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pifm_guy | 3 years ago

I think no company should be allowed limited liability/bankruptcy protection.

If a company can't pay its debts, the shareholders should be required to pay.

discuss

order

JumpCrisscross|3 years ago

> the shareholders should be required to pay

We had this. For millennia. It simply makes equity impossible. Instead, you have proprietors who get loans--all investment is debt.

chordalkeyboard|3 years ago

> It simply makes equity impossible. Instead, you have proprietors who get loans--all investment is debt.

this is not true. investors are merely incentivized to be more careful about who they trust with their money.