New Deal-era regulations on financial flows made it painful tax-wise to remove cash from a company. So you either had to pay it as dividends, or you invest it in R&D, wages, or benefits for employees (this is why companies used to have very plush benefits even for lower level managers). When combined with pretty aggressive anti-trust, it also funneled cash into business expansion via conglomerates.
Companies were asset rich (which is the seam of valuable companies that private equity has been strip mining for 40 years, but even those are running out now).
Share buybacks are more symbolic that the Reagan era made it easy to take cash out of companies, which led to a race to the bottom of extracting as much cash as possible while leaving little for operations, wages, or expansion.
In the U.S. context this impacts agencies that regulate industry and offer beneficial state services (healthcare, food inspection, pollution monitoring) and not services that impact state control (DHS, the military, or domestic secret police (FBI)).
The longstanding goal has been to undo the new deal
Most importantly, no liberty of US citizens shall be limited without due process.
This bill would allow State Dept (neocons Marco Rubio who just traveled to Israel and met their prime minister) a unilateral ability to revoke visas/passports of anyone without any due process, just through Marco Rubio’s discretion
> if you have the right to travel between internal states
The relevant cases are Corfield and Paul [1].
They restrict states. Not the federal government. And since 1926, “the presidential administration” has explicitly had the power to “deny or revoke passports for foreign policy or national security reasons at any time.”
You aren’t really going to get addicted to therapeutic doses. Recreational doses are like 5-10x what a doctor would prescribe, with restrictive laws in the U.S. you can only get a months supply at a time.
Would be pretty dumb to use your months dosage for 3 days of partying
Companies were asset rich (which is the seam of valuable companies that private equity has been strip mining for 40 years, but even those are running out now).
Share buybacks are more symbolic that the Reagan era made it easy to take cash out of companies, which led to a race to the bottom of extracting as much cash as possible while leaving little for operations, wages, or expansion.