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What about a "republic" (ie. a nation governed by laws) requires public registration of assets?
by codexb 2y ago
What about a "republic" (ie. a nation governed by laws) requires public registration of assets?
- williamcotton 2y agoA monarchy is also a nation governed by laws. I’ve answered your question in another response.
- codexb 2y agoA monarchy is generally not governed by law. A monarch typically has ultimate authority to govern as they wish. Sometimes, their power is limited, and sometimes they delegate the responsibility of governance, but a monarch is precisely the opposite of a republic governed by law.
- vundercind 2y agoIt also doesn’t require the government granting the privilege of incorporation.
- solidsnack9000 2y agoNo, it doesn't; but it turns out that you end up with a much poorer society without it. The king did not come up with incorporation merely to amuse the incorporators; it was to tax them and take loans from them, and that's because there was enormous economic activity they could undertake once there was a liability shield.