Share buybacks are one way of returning money to the shareholders (and that shareholders usually prefer to the alternative, dividends, because they only pay capital gains taxes on the increase in stock price, as opposed to on the entire capital distribution). Ostensibly, they are returning this money to the shareholders because the shareholders can better determine where next to deploy the capital investments.<p>This article&#x27;s authors are either naive and uneducated or grinding a left-wing ideological axe.