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Setting aside the arguments to be made for/against the idea, and focusing on the implementation instead: most investments are handled through some sort of limit
by phphphphp 4y ago
Setting aside the arguments to be made for/against the idea, and focusing on the implementation instead: most investments are handled through some sort of limited liability vehicle and so even if the “investor” was held responsible it would not necessarily impact the human(s) that stood to gain.
- zeroonetwothree 4y agoI suppose we need some criminal law in that case.
- beefield 4y agoAt a minimum, tax code should be changed to discourage limited liability corporation forms. Personally I'd also like to see that limited liability as a concept would be forbidden in many/most industries/cases. In Brazil the management and owners of a bank may be held liable if bank fails even without wrongdoing. And I think there has not been many failing banks in Brazil... https://www.economist.com/finance-and-economics/2013/05/04/blind-justice https://www.economist.com/finance-and-economics/2013/05/04/b... (Paywall, check google cache)