stock repurchase tax -- the line that had me literally jumping up and down

[fescuerescue]

20. It's true. But that describes half the Fortune 500

Maybe more than half.

The most common play for companies that reach this stage, is start growing by acquisition. Usually paid with stock.

If stock buybacks are made illegal, growth by acquisition would likely become even more popular, since these major companies would instead being using the cash to purchase small startups to acquire their ideas and product.

Honestly I don't know if accelerating growth by acquisition would be good or bad. I'd have to think about it for awhile. But I suspect it's unlikely that all that extra cash would be spent on workers.