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> For whatever reason, construction hits a snag or revenues are not enough to cover expenses, how would it become “society’s” problem? You declare bankruptcy.
by ceejayoz 10mo ago
> For whatever reason, construction hits a snag or revenues are not enough to cover expenses, how would it become “society’s” problem?
You declare bankruptcy. Your vendors who extended credit get hosed. Your employees go on unemployment benefits. Each of these costs money, and each of these reduces taxable income.
- lotsofpulp 10mo agoThose are not socialized losses. The aforementioned suggestions are a great way to kill any incentive to take risks and start a new business with one’s savings, further tilting the playing field to SP500 dominance.