Just once I’d love to see a major government force a company into bankruptcy by making them clean up their own mess.
Company: “We can’t clean up our industrial mining waste, it’s too expensive and we would go under!”
Government: okay well we will have the taxpayers pay for it. Here have a bailout. Remember, daddy loves you so much “Oh then I guess you should have factored that into your costs. Get to work. And when you have no more money to pay for others to clean it up for you, we expect to see the executives and management out there with gloves and a can-do attitude”
It happens semi-regularly.
Unfortunately it doesn’t turn out like you’d think.
The company immediately bankrupts itself, but all of its assets and funds are protected by S-Corp and LLC chicanery; so they end up paying less than they would have if they stayed afloat and got fined, and now they’ve got a “new” company with the same people doing the same thing that’s protected from lawsuits.
Because that’s how we designed the system.
And by we, I mean the oligarchs that keep us fighting among ourselves instead of at them.
Awesome when humans litter and then go “Nah, too expensive to clean up…”
Just once I’d love to see a major government force a company into bankruptcy by making them clean up their own mess.
Company: “We can’t clean up our industrial mining waste, it’s too expensive and we would go under!”
Government:
okay well we will have the taxpayers pay for it. Here have a bailout. Remember, daddy loves you so much“Oh then I guess you should have factored that into your costs. Get to work. And when you have no more money to pay for others to clean it up for you, we expect to see the executives and management out there with gloves and a can-do attitude”It happens semi-regularly. Unfortunately it doesn’t turn out like you’d think.
The company immediately bankrupts itself, but all of its assets and funds are protected by S-Corp and LLC chicanery; so they end up paying less than they would have if they stayed afloat and got fined, and now they’ve got a “new” company with the same people doing the same thing that’s protected from lawsuits.
Because that’s how we designed the system.
And by we, I mean the oligarchs that keep us fighting among ourselves instead of at them.