The entire idea behind a corporation is to separate the debts of the firm from the debts of the owners of the firm. The firm is legally considered a distinct person. It incentivizes entrepreneurs to take risks knowing their personal wealth is protected if it all falls down, and investors know they're only entitled to the firm's assets and not the founder's assets.
Without that kind of separation, who'd want to start multi-billion dollar industries like oil, mining, chip manufacturing etc. and possibly own nothing for the rest of your life if it fails? If this happened in America, companies would move out and the business's American transactions would probably be insured, making everything very expensive. I could see other businesses getting uneasy over this and foreign firms moving out.
Are we supposed to care?
Billionaires have the power to fix things. But they don't. They can go fuck themselves, hard.
The entire idea behind a corporation is to separate the debts of the firm from the debts of the owners of the firm. The firm is legally considered a distinct person. It incentivizes entrepreneurs to take risks knowing their personal wealth is protected if it all falls down, and investors know they're only entitled to the firm's assets and not the founder's assets.
Without that kind of separation, who'd want to start multi-billion dollar industries like oil, mining, chip manufacturing etc. and possibly own nothing for the rest of your life if it fails? If this happened in America, companies would move out and the business's American transactions would probably be insured, making everything very expensive. I could see other businesses getting uneasy over this and foreign firms moving out.
All those rich fags should start using their money to fix things then.
Fuck I care if rich idiot selfish losers can't get off their asses from in front of the brainwashing box to lift a finger. "But muh corporate rights"
Dude if the companies go, there will be mass unemployment. Not everyone works for the government.
I don't care. At all.
Those are rich people problems.