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.
Stock buybacks were legal and happened before 1982.
The “thanks Reagan indeed” is just your own internal biases. The President didn’t draft the law and the Democratic Congress passed it.
So quite odd to blame a single person.
It should be a warning against believing things on the internet because they conform to your biases. Check your sources.