this post was submitted on 17 Oct 2024
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I don't know if this will be a big issue for small businesses. But in any case where there is construction of multiple companies in a structure to separate profits and losses for fuckery with taxes and fines, I think I would also be OK with that whole structure being seen as one entity and treated as such.
The billionaire class however is uniquely adept at this kind of fuckery and wield an ungodly level of power, only surpassed by governments. And I think governments need to be careful that these assholes don't get too much power.. so it's high time they take them down a peg.. or 10.
It will be an issue because your average citizen won’t be so willing to start a new business if they know the government can come after their personal funds as a consequence of something that was done at the company level.
Who said personal funds. Are you arguing slippery slope or moving the goal posts?
You are going for the assets of the owner, which are unrelated to the company in question. Effectively devaluating companies that are not the infringing one, which directly affect the person’s net worth. This is no different than the government straight up taking money from your investments or 401K.