But why? What's the problem with buybacks? Everybody still pay the taxes. They just don't pay the taxes when reinvesting profits into the same company shares un

But why? What's the problem with buybacks? Everybody still pay the taxes. They just don't pay the taxes when reinvesting profits into the same company shares until they actually sell the shares. Why would you like to tax those people then? They aren't running away with any cash, they will pay taxes when selling the shares. They just avoid unfair side of the income tax (you pay when you profit but you don't get back or get back very in unfavorable way when you lose money).