5 ms·

What wealth limit are you proposing and why wouldn't companies leave for another country?

• mxkopy 3y ago
  > why wouldn't companies leave for another country Haven't they already? Besides, that might be a good thing, if corporate overreach continues to grow unchecked.
• PrimeMcFly 3y ago
  > why wouldn't companies leave for another country? Solved by limiting the profit that can be transferred out to foreign companies/parent companies. If a market is too big, as long as money can still be made even with a cap, a company won't leave - or if they do a competitor will spring up to take its place.
  • refurb 3y ago
    So capital controls? Like China? That has a ton of associated problems.
    • PrimeMcFly 3y ago
      I mean, I'm not sure China is the role model for how to do anything like that really. Doesn't mean the idea is without merit though.
      • refurb 3y ago
        It kind of does because you can see the problems with capital controls in China. Foreign investment drops off because, hey, who is going to invest if they can take their money back out? It's also going to limit foreign investment outside the country. It also screws with exchange rates and interest rates because of the Interest Rate parity law: https://en.wikipedia.org/wiki/Interest_rate_parity https://en.wikipedia.org/wiki/Interest_rate_parity
        • snapcaster 3y ago
          You seem to be implicitly assuming that "foreign investment" == good. This is sometimes (or even often true) but it's not like it's without tradeoffs
          • refurb 3y ago
            How is foreign investment bad?