Corporate Raiders
I'm not sure how you might define corporate raiders ... but here is my thought on it.
Are you entirely satisfied with the idea that the owner of a company should be faultless for the actions and/or misadventures of the company he, or she, owns? Suppose that company was involved in THE creation of toxic chemicals ... like the one in West Virginia that just had that calamitous toxic chemical spill that fouled the drinking water for tens of thousands of people? Should the owner of that company be able to simply say "oops" and walk away "scott free" paying nothing?
Well this may be a shock to you ... but that is exactly what is happening. The company is called a corporation ... the owner(s) are called stockholders and legally have no liability. The operators of the company are called executives and will pay nothing for their extreme ineptitude. The corporation itself has now declared bankruptcy. Most corporations are leveraged to 80 or 90% leaving very little in assets to go after for clean up costs. So who pays the clean up costs? You do ... my friend ... you do, as a taxpayer.
If you haven't figured it out yet ... corporate liability laws for stockholders, executives and bankruptcy ... are set up to form a "guilt free" facade. In a way, these laws effectively create a taxpayer funded subsidy for corporations, stockholders, and executives that protect profits and shield personal assets ... AT TAXPAYER EXPENSE. They cause major and irreversIble environmenTal damage ... profit from it ... and make you pay to clean it up. I don't know how long that particular corporation was in business. But I can guarantee one thing ... not one penny of the profits they enjoyed during that time will go toward the clean up. DOES THAT SEEM FAIR TO YOU?
NOW HERE IS THE REAL QUESTION. HOW MUCH LONGER ARE YOU GOING TO PUT UP WITH THIS NONSENSE?