Senators Bernie Sanders and Charles Schumer have issued a call to limit share repurchases by companies, saying in a New York Times op-ed, “…companies, rather than investing in ways to make their businesses more resilient or their workers more productive, have been dedicating ever larger shares of their profits to dividends and corporate share repurchases.” This is a masterful bit of populism, including an attack on: a) profits, b) corporations, and c) the wealthy, although it is not as radical as some of their compatriots in the Democratic Party.
