The fact that we create asset holding vehicles to insulate them from liability cascades, does not mean that in order to act, someone or some group doesn’t act on behalf of the members of that asset store.
Source date (UTC): 2020-01-27 19:38:13 UTC
Original post: https://twitter.com/i/web/status/1221880107306029056
Reply addressees: @CorwinElder @FrostieCash @clairlemon
Replying to: https://twitter.com/i/web/status/1221879403543695367
IN REPLY TO:
Unknown author
@CorwinElder @FrostieCash @clairlemon That’s a sophistry Corwin. There is always and everywhere an owner of an entity. And a corporate entity exists solely as a means of limiting the liability of its members, in order to encourage investment, the result of which is taxes, for the gov’t as insurer of last resort.
Original post: https://x.com/i/web/status/1221879403543695367
IN REPLY TO:
@curtdoolittle
@CorwinElder @FrostieCash @clairlemon That’s a sophistry Corwin. There is always and everywhere an owner of an entity. And a corporate entity exists solely as a means of limiting the liability of its members, in order to encourage investment, the result of which is taxes, for the gov’t as insurer of last resort.
Original post: https://x.com/i/web/status/1221879403543695367
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