Comment on Borrowing money against their stuff to get more stuff to borrow money...
Leonardo_da_Vinci@lemmy.world 22 hours agoThe rule applies for people with billion dollars of assets.
Comment on Borrowing money against their stuff to get more stuff to borrow money...
Leonardo_da_Vinci@lemmy.world 22 hours agoThe rule applies for people with billion dollars of assets.
RememberTheApollo_@lemmy.world 22 hours ago
They divest the assets into holding companies, like they already do, held by LLCs.
ThirdConsul@lemmy.zip 20 hours ago
Then make it also apply for LLC, or for everyone except (list). I mean every set can be quantified.
Randomgal@lemmy.ca 2 hours ago
No. Not every set can be quantified. This is real life. You have a limited amount of resources and manpower and you have to get the most money with that limited pool.
The less resources you have, the lesser and more imprecise your information becomes. Solutions that require even more precise tracking of even more entities, with endless resources for legal battles, is the opposite of a solution.
They need to fund the feds and give them enough to effectively use the tools they already have.
RememberTheApollo_@lemmy.world 4 hours ago
But then LLc’s can also be legit businesses, and sometimes moving money to an LLc can be a legit investment in a company and not just a shell.
Look, I already said there’s a lot of moving parts here and and we’re not going to solve it on Lemmy, so no need to keep getting in the weeds over this issue.