I would have no issue if companies that receive bailouts are bared from buybacks, paying dividends and giving management bonuses until they pay back the money.

I would have no issue if companies that receive bailouts are bared from buybacks, paying dividends and giving management bonuses until they pay back the money. But under normal circumstances buybacks are already taxed through capital gains taxes. That is more tax efficient but the solution to that is indexing the cost basis to inflation and scrapping any 50% discount not layering on more taxes.