I'm not even American... When I say "blame Reagan", I obviously don't mean him personally, rather his government or his neoliberal ideology even.

And you keep acting like the 1982 law had no effect when it made the largely marginalized practice of stock buybacks mainstream. Maybe you should check your biases.

https://corpgov.law.harvard.edu/2020/10/23/the-dangers-of-bu...

https://crsreports.congress.gov/product/pdf/LSB/LSB10266

https://www.vox.com/2018/8/2/17639762/stock-buybacks-tax-cut...

https://www.sciencedirect.com/science/article/abs/pii/S01651...