Why is that even legal? It doesnt benefit society in anyway, just hurts it by removing work places. I dont know how it works finically but at least it sounds like it could also be used to evade taxes with that debt bullshit. Is this using some loophole in existing law or is it something that doesnt have anything restricting it?
baggachipz@sh.itjust.works 2 weeks ago
They’re called Vulture Capitalists and they make a lot of money destroying companies like this. There’s no law against it, it’s just buying a business and running (killing) it as they see fit. Livelihoods of employees don’t matter, they’re just assets to be sold as well.
reksas@sopuli.xyz 2 weeks ago
Its like if there was no law prohibiting stealing if you just do it in certain way, or arson. I wish there was something one would do about it, but its so damn difficult to resist even by saying something should be done about it since vast majority of people simply dont care or dont want to say too much if they do. I wonder if it has always been like this even in the past or if it turned like this at some point.