I don’t think even the most annoyingly fake- progressive Democrat is gonna vote to abolish the FDIC. I’m not even convinced that every republican would do so.
I don’t think even the most annoyingly fake- progressive Democrat is gonna vote to abolish the FDIC. I’m not even convinced that every republican would do so.
See 2 comments ago. Nobody except the ultra rich could afford to go into business if it meant risking all of their personal assets.
And like already mentioned: it’s not less liability, it’s separate liability. Misconduct as a business (which may not even be the owner’s fault, it could be an employee’s) can risk all of the business assets, but not personal assets owned outside the business.
Because the line does need to be drawn somewhere. You can’t just go out, cause harm to someone, and then claim “Oh, that harm was done by my company, not me personally. Incidentally, my company only has like $20 in assets for you to recover.”
The paperwork also doesn’t entirely grant you the limited liability. You need to actually operate the company as a separate entity from yourself. If you “piece the veil” between individual and company, you may not be able to claim limited liability in court.
Because if we didn’t have such protections, the ONLY people who could ever afford to go into business are the already-super-wealthy.
Nobody would ever open a small business if it meant risking the roof over their childrens’ head.
This is insurance manifest!
Factorio has seen tons of bugs in its development. It just so happens that the developers are some of the most effective bug squashers in the world of software development.
Kerbal “mod spaghetti” program
Well that’s one of the sentences of all time.
There’s a nice whiskey in my cabinet I haven’t had occasion to pop open for a while…
I was gonna say, that sounds like the modus operandi at his one company that’s legitimately successful underneath the hype.
I think it’s just a symptom of “people”.
This is one of the stupider “50 countries in a trench coat pretending to be one country” things we have going on. There’s no reason not to require plates on both the front and back bumper, especially when it’s opening the door for confusion with fake plates on the optional bumper.