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by andrewpolidori 810 days ago
This just isn't true though. Do you mean to say thay legal remedies are more accessible to the rich? Every single small business owner benefits from the liability protections of corporations. If my business burns down and it's not fraud or something then I am not personally liable, nor should I be.
2 comments
yau8edq12i 810 days ago
Your business burning down isn't the same as you, as (I assume) ceo of your company, acting knowingly in a way that causes death and illness to other people. This thread is about the fact that limited liability shouldn't protect you from the second scenario. Your comment is off topic.
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andrewpolidori 810 days ago
> Corporate entities and the legal protection they provide are accessible to only the wealthy and elite.

This is the part of the previous comment to which I was responding, giving just one example of how it's not the case. Limited Liability corporations protect business owners of all wealth levels. Just correcting a patently false claim.

I understand your concern about thread topic, but it's just not really applicable to my point above.

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asadotzler 810 days ago
Your point above was not topical and only served to derail the conversation or gaslight the people who you mislead with it.
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NoPicklez 810 days ago
I don't think so, I think it was topical just perhaps not in favour of your view.

The person they were replying to and to which their point related to, was very much narrowing down and exaggerating corporate entities to a "small group of people" of the "wealthy and elite".

While these larger corporations limit larger amounts of liability, most people can create a business and have it as a company, giving them limited liability. Yes, large corporations have the money and resources to better limit their liability than a smaller corporation.

They weren't disagreeing with that person, but providing a more balanced view in which liability limitations benefit companies of all sizes, not just larger ones.

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stonogo 810 days ago
Why would anyone believe that legal remedies are not more accessible to the rich? That's the foundation of the cash bail system, among many, many other differences.
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