According to economist William Lazonick stock repurchasers like Apple could certainly use the tens of billions that they spend on buybacks to pay actors and screenwriters more. “The fact [is] they’re not paying them more,” and instead they’re making the rich richer.
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At lataco.com
Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.
His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/
Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)