| ▲ | AnthonyMouse 5 hours ago | |||||||
Everyone wants to tag the evil with their opposition's name. The evil is concentration of power. But no one wants to call it that because then they can't pretend that it's something different when they're doing it themselves. Witness the people who keep proposing to solve market consolidation with higher taxes. Higher taxes go to the government, and therefore the interests that have captured the government. Are we going to solve it by taking money from Warren Buffet and giving it to Larry Ellison? Do we benefit from increased funding for Palantir? No, you have to break up the consolidated markets through some combination of antitrust enforcement and peeling back the regulatory capture that prevents new competitors from entering the market. | ||||||||
| ▲ | anon7725 3 hours ago | parent | next [-] | |||||||
> Higher taxes go to the government, and therefore the interests that have captured the government. There is at least a chance for it to be redistributed, unlike private wealth. | ||||||||
| ▲ | esseph 3 hours ago | parent | prev [-] | |||||||
I'd argue we need both massive antitrust, and higher taxes on the wealthy to prevent them from amassing the power to prevent the antitrust. | ||||||||
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