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>> using a piece of the law that lets them calculate a fine based on revenue that also includes other companies Mr. Musk privately controls, like his rocket mak
by NotGMan 2y ago
>> using a piece of the law that lets them calculate a fine based on revenue that also includes other companies Mr. Musk privately controls, like his rocket maker, SpaceX.
So basicaly lets just use some stupid law that lets us randomly take into account all of the other property of a businessowner.
And then EU people wonder why no one wants to build companies in an environment like that...
- JumpCrisscross 2y agoCommon control is a deeply precedented concept. Otherwise you could avoid any consequences by splitting business across infinite entities. In any case, Musk is the last person to be able to complain about lawlessness.
- marcosdumay 2y agoLimited liability laws are not protection against the consequence for illegal acts. They are exclusively protection against economic risks.
- rsynnott 2y ago… I mean pretty much everywhere does this sort of thing to some extent. If you don’t, then companies will just put all their risky/liability-attracting activity in a notionally-independent entity with no assets.