From 2019-2024, Lowe's spent $46.6 BILLION on stock buybacks. That's enough to give each of its 273k employees a $28k bonus for the next six years. Instead, it paid its CEO 659x what it paid median employees. And we STILL think corporate tax breaks will magically trickle down?
The worst, no? And under this president, their salaries and perks will only go up - and their employees will not. Disgusting.
I’m rich so I invest my money in businesses that pay its labor like shit in the name of capitalism. I hope they buy goods and services from businesses I own so I can make more money and buy more businesses that underpay my laborers. God is good.
These buybacks are why the stock prices remain high. It’s not the company growth.
And no. Many of us NEVER believed it. Here's USA with 'trickle down' BS vs W Europe without. Tax policy directs where wealth goes.
Can we start at Home Depot where they invite ICE/Gestapo in to round up people of color.
The consumers like it that way or they would goto mom and pops. People created their own misery by voting with their spending dollars.
Blame that on an equally bad actor, Ron Reagan, which had SEC to allow stock buy backs to further stuff the pockets of the Broligarchy, nothing trickling to the masses, which was previously against the law.
The only thing trickling is the bullshit...
trickle down is the original modern day big lie...
Make Buybacks Illegal Again
THIS. It is straight up market manipulation... arguably worse for the economy than allowing congresscritters to do trades.
That’s some serious bullshit.
The economics profession has been ignoring the depreciation of automobiles purchased by consumers since 1950. What have economists ever said about Planned Obsolescence? 200,000,000 motor vehicles in the US in 1995, 80% owned by consumers. NDP? bsky.app/profile/umbr... A new burden for the peons?
Capitalism is broken.
:(
Hard to fathom that people still believe in the “trickle down” effect. But then again, there are people who vote for Trump, the nazi’s, believe earth is flat…
Trickle down a Ron Reagan scam on the American working people.
Remember when corporations got Trump tax breaks and gave tiny one time bonuses to employees to make it look like they would share them? What happened to the bonuses? Corporations get the tax break every year. Shouldn't employees get bonuses every year? It was all deception. #taxtherich
This is part of the problem !
📌
Every company into America need a mandatory union. Every increase to CEO / shareholder salaries should demand mandatory raises for all employees. They have more money than any person in history and spend even less or it than the old tycoons. They probably flew to Epstein Island with that money, too.
If you do not support the "Fair Tax" plan your name is a lie!
Holy crap. 😳 Give me a sec. My head just imploded…
who is "we"?
These greedy corporations are all filthy rich because they are allowed to do business in america that greed getting all benefits while not paying any taxes will be reason they go extinct america has to borrow instead of collect taxes from greedy companies that pollute and pay no taxes that is why
All corporations do that with the huge tax break Trump and gop give them that is the exact reason why America keeps going into hyper deficit those tax breaks is what will make them extinct and America will continue going broke thanks Trump and gop
And this.
There once was a time when stock buybacks were considered stock manipulation and, therefore, illegal. 🤔 ⚖️ 🏛
We never thougt this.
Reagonomics Reeks!!!
Never have, never will.
WE have known better for a long time. But Dems don't care that the companies do this either.
Lowe’s had to retreat from Canada. They weren’t that good.
I used to go to Lowes every week. I haven't gone there in 2 years and I don't miss it.
via @ips-dc.org ips-dc.org/report-execu...
Given your name say something about the taxes.
#BoycottLowes
This is mind blowing. I shop or shopped at Lowe's regularly because I can't stand Home Depot. Now I'll boycott Lowes. I'm running out of hardware stores. 😩
No one thinks that. Literally no one on earth could possibly be so stupid to believe that. They just hate brown skinned people.
Greed feeds off, and ruins, other people's lives.
See even Lowe's isn't on our side, they fight against consumer protection as much as Home Depot, against us. They just don't hand wads over to install fascist asswipes, like he does, at least, not overtly.
You pay an emoyee enough money to quit the job. bsky.app/profile/wilb...
When they aren’t making enough profit, they cut hours on the front line. Gotta feed the fat at the top.
"We" don't believe it. Republicans who still think Reagan was a great president do.
Greed greed greed
Lowe’s tricked us with not being investors in the GOP. You know what’s next. We boycott them too.
Every corporation has this wage gap. Woke, maga, every, single one.
Brilliant👏😎
This is so much more complicated than that. And you know it. The stock would decline or even crash if they didn’t do some buy back. That is one of hundreds of factors you didn’t analyze.
Then why didn't stock declines and/or crashes happen on a regular basis during the period (1934 to 1982) when stock buybacks WERE illegal? In fact, ordinary people's greatest share of general prosperity came during that period when stock buybacks were seen as illegal manipulation.
It is unclear what you mean by no stock declines in that period. There were.
There were no stock declines on the order of what regularly happened during the periods before AND after the New Deal, certainly nothing on the order of the 1929 Crash. I didn't mean to imply that the Stock Market didn't have its ups & downs, just that the downs were far less severe.
I guess if controlling for volatility its important. The other thing you should recognize is the average American wasn’t in that market in that period. Mostly just the wealthy.
They were never illegal inherently. I challenge you to post the text of that law you think existed.
The laws & SEC regulations inhibiting stock buybacks were so stringent they were practically (de facto) illegal; that's as good as making them de jure illegal, which we should do.
Make Stock Buybacks Illegal Again
The only thing that trickles down is when those wealthy fucks ransacking everyone’s hard work piss on your head.
We have a much better home improvement store in Chicago: Menards. Let me count the ways.
There should be no billionaires
We need Grow Up economics.
Harbor Freight is a great alternative to Lowe’s & Home Depot.
Oh, #Lowes, did you?? 😕
So..no Home Depot or Lowe’s. I’m good with that. Ace hardware is out, too, right?
ACE is good, but expensive even with loyal customer coupons. I shop there because they're fully staffed & have a great garden powertools dept, because it saves me a 25 min drive to the box store & because they don't treat me like I'm a criminal just waiting to be caught, the way Home Depot does.
I used to work for Ace. Most Ace Hardware's are locally owned, or owned by a small franchise. They pay to get the Ace affiliation and join in on the advertising and coupons. So, depending on your local Ace, they may be fine.
I’ll be switching my business to Ace.
One day it’ll trickle down when the people kills off the rich.
NO - THEY KNOW THAT'S NOT TRUE. TRICKLE DOWM WAS ONLY EVER A COVER STORY. FUCK REAGAN EVERY DAY OF THE WEEK AND 100 TIMES ON SUNDAY!
I am once again asking my fellow Americans to consider the economic utility of the guillotine. 😅
You forgot to deduct what Lowe’s big shots spent in campaign donations to make this windfall for them happen! Our government is Pay-To-Play as everyone knows. 🤷🏻♂️🚩
When a corporation does this the entire board of ceo heads should come off. Like seriously. Peacefully accepting this shit is why we are going full fascist
Put differently, the stock buyback would fund a wage increase of 3x the federal minimum wage for every Lowes employee
There should be a law that the ratio between highest and lowest paid worker can't be more than 1 to 10.
Do you believe you live in a democracy?
Not any more
When do you think it ended? Or was it only your belief that changed?
What about nonprofits organizations who make millionaires and billionaires that never give to the community
Rob Lowe could help. But how many Lowes could Rob Lowe rob if Rob Lowe could rob Lowes?
And don't forget, by comparison to their largest competitor, Home Depot, Lowes is the better option! Of course, that's what happens when the other guys set the bar on the floor.
Great comment, makes a good analogy. The only chance for the employees would have been to by Lowe’s shares in 2019 for $100 and sell in 2024 for $220.
Lowes sucks
Buybacks used to be illegal. And when they were, workers benefited, not shareholders, boards of directors, and CEO’s. We can thank Ronnie the deregulator Reagan for that one.
This should be ILLEGAL!!!!!!
Capitalist pigs are destroying America.
Lowe’s stock price appreciation should flow towards all people instead of just Lowe’s shareholders. But it’s gonna take a while.
And the big ugly bill will give more money for this type of crap
But Republicans are the Party of corporate tax breaks!!
You know theyre always going to prioritize corporate greed, CEOs over everyone else. They need to burn the system down.
Who's we?
Same for our power company. They raised our bills 30%, and have the CEO millions in bonuses. For what? Unfortunately, don't have another source for power, so what do we do?
Don't shop at stores that don't pay employees a living wage and health care.
The slow death of Target is fun to watch.
All we get are trickles. Enough to justify the theory
😆🤪😜😁 employees...we have employees?
Make stock manipulation illegal again
Exec pay will have to stop.
Thanks. They just made my boycott list.
That is insane. Biden should have done something
New word-PROTESTANATION. People have the power! Need to organize protest in the millions and shut the USA down completely.Enforce justice like they've never seen. It can be done! Or else... Time to take ownership of our Country!!! Trump must go!! Young organizers needed, where are you.Share/repost
This is stealing. When are people going to wake up?
Nobody believes this.American consumers simply must understand the power we possess in boycotting these heartless corporations.Target can be the bellwether. Politicians will never address this disparity, so voters and consumers, often one and the same, must take this torch and run like hell with it.
BOYCOTT LOWES I DO!
They NEVER EVER HAVE!
They never have and they never will. Buying back that much stock raises the stock prices giving greedy shareholders an incentive to continue doing the same every time rather than using the money for long term investment. It’s rapacious.
They trickle down from one billionaire to the next billionaire. But that’s about it. Everyone else gets nothing. And now they’re trying to replace those poorly paid employees with AI and robots so they can hoard more cash.
Not I.
Lowes is slipping like Sears did.
If trickle-down economics actually worked, the middle class would be booming now, because we've had 5 decades of it.
Don't shop at #Lowe’s There is no excuse.
Stock buybacks should be illegal. And, until relatively recently, they were.
That is false. They were never illegal. Manipulating the stock price was. But buybacks happened for other reasons. They were rarer before because it wasn’t clearly legal for any reason. In part because there are legit reasons to affect a stock price. Like raising capital.
How many sources do you want me to give? I mean, Forbes is second on the search but I could link a bunch of different sources. Prior to 1982, they were deemed to be illegal stock manipulation. So, while you might "technically" be right, it's a vacuous argument. www.forbes.com/sites/aalsin...
So you agree with me. Technically or not, it was not illegal. It was done. It was made clearly legal in the 80s no matter the reason. Facts matter. The Forbes article is accurate. The solution is not to make it illegal but to argue for board reform and regulations. At the state level.
And my argument is that it wasn't legal until relatively recently. So it *was* illegal.
No I don't agree with you. You're using the Air Bud Loophole. "Stock manipulation is illegal." "Are buybacks illegal?" "Well, they're considered stock manipulation..." "But does the law specifically say dogs can't play basketball/buybacks are illegal?" "No, because it's already covered broadly..."
It's Saturday. I could do this all day. But if I actually wanted to do that, I'd be on Facebook.
The only thing trickling down is the shit down Trump's pants leg.
We all know what actually “trickles” down.
Any day now!
That's a lot to spend for the stock price to not even double in that time frame. Other companies have done a lot better. What a waste. Well they did say they were LOW
S&P Global reported that 324 companies in the S&P 500 bought back at least $5 million in stock in Q2 2024, with total buybacks reaching $235.9 billion in that quarter. Apple. . $26.5B. ^4.4% GOOGl. $15.6B. ^1.7% UnitedHealth Group. $5B. ^80.8% So tell me the trickle down fairytale again.
Capitalism is cannibalism of other people's well-being to feed the egos of the rich.
Stock buybacks should be illegal.
There is no such thing as "trickle down" economics. It's just outright a thing that doesn't exist. It's fake. It's a narrative that the parasitic rich & stooges of the parasitic rich regurgitate to dupe the ignorant into supporting or accepting the looting of the productive labored classes.
Lol it's like a thief/robber saying can I lighten the burden on your feet by holding your wallet for you and anytime you need a dollar you can just ask me for how much you need and I'll give however much I think you actually need.
As long as Ronald Reagan is seen an excellent president by more than 1/4 of US citizens, “trickle down” will not even be considered for scrutinizing. 🤷
Ronald Reagan was more republican garbage bad for america the gop is trash check history its all on record don't be lazy ignorant with internet no excuse s
No shit. Mountains of evidence or proof of wrongdoing, isn’t enough to convince the fools of their gullibility… They’ll decry socialism even as they make their monthly insurance payments. 🤦♂️ they vote FOR tariffs then have to google who pays them.
It is well past time to replace “trickle down” with “bubble up”. In our system, money bubbles up from working people to the wealthiest. An economy is like an aquarium. It will stagnate unless there is some mechanism to move capital from the top of the economy to the bottom.
the only thing that trickles down is the piss and shit they spew at us
Fox and Newsmax are doing their best to trickle that piss and spit and shit down to the workers so they stop worrying about it.
People who worry that America can’t afford universal healthcare don’t understand the actual wealth gap. Combined, U.S. billionaires personal wealth (~$5.4T) exceeds the GDP of Japan ($4.4T), the world’s 3rd largest economy. Tax them. They can afford it.
Extreme drought in leadership in this country. They feel like they have to pay big to get leaders who have even the slightest morals.
Obviously that won’t work. Let’s try giving the CEO another $100 billion next year. That might do the trick.
I will agree with the statement wholeheartedly, except for the word "we". "We" didn't believe it during Reagan. "We, sure as hell, don't believe it now.
Those that forget the past are doomed to repeat it. It didn't work the last time 🍊 was in the WH and it sure won't work now.
Only MAGA morons think that. The US is a shit hole country run by corporations, oligarchs, and a pedo
*Pedos (we got more than one up on that hill wearing Republican outfits)
They used to be illegal for a reason.
Stock buybacks should again be illegal.
Corporate stock buyback should be illegal
Kennedy was murdered for having the guts to take on the system by enacting E.O.11110. everyone in America needs to investigate this ,because the Federal Reserve is neck deep in this and I conjecture someone in the 12 Private BANKS put a contract on Kennedy's life and LBJ rescinded law; this is TULSA
No one should that as that's been the biggest hoax by the rich for years. The trickle down hoax is exactly that a bs propaganda technique the rick use so the poor give them more money.
I'm not sure why I should care. I've never been to Lowe's.
Tax breaks trickle up not down.
Trickle down economics works like this. The ultra wealthy piss on everybody else!
Until 1982 Stock buybacks were illegal for a reason and considered stock manipulation, because they are. They go hand in hand with deferred compensation and avoidance of tax by corporate executives. Reagan ushered in the amplification of economic inequality and new wave of oligarchs ghouls.
IT'S BEEN PROVEN TIME AND AGAIN. TRICKLE DOWN ECONOMICS DOES NOT WORK. IT'S A SHAM. ALL IT DOES IS TAKE FROM THE POOR AND GIVE TO THE RICH. IN A TIME WHERE BILLIONAIRES HAVE MORE POWER THAN EVER SINCE THE REAGAN ERA YOU CAN BET THAT THAT IS THE GOAL.
