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>How do we change ownership structures to prevent Snapchat, Instagram, and Whatsapp from distributing billion-dollar windfalls among only a couple dozen people?
by tetrep 11y ago
>How do we change ownership structures to prevent Snapchat, Instagram, and Whatsapp from distributing billion-dollar windfalls among only a couple dozen people?
This seems to be the crux of the argument, that concentrated wealth is bad but direct redistribution via taxes/Government is also bad. The "proposed" solution in the article is to construct a most certainly complex set of laws/regulations such that companies themselves are forced to redistribute their wealth amongst their employees, which only works if you have employees to share with. If 3 people make an awesome mobile game that makes millions of dollars, even split evenly, they're helping virtually nobody with their product yet accumulating a very non-trivial amount of wealth. UBI or similar tax schemes would naturally capture this wealth and redistribute it, I'm not aware of a cleaner/simpler alternative than that.
Note: I think the discussion this article is creating is good, but that the article itself is quite poor.