I don't think the problems of US corporations are due to being over-capitalized, they're all to do with interactions with the political and media sphere plus unnecessary conflict with the staff.

That's too arbitrary, and you say that as if a billion dollars is a lot of money.

It's not.

There was a time when millionaires were considered 'rich'. Now that's just a retiree, in most housing markets, who's paid off a house. Or even a townhome... and in some places, a condo!

It doesn't matter "whether it should" cost that much, that's irrelevant for my example. The point is, being a millionaire isn't a big deal. It's common. It doesn't mean wealthy.

Likewise when a company is large, and has infrastructure all over the world, and is worth much of a T, a B is nothing. Cash reserves in the billions is really not all that much, just fiscal prudence.

An alternate is that "banks should get free money, by forcing all companies to borrow money for capital projects". Because if you tax companies for "wealth", then they'll just spend all that capital on loan payments.

I feel people have such weird ideas about taxation. People see "oh no, someone has free money!" then get excited and want to tax. What? The goal of taxation isn't "take money from anyone we can", nor is it 'wealth redistribution', it's instead 'how to pay for joint projects' that all of society benefits from.

Losing track of that last bit, is when people stop asking "should we tax" and instead say "they have money, so tax"