Hi folks! After a couple of months of discussions around the topic, I have decided to go ahead and make the first actual anti-coporate community on lemmy, according to lemmyexplorer.org.
The idea is to make people aware of corporate abuse, dangers and further the movement to eventually cap corporations and individuals at 999 mil USD to rebalance the scales for the 99.9 % of the population and keep companies from becoming states.
Check it out on !anticorporate@lemmy.giftedmc.com or https://lemmy.giftedmc.com/c/anticorporate.
Feel free to debate me and others on the topic. I just ask you to stay constructive, I’m trying to help here.
Thanks for reading and have a good one!
I’m quite intrigued as to what our modern world would look with corporation’s - what? - assets? - capped at $999 milion. It costs about $120m to build a single container ship, a Boeing 737-700 costs about $89m, Amazon set aside $1bn to film its Lord of the Ring series.
Probably the end of multi-nationals, I guess. Interesting
Yeah, I’m not so sure about a specific hard cap on assets. I’ll need some greater explanation and/or convincing on that.
I would like to see a hard cap on registered securities: stocks, bonds, etc. I think any portfolio worth more than $16.7 million should have the excess taxed at 1%. That tax should be progressive, with a 100% top tier rate on everything over $1 billion.
Unlike tangible assets, securities don’t need to be sold off to pay such a tax. We can just transfer the excess shares to IRS liquidators, who can sell them off in monthly lots no larger than 1% of total traded volume.
I’m with you, all fictitious capital needs to fall in this category.
This is a great idea as well. I like it! Thanks for contributing
Cap it relative to the lowest paid employee.
Or perhaps the difference between lowest paid and the CEO.
Some sort of review/system to also incorporate subcontractors/companies etc, so a company cant be just C-Suite and everyone else subcontracted from another “company”
Result - massive rich corporation staffed by small insanely rich exec teams and everything automated.
That’s still more wealth spread than now
I don’t see how you argue that. Most companies today have some form of salary bill. Giving corporations a massive incentive to automate away lower paid jobs does not spread wealth.
I‘m very happy that you bring this up. It’s great to have questions to answer and think in many directions, often new ones.
I think this has been done before there were billionaires, both companies and people. Its called cooperation. The not vertically and horizontally integrated version of the companies we have today. A giant containership is a marvelous invention but you dont have to own 10 of these imo. You can rent them, you can have subcontractors that run their own ship and so on. Or am I missing something?
This is obviously just how I see it. Feel free to post this in the community as well to have many people look at it and discuss. Maybe we find solutions and maybe we need to correct our course on some things.
Do you have more examples like this?
This is a great point. “It doesn’t work under the existing paradigm” doesn’t mean it can’t work.
Thank you. I’m pretty curious at how this will turn out. We’re already seeing a ton of folks subscribing.
What if we took the CEO/middle management tax off every step in the process. Or made use of economies of scale to cheaply and efficiently provide people with a desirable comfortable standard of living. That could be guaranteed to them. Basic shelter, food and education completely taken care of. Empowering them to further themselves as much as they want to. And being free to work where they want to as much as they want to. Not forced to persist in a toxic environment for a paycheck that is still inadequate.
Its definitely a great idea. Both that and shareholder primacy are very bad for every other stakeholder (environment, community, employees and so on). Imo, if we forces companies to split up we would empower so many people, we might be surprised at how good it could become with our current state of technology. As you said, we might give up forced work alltogether.