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If no corporation is allowed more than 1 million dollars (10 years of median income) then 10 average people can counter a single corporation. That’s a good rati

• pjc50 8mo ago
  It's also impossible to have a larger business than a restaurant, or almost any kind of technological or manufacturing industry. The limited liability corporation has existed for hundreds of years for a very good reason. Heck, even things like shipping, the oldest insured industry, become impossible. Corporations used to have minimum capital requirements that were roughly in the region of a year's average income. https://www.doingbusiness.org/content/dam/doingBusiness/media/Annual-Reports/English/DB14-Chapters/DB14-Why-are-minimum-capital-requirements.pdf https://www.doingbusiness.org/content/dam/doingBusiness/medi... ("corporation has too much money" and "individual has too much money" are different problems; Elon Musk is a problem in the way that Apple isn't)
  • renewiltord 8mo ago
    And has life gotten better in those years? These days Elon Musk and Sundar Pichai are stealing all of our work. Back in the day, a father could take his kids on a grand tour of Europe and discuss philosophy in the cafes of Vienna all on a single income.
    • tekla 8mo ago
      > And has life gotten better in those years? Almost immeasurably better
      • renewiltord 8mo ago
        In the 1800s almost no one lived in their cars. These days thousands of people do.