It sounds like shareholders won’t be directly impacted but companies deciding to do buybacks might decide otherwise with a tax. It’s marginal at 2% but imagine

It sounds like shareholders won’t be directly impacted but companies deciding to do buybacks might decide otherwise with a tax. It’s marginal at 2% but imagine this hits 5-10%. Then buybacks might make less sense for a company. That will impact shareholders who are usually employees who have been working their asses off for years and have lucked out with a company that actually offers buybacks.