>>After all, we know disruption and innovation rarely comes from big incumbents. Tax the shit out of them and turn that into funding and options for the rest.

>>After all, we know disruption and innovation rarely comes from big incumbents. Tax the shit out of them and turn that into funding and options for the rest. Making it less likely that companies become very large, profitable and valuable discourages investment in companies of all sizes, by reducing returns on small cap and venture capital investing. As for direct effectd, "taxing the shit out of" the rich, as you suggest, would impact far more than large incumbents. It would reduce the incentive for the rich to invest in general, by reducing the size of the reward for becoming very wealthy, encourage capital flight and expatriation of the highly ambitious and capable, and reduce the after-tax income of the best investors, and with it, the volume of new investment.