▲ | octoberfranklin a day ago | |
> 4. Enforce antitrust laws. / Break up monopolies. I've given up hope of politically-appointed prosecutors ever doing a thorough and effective job of this. Sure there are some high-profile cases (AT&T, Standard Oil, Microsoft (almost), Google (maybe), etc) but the vast majority go unprosecuted. There are really only two ways to fix the antitrust disaster: 1. Private right of action (like RICO) for the Sherman Act -- let nonprofits and individuals file the charges. This takes the implicit pardon power away from politically-appointed prosecutors. 2. Graduated corporate income tax, which creates a natural diseconomy of scale. The income tax code already contains a decades-old mechanism (search for "common control" in the IRC) to prevent evasion using shell-company shenanighans. It's very well tested, it works, and it has been working since the 1980s -- mainly to prevent US persons from evading the extra requirements for owning controlling interests in foreign corporations. | ||
▲ | ohashi a day ago | parent | next [-] | |
I believe there is a private right of action on anti trust. If you're really interested in it, I suggest subscriber to https://www.thebignewsletter.com/ | ||
▲ | Bolwin 9 hours ago | parent | prev [-] | |
Lina Khan was doing pretty good |