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The question is where the limits of liability and rewards are. I don’t think the sky high executive salaries that have developed over the last decades are the
by Ididntdothis 7y ago
The question is where the limits of liability and rewards are. I don’t think the sky high executive salaries that have developed over the last decades are the foundation of modern capitalism.
- pwinnski 7y agoThere's an enormous gap between undoing limited liability and egregious compensation. Many people agree that over-compensation is a problem, but undoing limited liability spells the end of anything like a market economy, and takes the US dramatically backward. My parents just filed for bankruptcy because the Trump tariffs killed their import business. Should they also be homeless now? That's what comes of what you originally suggested.
- Ididntdothis 7y agoDid your parents or their company do illegal things on a large scale?
- pwinnski 7y agoAs you've already been told, Limited Liability Corporations are part of the foundation of modern prosperity. That is a completely and totally separate issue from illegal activity, and your conflation of the two is incorrect. Illegal activity is already punishable, and the fact that it generally isn't punished is not at all related to limited liability, but to political will[0][1]. It does nobody any good to lash out without understanding the issues. [0] https://www.nytimes.com/2017/07/05/books/review/the-chickenshit-club-jesse-eisinger-.html https://www.nytimes.com/2017/07/05/books/review/the-chickens... [1] https://www.npr.org/2017/07/30/535799735/corporate-bungling-and-political-scandal-abound-in-jesse-eisinger-s-new-book https://www.npr.org/2017/07/30/535799735/corporate-bungling-...