Richard Stallman's Solution To 'Too Big To Fail'
lcam writes "A Richard Stallman opinion piece appears at Reuters addressing the 'Too big to fail' view that has recently caused large corporations to be bailed out by taxpayer dollars. His solution is elegant: 'We tax a company’s gross income, with a tax rate that increases as the company gets bigger. Companies would be able to reduce their tax rates by splitting themselves up.' However, it could use some refining. For example, his measure would create a required minimum 'Return on Investment' scale that corporations need to follow to be viable, and these types of metrics are very industry specific. Another issue is that many large corporations stay in business because they don't take unnecessary risk. Companies like Intel, Lockheed, Walmart are very large and have a very low chance of failure, yet Stallman would have them split up as a result of the excessive risks that banks and insurance companies were seen to have taken. It also has the potential to cause problems with the global market; ...
business
corporations
insurance
intel
investment
lockheed
opinion
reuters
richard stallman
solution
walmart
Found more than 1 month ago on channel
Slashdot
Federal Flood Insurance Program Running Out of Money
With insurance claims from Hurricane Sandy pouring in by the thousands each day and damage from the storm potentially reaching $7 billion, the debt-ridden federal flood insurance program may run out of money. Hurricane Sandy is on track to be the second worst-insured flood in US history, Reuters reports , second only to Hurricane Katrina.
hurricane sandy
insurance
katrina
reuters
Norwegian gallery loses a Rembrandt in the mail
OSLO (Reuters) - A Norwegian art gallery lost a Rembrandt etching worth up to $8,600 in the mail after trying to save money on courier and insurance costs, the gallery's chief said on Thursday.
insurance
norwegian
oslo
rembrandt
reuters
Found more than 1 month ago on channel
Reuters
French bank woos women with handbag insurance, handyman hotline
PARIS (Reuters) - What does every woman want? One French bank thinks it knows the answer: Handbag insurance and a handyman hotline.
french
insurance
paris
reuters
Found more than 1 month ago on channel
Reuters