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KevinTheOmnivore KevinTheOmnivore is offline
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Old May 22nd, 2003, 11:49 PM       
Quote:
Originally Posted by The_Rorschach
I thought we lived in a free society where force was unnecessary.
We live in a society of actions and consequences. Nobody is forcing them to invest, and with no limited liability, I think it would encourage smarter investment, as well as better corporate behavior.

Quote:
Those who play the stock market, and will actually come up with enough capital to get prospective buisness rolling, WILL as a natural consequence, be interested and educated. It's call Due Dilligence, every corporation knows those two words, and fears them. Due Dilligence means even the intellectual property of a buisness, technically, belongs to the shareholders and can be exhumed upon demand.
Do they really, Ror??? Do you think a CEO, who himseld may sit on the board for another corporation, really fears the guy who plays around with some stock to see if he can make extra money?? The truth is, corporations are really only beholden to a select few of major share holders. These shareholders are often involved with other corporations, and understand that the name of the game is making money, and if the persuit of that money means cutting a few corners, well why not?

You have criticized the apathy of the citizen, is it that different than the apathy of the investor? Have you not advocated compulsory serve for citizenry???

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I think the minute population of moms and pops who own a few thousand dollars in a corporation should be allowed the freedom to invest without having to concern themselves with how the corporation if spending their money, and whether their stocks will be adversely affected as a result. They have enough to worry about, and LLC offers them some degree of security. . .Even if it is only skin deep.
But that's the thing, your assumption is based on the idea that these corporations are no doubt up to no good.

Like the article says, negative stock would likewise hold its own value that could be purchased, b/c a buyer would buy not only the depleted stock, but all of the other negative entailments. This unloads the problem for the investor, and likewise grants the adventurous capitalist the prospect of taking on a cheap investment that might turn around and become more that it was initially worth, post-poor corporate behavior.
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