Planet money podcast said we did about $7 trillion in stock buy backs over the last 10 years [0]. That is $700 billion a year, so a 5% tax is $35 billion a year.
It’s a lot of money, but not enough for fundamental change. It would of been enough collectively to pay for the stimulus we are doing now though.
It’s a lot of money, but not enough for fundamental change. It would of been enough collectively to pay for the stimulus we are doing now though.
0 - https://www.marketwatch.com/story/sp-500-companies-spent-7-t...