To bring back competition, for sales greater than 5% of market share or $100 million, should companies be taxed the rate of their market share?

[Kelley1]

Competition of many small businesses results if far better service. Without competition, power transfers from consumers to large corporations. The result is high prices and lousy service.

Worldwide Microsoft Windows holds 70% share of the desktop operating system market. If they were charge a 70% tax on sales, they would have to triple their price or break up increasing competition.

Several years ago, we had two internet providers. After Cableone was purchased by Sparklight, email service and one day service change to no emails and 7 to 10 day service by both. If either continued to provide good service, the other would be forced to. I believe they conspired to cut cost for each.

Years ago, there were many small pharmacies. You could walk-in with a prescription and have if filled in five minutes. Now with just several large pharmacies, it is long lines and hour-long waits.

[SixFootSexy]

You're forgetting a little thing called "lobbyists" who actually make the rules around here.

This works for all companies who really don't compete with each other, because they have deals behind closed doors to not run the others out of business. Same bankers fund them all: Blackrock.

[MisterWack]

Yes!

Competition fuels innovation , brings up quality , and ensures consumers an affordable price they can get behind.

[OlderAndWiser]

If a company does a good job of providing products and services to consumers at reasonable prices, their market share will increase. Under your proposal, the reward for being a responsible corporation is to be taxed at a higher rate. Is that the gist of what you are proposing?

[Kelley1]

Large corporations use the government to make it impossible for small businesses to compete.

[Effably]

The true problem is probably tax avoidance. I get paid to do that at times.

To put it in simple terms Jeff Bezos for example was subject to a true tax check-up for 2014-2018. It was found he paid less than 1% in tax.
If he paid according to the national US standard he would have paid up to 37%.

Companies operate the same way. Amazon, to stick to Jeff Bezos for example operates on a ideology of not earning profit. It is a VERY interesting concept for someone interested in it and you can absolutely trick an economist to talk for an hour about it. But the bullet point is that you have a massive entity that pays exceedingly little tax, they do pay some, while cornering a giant share of the market.

Microsoft is, shockingly, one of the good guys historically. They have also been losing market shares quickly. Apple basically figured out a way to make their laptops better and the last few years went from an expensive brand to flat out better in every way. The market slowly reflects it.

So rather than crippling large companies we should just ensure they compete in an actual fair way.

Tesla for example paid 0 tax in 2024 and was given 7 billion in state subsidies alone. So not only are they paying absolutely zero tax they even take money from taxpayers. And do they give it back? No. It goes into their pockets. Theft in broad daylight. That is not capitalism or competition. Letting big companies fail when they fail and demanding they actually pay their share is step one. Its silly that You are paying more money in taxes each year than many billionaires and top 100 companies.

[AviatorTom]

Why do you want to tax success, which is a disincentive to try to succeed? We should encourage companies who become successful, subject to anti-monopoly regulations of course.

Remember that when companies get taxed, it's not the company shareholders who pay, it's the company's customers. And that's the middle class.

[slatyb]

Where do you live? I have never waited an hour for a prescription. Also I get much better service and selection from Amazon than I ever did with local retailers. In 30 seconds I can order exactly what I want, and it's delivered within 24 hours.

[Avicenna]

That’s ridiculous. Just enforce antitrust law and lower barriers to competition in industries that need it.

[DryGermanGuy]

It’s an interesting idea, but I can’t imagine how this would be implemented in the praxis. Apart from getting it into legislation.

[noohair]

You want to punish success? That is what communism wants.

[beefcakebradybatson]

BY ALL MEANS !!!