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Reply #25: Great idea - we also need to remove limited liability [View All]

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InvisibleBallots Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-25-04 09:37 AM
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25. Great idea - we also need to remove limited liability
It's the fact that "passive investors" can rake in the profits when a corporation is doing well, but are not responsible for the damage that the corporation causes, that is a lot of the the problem.

Ending "Corporate Personhood" would get rid of a lot of the exemptions that corporations get from case law, but ending limited liability will ensure that the owners of the corporations - the shareholders - will have a financial incentive to make sure the corporation isn't committing illegal acts that would potentially make the liable for damages.

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