alt Hacker NewsSo you want to stop or severely disincentivize productive uses of capital?
Sounds like a great way to throw the economy into a depression.
So you want to stop or severely disincentivize productive uses of capital?
Sounds like a great way to throw the economy into a depression.
We currently live under the misapprehension that a company growing from a value of $100 million to a value of $1 billion is a "productive use of capital". My contention is that in general that is not true, and that kind of growth from big to bigger is harmful. We want to disincentivize the concentration of growth and capital in already-large companies, and incentivize the diffusion of wealth in many small enterprises that never grow huge.