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Business Politics

Discussion in 'Tilted Philosophy, Politics, and Economics' started by rogue49, May 31, 2019.

  1. Chris Noyb

    Chris Noyb Get in, buckle up, hang on, & don't criticize.

    Large City, TX
    Tell the "capitalists" no more Chapter 11 protection.

    Tell the "capitalists" everything they own will be up for grabs should their business venture fail.

    We need entrepreneurs, alternatives to mega corps, and even risk takers. But when a "capitalist" can have six (seven?) bankruptcies, with more likely to come, while maintaining $180M to $220M in cash and liquid assets, something is seriously wrong.

    ^ BTW, NPD Trump is just a glaring and convenient example. The list of misguided Chapter 11 protections is extremely long.
    • Agree Agree x 1