A really simple idea I had for the problem of perverse corporate incentives. For each of the Fortune 500, assemble a committee of 100 random citizens. Have th

A really simple idea I had for the problem of perverse corporate incentives. For each of the Fortune 500, assemble a committee of 100 random citizens. Have them spend a couple months deliberating on the conduct of that firm, before finally voting on what corporate income tax should be levied on that firm in the coming fiscal year. The beauty of this solution is that in principle, it solves the problem of virtually any possible corporate misbehavior in a single fell swoop. No need to play whack-a-mole with mountains of laws and regulations. If a random citizen might learn about it, and decide that it isn't right, you shouldn't do it. If you do it anyways, you'll feel pain in your wallet (on expectation at least), and acquire a cost disadvantage relative to competing firms which are more virtuous. Simple.