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Here me out, the biggest X companies should automatically be split on a yearly basis, with a ban on company mergers.
Thing is if we taxed corporate income the same as personal and had a tiered system that would go up all the way to the maximum any entity makes it would do that naturally. Basically it would be a shocking system where the better you make money the harder it is to make more of it. Kinda like how major league baseball plays a harder game than t-ball.
We can absolutely do both, and more.
I mean we could but what im saying is companies could only grow so big because it would just be to hard to make money at some point that we would want to titrate to make sure no company becomes a monopoly. Honestly I think we should outlaw holding companies and such. Only allow stock to be owned individually by individuals.
Sure, however having multiple avenues of preventing megacorps from forming is better. It's easy for a powerful corp to undo one or two regulations, but not so much if it is a cohesive system of regulations.
Absolutely agreed.
I'd say we should go a step further and kill the stock market in it's entirety through a moratorium on IPOs.
With no market would there be stocks? I prefer companies owned by many people over one person or family owning the company.
Agreed, which is why the stock market needs to go. The only way for labor to truly own their workplace is if they're the only ones who can control it (within reason). A stock market allows for the rich to single-handedly buy up a majority of the shares and control a company.
Instead, every company should eventually be turned into co-op nonprofits.