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> Just outlaw or intensely regulate these massive, centralized You can even do this with mere taxation rather than needing the full power of regulation. Gradu
by octoberfranklin 5y ago
> Just outlaw or intensely regulate these massive, centralized
You can even do this with mere taxation rather than needing the full power of regulation.
Graduated corporate income tax.
Instant diseconomy of scale. That's a good thing.
- HWR_14 5y agoExcept it's easy to break a corporation into many constituent parts. That's assuming there are any US based profits to tax. Most companies of a certain scale only make money in Ireland, the Netherlands and the Caymans.
- octoberfranklin 5y ago> Except it's easy to break a corporation into many constituent parts. Both the tax code as well as securities law already have something called "look-through" that deals with this.
- HWR_14 5y agoTo my understanding, that only works if the corporations are still owned by a master entity. It wouldn't do anything if, for instance, an apartment complex of 1,000 units was split into 1,000 corporations that paid a non-profit HOA, and each of the 1,000 corporations just happened to have the same ownership by natural persons.
- octoberfranklin 5y ago> and each of the 1,000 corporations just happened to have the same ownership by natural persons. That's called "common control". The tax code has been dealing with these shenanighans for decades: https://www.law.cornell.edu/uscode/text/26/1563 https://www.law.cornell.edu/uscode/text/26/1563