littlefish: buybacks, etc.
I tend to be politically conservative on most issues, like national defense and immigration (legal only, please), and moderate on others, and liberal on at least one issue--the environment. (RFK, Jr. is someone I admire very much.)
I am radical on the issue of CEO's and upper management's compensation.
First, while I like stock buybacks as a shareholder, in principal they are immoral, imo.
Second, I do not believe in stock options, at least not for the top management (CEO's, CFO's, etc.) and the boards of directors. Stock options, more than anything else, have created the 1 percent and the OBSCENELY rich. This also ties in with IPO's. If top management already own tons of stock and do an IPO, they often get filthy rich or obscenely rich if they already were rich. That is a trickier problem to fix.
Third, since this mess already has been going on for decades, I believe in a wealth tax on anyone whose net worth is over $250M, but only on the part of the wealth that was derived as passive income (dividends, interest, stock sales (including options, of course). This seems radical, but remember Elvis was never a wealthy guy by today's standards. (Think 90 percent top marginal tax rate.)
(A 90 percent tax rate on profits top management receive from exercising stock options might do the trick.)
Fourth, I believe student debt should be reduced in half with the stroke of a pen by the guy with the super-huge signature he shows to the world every time he signs something. Or, if Nancy wants to spend another 2 or 3 trillion dollars, it should be spend on ELIMINATING the $1.8T in student debt.
Fifth, a total non sequitur, Memorial Day should be returned to the traditional date (May 30?). It has become nothing more than a 3-day weekend to most Americans.
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