Buybacks shouldn't have ever been made legal in the first place, as the fears that cause them to be regulated in the first place have really come to pass. I'm s

Buybacks shouldn't have ever been made legal in the first place, as the fears that cause them to be regulated in the first place have really come to pass. I'm sure someone will right on queue chime in and talk about how buybacks are superior to dividends for a whole lot of reasons, the least abstract being that they're ostensibly tax advantaged. I really believe we'd all be better off if they went back to being banned and equities go back to just issuing dividends (which I strongly believe is better and more intuitive for small time investors). If nothing else, even though I'm sure a lot of wall street types will lose their mind, buybacks absolutely should not be tax advantaged in relation to dividends.