Regulations and extremely high fines for breaking those regulation. In worst case, lose the right run a business in the future. The EU is getting closer to real fines, in terms of how large they need to be. The idea of using X% of turnover is good, but 4% isn't high enough.
In the case of companies like Amazon, force them to negotiate with unions.
How many Meta or Amazon size companies do you think the US government would need to shutdown for the industry to take notice? My guess is about two. Just close it down and let the shareholders take the lose. That way shareholders of other companies will insist that rules are followed. The government can sell of the assets and make some money that way.
> Regulations and extremely high fines for breaking those regulation
So say Musk gets convicted of "egotistic behavior", however that works, and he's hit with an extremely high fine. How is he supposed to be able to pay that fine without having to "offload a crazy amount of assets, including stocks", which according to you would be the problem?
Seems while the approaches are different, you'd still be in the same boat as if it was just taxed from the beginning, except you don't involve the judicial.
> How is he supposed to be able to pay that fine without having to "offload a crazy amount of assets, including stocks", which according to you would be the problem?
That's only a taxation issue, we where no longer talking about that. We where on regulation poor behaviour, which I suggested we do via punishment. In that case I do not care if his business is ruined, in fact that might be my explicit goal. For taxing I would want to be able to tax him year after year.
But you still haven't come up with any alternative approach for addressing "the increasingly egotistic and damaging behaviour" that doesn't involve taxation in some form, which is explicitly the thing you think could be done better.
What kind of punishment? Are you suggesting jail time for "egoistic and damaging behaviour", or what the is the concrete alternative you're actually suggesting?
No I suggested that in the worst case you remove their rights to run a business ever again. Force close their companies and sell of the assets. If you consider a fine a tax, then sure it's taxation.
For "normal" taxes I would like to avoid undermining peoples business, but for fines I don't care. If you need to take a massive lose on your assets to pay the fine, I don't care, you should have thought of that.
Transfer assets to the tax authority at current market value minus discount, to satisfy his tax bill, then have those assets required to be sold to the public market over time?
Or he's welcome to borrow against his own assets and pay in cash.
In the case of companies like Amazon, force them to negotiate with unions.
How many Meta or Amazon size companies do you think the US government would need to shutdown for the industry to take notice? My guess is about two. Just close it down and let the shareholders take the lose. That way shareholders of other companies will insist that rules are followed. The government can sell of the assets and make some money that way.