholder buybacks do two things that do create economic value:
– Provide liquidity to exiting investors so they can go invest in other businesses creating economic investment elsewhere
– Allows the remaining shareholders to have non-taxable appreciation but also creates headroom for capital raising later when the company needs it.
Shareholder buy back are not a bogeyman for you to complain about because you wish they spent the money your way.