Hacker News Reader

Have the state pay everyone's wages and (eventually, with wealth tax) own all major industries... this is supposed to reduce consolidation how?

View on HN

What do you think reduces consolidation? Genuinely curious. I think there are other strategies that will work, but taxation is extremely effective at reducing variance of wealth distribution.

What reduces consolidation ultimately is a real recession. Not these fake ones we have had in recent times which get propped up with QE, but a real recession. The type that kills big companies.

Then in the ashes you will get a verdant crop of new companies started by fresh people and a new period of massive growth with follow.

Might not be a cost that people actually want to pay though.

Reply on news.ycombinator.com