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Individual gains, collectivized losses
by Almondsetat 2y ago
Individual gains, collectivized losses
- robertlagrant 2y agoNo, everyone got paid who was working there. But if it'd worked, the profits would've been taxed. As it is, the losses are kept private.
- coliveira 2y agoLosses are always public, these investors will use the loss against gains and therefore will pay less taxes, reducing the amount of government revenue.
- lupusreal 2y agoCollectivized or public losses come into play when the government bails out failing companies so that shareholders don't get hosed for a bad investment. Shareholders getting hosed is the opposite of that; private loses.
- robertlagrant 2y agoYes, the government doesn't get to take your money if you made a loss. That's not the same as what you're implying. The investors lost.