Your entire premise is flawed since they all apply to companies in the stock market not a company sale. It's unrelated to my original statement but....

Investment vehicles, such as a 401k, do pay capital gains taxes just not on the sale they pay when the individual pulls the money out of the account.

You're arguing for less liquidity in the market? Liquidity is a good thing because it allows the market to more efficiently deploy capital.

PS... correlation does not equal causation otherwise the amount Chocolate eaten per capita has direct effect on the number of Nobel Prize winners.