4 ms·

Most of the value gains of companies in the current economy occur before a company IPO's and shares are available to the general public. If regular people are t

Most of the value gains of companies in the current economy occur before a company IPO's and shares are available to the general public. If regular people are to be able to invest successfully then they will need access to invest in those companies. The JOBS act tried to help facilitate this, but by making it easier for companies to wait to IPO, it seems to have just made it easier for accredited investors to reap the benefits of their special status for even longer periods of time. While this law may help with shutting down some corrupt entities, I fear it will prevent many new possible ways for normal people to invest in the last remaining sector of the economy producing any decent returns. Would an ETF of a large number of start-ups be allowed under this law? Also, attaching a bunch of non related stuff to huge bills like defense appropriation is really an annoying to me, but I guess that is how the sausage gets made.

JumpCrisscross 6y ago
> non related stuff to huge bills like defense appropriation An inspiration for this bill was mitigating circumvention of the Magnitsky Act. Americans using shell companies may evade taxes. Foreign entities using shell companies may evade our counterintelligence.
- anonymouse008 6y ago
  > Americans using shell companies may evade taxes. Foreign entities using shell companies may evade our counterintelligence. Americans use incorporated entities to buy assets to limit their personal or corporate liability in operating businesses. This requires all of those to be queried for beneficial ownership - for what reason? Anonymous Shell corporations is being used synonymously with legitimate holding companies because it markets the cause well - greater tracking on who owns what.
  - JumpCrisscross 6y ago
    > greater tracking on who owns what This is transparently the intent of the bill.
    - deleted 6y ago
      [deleted]
  - eli_gottlieb 6y ago
    God forbid the government charged with enforcing property law know who owns what!
    - anonymouse008 6y ago
      Public Courts are so good we chose to use private arbitration!
      - eli_gottlieb 6y ago
        You're ultimately still relying on the public men-with-guns to enforce anything binding, so suck it up and get back in the public courts.
        anonymouse008 6y ago
        That’s quite a large assumption on who would win those battles - and further how they really have to be enforced - pen mightier than the sword, or some such. Btw - fun ‘spar.’ I respect your thinking, just disagree slightly
- AnthonyMouse 6y ago
  > Americans using shell companies may evade taxes. This is a general problem with the tax code. Fix what Apple does, which needs to be done anyway, and you don't have this problem. > Foreign entities using shell companies may evade our counterintelligence. Isn't a foreign counterintelligence service just going to list a straw man as the beneficial owner?

JumpCrisscross 6y ago

> non related stuff to huge bills like defense appropriation An inspiration for this bill was mitigating circumvention of the Magnitsky Act. Americans using shell companies may evade taxes. Foreign entities using shell companies may evade our counterintelligence.

anonymouse008 6y ago
> Americans using shell companies may evade taxes. Foreign entities using shell companies may evade our counterintelligence. Americans use incorporated entities to buy assets to limit their personal or corporate liability in operating businesses. This requires all of those to be queried for beneficial ownership - for what reason? Anonymous Shell corporations is being used synonymously with legitimate holding companies because it markets the cause well - greater tracking on who owns what.
- JumpCrisscross 6y ago
  > greater tracking on who owns what This is transparently the intent of the bill.
  - deleted 6y ago
    [deleted]
- eli_gottlieb 6y ago
  God forbid the government charged with enforcing property law know who owns what!
  - anonymouse008 6y ago
    Public Courts are so good we chose to use private arbitration!
    - eli_gottlieb 6y ago
      You're ultimately still relying on the public men-with-guns to enforce anything binding, so suck it up and get back in the public courts.
      - anonymouse008 6y ago
        That’s quite a large assumption on who would win those battles - and further how they really have to be enforced - pen mightier than the sword, or some such. Btw - fun ‘spar.’ I respect your thinking, just disagree slightly
AnthonyMouse 6y ago
> Americans using shell companies may evade taxes. This is a general problem with the tax code. Fix what Apple does, which needs to be done anyway, and you don't have this problem. > Foreign entities using shell companies may evade our counterintelligence. Isn't a foreign counterintelligence service just going to list a straw man as the beneficial owner?