Elizabeth Warren Proposes Breaking Up Tech Giants Like Amazon

Re:Elizabeth Warren Proposes Breaking Up Tech Giants Like Am... by CPLX on Friday March 08, 2019 @11:12AM (#19338814)

The argument that there won't be incentives for success is and has always been ludicrous. It's not based in any kind of empirical reality, just on an emotional theory that people won't work if you tax them more, and an Ayn Rand novel or two.

The reality is that people compete for status, success, money, and power, within the framework they are given.

I mean we've actually tried this. If you take a group of incredibly skilled business people and tax them heavily you don't get some dystopia, you get Switzerland.

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Re:Elizabeth Warren Proposes Breaking Up Tech Giants Like Am... by davidgay on Friday March 08, 2019 @12:13PM (#19339530)

I'm not sure that a country without capital gain taxes (Switzerland) is the best example for highly taxing successful business founders...

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Re:Elizabeth Warren Proposes Breaking Up Tech Giants Like Am... by CPLX on Friday March 08, 2019 @12:29PM (#19339742)

True, but also the Swiss have a direct tax on corporate capital, a VAT, a policy of taxing capital gains as regular old income for professional investors, plus many other subtleties and differences that don't fit on a bumper sticker. I think my point stands.

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Re:Elizabeth Warren Proposes Breaking Up Tech Giants Like Am... by CamperBob2 on Friday March 08, 2019 @01:01PM (#19340168)

I mean we've actually tried this. If you take a group of incredibly skilled business people and tax them heavily you don't get some dystopia, you get Switzerland.

And what important/useful companies, tech or otherwise, got their start in Switzerland?

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Re:Elizabeth Warren Proposes Breaking Up Tech Giants Like Am... by onemoresoop on Friday March 08, 2019 @04:03PM (#19342145)

There are many examples, but here's one: Logitech

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