Not entirely sure that's the algorithm here... Plenty of overseas people and corporations are roped into paying tax to uncle Sam.
Anyway, stock price has not been a great indicator of company strength ever since the market has become a gambling house driven by emotions.
True, it was just a broad stroke at best with a tie to the country itself. Many countries do “rope” folks into paying taxes aside from the U.S., but in many cases it is still less here and you have a chance to shallow their scoop into your pocket. In the end you can cut ties with this one and work elsewhere, but most likely pay regardless of your landing point. At one time I was abroad and paid on both fronts. Even though 2022 was heavy taxation for myself being a very lucrative year, it’s still better than being elsewhere despite the wasted expenditures our leadership consistently executes.
Totally agree, the market is very emotionally based and just stupid at times. Aside from corporations and standard businesses failing overnight, banks disappear as well.