Fine, but let them put something else at risk/collateral. The leveraged buy-out is a self-licking ice-cream cone of the heads-I-win-tails-you-lose variety.
Getting such a loan for a _distressed_ business is far worse - absurd on its face, essentially fraud.
The whole incentive structure stinks
Getting such a loan for a _distressed_ business is far worse - absurd on its face, essentially fraud.
The whole incentive structure stinks
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Until they make a business nonviable, taxes are just a cost of doing business. Like dead kids or a ruined climate system.
You could do that, but it would reduce living standards and jack up unemployment. Worth looking up WHY society developed the corporate veil.
See also Exxon and climate change, or the coal companies who have managed to separate their pension and medical obligations from their assets.