Quote:
Originally Posted by Just a guy
Not necessary just a consequence. I can't believe that I am arguing on the side of corporations (no billionaire is without one that I can think of), but many people require them to be employed and to maintain our standard of living.
Is your position that once a person gets to the arbitrary line they must give up what they built? I am sure that the system is not perfect, but I am not hearing anything that is reasonably any better and in most cases would be worse.
Again not a big fan of corporations but that horse left the barn a long time ago.
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Not give up. Be taxed at the rate of growth that the market regularly returns to prevent the long term concentration of capital. And as already discussed they could maintain control if you are concerned about that in a similar way to the Rogers or Shaw families did.
That’s just it if they are an unnecessary consequence of capitalism why not tax them out of existence. (I realize the wealth flight problem but this is a philosophical question rather than a practical one)