SPDR S&P 500 (SPY)

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Due to share buybacks Executive payouts are soaring while there employees see little if any wage growth. Morgan Stanley reported last month that America’s businesses are planning less future capital spending now than they were a few months ago. And that finding is bolstered by a recent survey of 393 businesses from the U.S. Chamber of Commerce and the audit firm RSM, which found that only 38 percent of those firms plan to increase investment over the next three years.

Instead of channeling their profits into productive investment, S&P 500 companies are on pace to plow a record-setting $800 billion into buying back their own stocks. The point of such “stock buybacks only to financial engineer stock prices up while hollowing up a once profitable corporation.