So, what did our corporate and financial elite do with their tax rebate windfall? Did they invest to boost production (like they said they would)? No. Is there a sudden hiring spree going on? No. Did they give raises to the rank and file? No. Did they give bonuses (even 'one time' bonuses) to the rank and file? No. Did they ... well, you get the point.
Instead of doing anything that would help the long term interests of America's working class, the aristocrats of corporate America decided they would make themselves richer with stock buybacks. Robert Reich explains how this happens ...