When a company is that big and that impactful (despite being a for-profit company), it is in interest to the general public that there are some checks and balances in place.
For me, the best scenarios is governments involve themselves as they involve themselves in other areas of business:
- telecommunications and utilities (Verizon)
- transport (Uber has different treaties/operating models in different countries)
- online marketplaces (Google)
Only through treating these behemoths as providers of "public goods/utilities" via our governments, can we have them not regressing to what any monopoly would naturally regress to: arrogant hands-twisting thugs, not afraid to exploit their users for every penny.
Keep in mind that governments already DO involve themselves in the business (mal)practices of these tech giants. For example, Tesla's new cybergarbage is unlikely to pass a scruitiny in the EU due to pedestrian safety/impact concerns. Google/Facebook/Instagram all have to respect the GDPR and its US cousin the CCPA, etc, etc. If it wasn't for measures like this, you'd not have "do-not-track" options in your browser, nor would you have adblockers in the Google play store...
I simply want MORE, quicker and better government involvement into anticompetitive practices that (mostly) US tech giants use.
- go to it's pre-aggressive-ablocking-removal state
- pay the content creators better
- moderate better so people like Andrew Tate, Alex Jones, etc don't get a platform
- Organized action in all Nordics vs Tesla, where Musk thought he can simply do whatever he wants to the workers and their wages and not negotiate with the unions: https://www.theguardian.com/world/2023/dec/05/danish-union-j...
- FTC finally chasing telecoms for the insane prices of broadband in America https://www.techdirt.com/2023/12/12/the-telecom-industry-is-...
As you can see, both organized worker action and government oversight work very well to curb greedy companies. So please, when you see people outraged and trying to organize, if you don't want to join, don't, but don't try to tell people to 'just accept it', because we won't. We are angry and have had it up to here with corporate greed.
Organized action and government regulation work!
I think if you are above 500k yearly income, the taxation rate should be something around 80-90% on every cent above that threshold.
If I was earning more, I would not mind sharing an ever increasing percentage of that in terms of taxes. I don't need 20 houses and 20 cars, and my own rocket, no individual person needs that. People like that should not be allowed to exist by the government.