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by fooker 30 days ago
What's your proposal for changing this? Government regulation?
3 comments

If we declared concentration of too much wealth in an individual a national security issue, there is no end to the kinds of levers we could pull. I’m hoping things like this will be the natural consequences of allowing the current administration to run almost unchecked.
This approach is basically crying wolf, only works once or twice.

After that ‘national security issue’ becomes a running joke. A bit like calling everyone a terrorist, or (very fashionable in the 1960s) communist to achieve your goals.

Promoting an environment in which worker-owned companies might thrive could help. (ie favorable business loans or other ways of securing capital other than private investment)
Eh, less of new regulation and just more of actually enforcing anti-trust.

Hard to overpay the CEO when you're facing actual competition.

Competent CEOs get paid more when you are facing actual competition, because otherwise your competition will hire your CEO.
Except that if you don't pay the line workers very much they also leave ...

You can shaft TSMC works pretty well because where they going to go? Intels fab?

That's kinda a story behind China's start into fabs is "poaching" TSMC workers.

My argument is more of a rising ships than a falling CEO; overpay being relative.