Stock buybacks. The companies are using the money to buy their own stock and artificially inflate their stock price so they can pay out to their investors and their CEOs. Since 2020, the top five defense contractors have spent more than $100 billion on stock buybacks and dividends. And you better believe a huge chunk of that money is coming from your tax stock. Remember, these defense contractors are saying that this is extra money that they don't have another use for. (05:32–05:44)
CLAIM
Asserts that the top five defense contractors have spent over $100 billion on stock buybacks and dividends since 2020.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
