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> Perhaps it is time to apply some of these methods to other industries that might only survive with a taxpayer bailout I feel as though the problem here is th
by mabbo 7y ago
> Perhaps it is time to apply some of these methods to other industries that might only survive with a taxpayer bailout
I feel as though the problem here is that we can't survive losing some of these companies. "Too big to fail" is the problem. There's so little diversity in these ecosystem that losing one company is an economic disaster.
Maybe the regulations around these sorts of things ought to just apply to any company that represents more than X% of a given industry, or any company worth more than Y% of the entire stock market. And these don't even have to be big X and Y values. If you're that big, you've grown beyond being just a simple company and you've become an integral part of society that must remain functional.
Go even further: tax those companies that meet these standards an extra small amount, and then reduce the taxes of their smaller competitors by the same total value. Incentivize competition to increase the diversity, so that there aren't many companies we can't afford to lose.