Douglass Carmichael wrote: > Tweaking the > charters towards some modest form of bias away from concentration is just a > correction on the existing dependence of corporations on state regulation. If the idea is to avoid the fragile concentration of power in the hands of a small number of mere mortals (e.g. leaders that do dumb things and impact many people for the worse), more changes than just the tax codes (e.g. heavily taxing profits) would be needed as there'd still be the possibility of reinvesting the earnings in the companies themselves. The ways in which unregulated reinvestment could occur might easily result in a different sort of concentration of power.
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