If the subject is even brought up in Congress you'll see the Dow sink below 3,000 and the commencement of the next Great Depression (which won't be too good for the job market). An awful lot of the perceived value of American corporations stems from the legal advantages they possess.
Some. And some vehicle that provides limited legal liability to money-only investors is needed. If we expand "legal advantages" to mean more generally -- legislation that protects corporations generally beyond simple limited liability, or that gives them special and more valuable status in regulation, or garnering of contracts, or grants of exclusions in markets and territorys, or grants of patent-like copyright (e.g. look-and-feel) and patent, or outright grants of money, or discounted use of federal, state and city property, or a harsh rule of bakrupts for individuals with an easy one for corporations, or exculsive access to fiat money originations -- whwre those boons are garnered by bribery, emouliebnt and entangled alliance between legislators, politcal parties and corporations -- then yes we agee.
The stock prices reflect one thing: the publics wages and borrowings are being herded into those pens -- and those pens almost alone. The only alternative is government securities.