I can relate. But its like getting an addict off their favorite hard drug. The fewer companies we target with this, the easier we make it happen. This should already take care of the worst offenders than can put pressure on countries. Next, we bar them for participating in thinktanks and other „legal“ ways of market manipulation.
Breaking them up under diverse ownership makes it a lot harder to align them, which is the goal here.
No corporate law has ever been simple so a lot of nuance needs to still be added to this.
Since you have a german tld, I assume you know a bit of german law. We have the „aktiengesetz“ which links companies through management, ownership and family. This would work perfectly for something like this.
Of course a company like starbucks could still try and break into 105 companies which need to be owned by 105 individuals with 105 CEOs and 105 different offices… but I guarantee you its a lot harder to manage than now.
that is a nice first step. the difficult part is to close the loopholes here such as individuals distributing their wealth to charities, other companies etc which they don’t own (financially) but has %100 exercise power over. I think individuals should also not be allowed to be even remotely affiliated to more than one organization that holds more than 999mil$.
Companies and individuals should not be allowed to hold more than 999 mil $ in assets, including other companies.
I’d say even less tbh, though I’m not exactly well informed about finance and business other than that it gets more sketchy the more they hold
I can relate. But its like getting an addict off their favorite hard drug. The fewer companies we target with this, the easier we make it happen. This should already take care of the worst offenders than can put pressure on countries. Next, we bar them for participating in thinktanks and other „legal“ ways of market manipulation.
So Companies will establish even more shell companies to hold their excess assets. Nothing gained.
so lets keep everything like it is.
No thanks.
Breaking them up under diverse ownership makes it a lot harder to align them, which is the goal here.
No corporate law has ever been simple so a lot of nuance needs to still be added to this.
Since you have a german tld, I assume you know a bit of german law. We have the „aktiengesetz“ which links companies through management, ownership and family. This would work perfectly for something like this.
Of course a company like starbucks could still try and break into 105 companies which need to be owned by 105 individuals with 105 CEOs and 105 different offices… but I guarantee you its a lot harder to manage than now.
that is a nice first step. the difficult part is to close the loopholes here such as individuals distributing their wealth to charities, other companies etc which they don’t own (financially) but has %100 exercise power over. I think individuals should also not be allowed to be even remotely affiliated to more than one organization that holds more than 999mil$.
Something like that, yes. I agree its only a first step but it should become a mantra for it to become reality, if you catch my drift.