Big business got too many free kicks in 2020, and it wasn’t the first time.
Amazon, major supermarket chains and big box stores have been able to keep operating while many small businesses have been closed down.
The big boys have also been getting obscene amounts of ‘stimulus’ from the government while little guys got bugger all.
Here are a few random ideas that might even things up a bit. I have no idea if these are good ideas or not, nor whether they are practical. With that said, here we go:
Tax small business at a lower rate than big business out of the assumption that MegaCorps will use their massive resources to dodge as much tax as possible.
Reward companies assessed to have paid their fair share over many years by giving them a ‘good faith’ discount.
Labour standards such as minimum wage, holidays, health and other benefits should be required more strictly of big business than small business.
When any dispute comes to court or arbitration, there should be a policy of ‘preponderant consideration’ given to the smaller party in recognition of their extremely weak position, i.e. contractors who’ve claim they’ve been ripped off or small businesses suing giants for copyright violations.
The small fella should not normally be required to pay costs (as this is often used as a threat to bankrupt them), and courts should view sternly any misuse of their time to intimidate weaker rivals through spurious claims.
The same skew should apply in defamation cases: little guys should have a bit more leeway in making accusations against the great and the good, and should be offered additional protection in case a someone like Elon Musk calls you ‘Pedo Guy’.
If stimulus is used, it should be focused on households and small business, not big business out of recognition that they always lean on their political connections to get more than their fair share.
When considering regulation of an industry, governments should automatically give additional weight to the submissions of small business and other stakeholders ahead of big business because of the well-known risk of regulatory capture – the major players love love love over-regulation as it forms a barrier to entry that staves off potential competitors.
Just some ideas. Any thoughts?