In fact, I would even suggest that some economic growth in this country has been limited over the last 10 years simply because the tax code doesn't provide the same incentives like this that used to be in place.
These major corporations are not stupid. Change the tax code on them, and they'll simply change the way they do business to reflect the changes to their bottom line.
In the long-run, I agree with you. Increase divvy taxes and they will stop pouring so much money into divvies and do more buybacks. In the end, they’ll privatize and pay the lower corporate taxes that are coming. Good for them.
However, over the next couple of months, I don’t intend to sit around and watch my retirement money get a 10% haircut.
There are longterm capital gains tax increases as well.