Subject: Re: From the letter
I would've preferred a less acerbic response. All the tongue lashing does is give the "demagogues" a chance to clap back (which surely they will do) at the bad instances of buybacks like buying back with corporate tax cuts instead of reinvesting and buying back at overvalued levels. Then it just becomes a shouting match in an echo chamber and whoever bellows loudest has the better chance to win, which in this case is the demagogues! Just point out our side of the story and the inherent flaws in their argument which is all we can really do to try and stop them.