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Taxing mega corporations is essential. I would add that you need to tax them to oblivion after shareholder’s expectations are reasonably satisfied. If you don’t
by crocal 5y ago
Taxing mega corporations is essential. I would add that you need to tax them to oblivion after shareholder’s expectations are reasonably satisfied. If you don’t, you essentially create rogue institutions with deep pockets that will attempt to take political control of the nation for their selfish interests. Adam Smith had interesting things to say about that.
- danuker 5y ago> will attempt to take political control of the nation for their selfish interests Kind of like the current lobbying going on all over the world?
- crocal 5y agoWell, yes and no. In my opinion, lobbying in itself is not evil if it remains within reasonable limits. One of the limiting factor is to avoid giving the said lobbies unlimited funding. That is one of the reason for taxing corporations.
- tonyedgecombe 5y ago>Taxing mega corporations is essential. It's not in this case because the corporation didn't pay any tax.
- fallingknife 5y agoWhy is a corporation with political power worse than a government? You will probably say that I have more control over government because of democracy. But in practice I have a stronger control mechanism over corporations, who I can choose to pay for services. When there is a problem with my Amazon package, I get quick responsive customer service. If you have a problem with government, good luck!
- medvezhenok 5y agoYou have control over corporations insofar as there is actually a competitive marketplace (which is enforced by anti-trust, which is the purview of the government). If corporations capture the market/government and become monopolies/oligopolies and you have no choices (i.e. Comcast in some regions), you will have no more recourse.