S&P 500 companies bought back $181B of their shares in Q1 to pump up their value.

Buybacks are projected to reach $925B this year.

In 2025, they’re estimated to hit over $1 TRILLION.

Why is this driving inequality?

It's simple: the top 1% alone own roughly half of all stocks.

@rbreich That is how Capitalism has worked since it began. Individualist Anarchist, Benjamin Tucker pointed to 4 monopoly regimes the government protects on behalf of Capitalists. Those are money, land, tariffs and patents/ copyrights. The Guilded Age was nothing but massive government subsidies to big business and not Laissez Faire. Thanks to the adoption of some form of Keynesian economic policies it continues today. All taxation is trickle up to the rich. In fact the money monopoly and taxation is what led to and continues to prop up economic inequality.