alt Hacker NewsIf no corporation is allowed more than 1 million dollars (10 years of median income) then 10 average people can counter a single corporation. That’s a good ratio.
If no corporation is allowed more than 1 million dollars (10 years of median income) then 10 average people can counter a single corporation. That’s a good ratio.
It's also impossible to have a larger business than a restaurant, or almost any kind of technological or manufacturing industry. The limited liability corporation has existed for hundreds of years for a very good reason.
Heck, even things like shipping, the oldest insured industry, become impossible. Corporations used to have minimum capital requirements that were roughly in the region of a year's average income. https://www.doingbusiness.org/content/dam/doingBusiness/medi...
("corporation has too much money" and "individual has too much money" are different problems; Elon Musk is a problem in the way that Apple isn't)