Ive often seen individuals on the left talking about how billionares shouldnt exist etc., but when probed on how that could be accomplished the answer is usually just taxes or guillotines. I dont think either is great.
What if instead, corporations were made to be unable to be sold or owned. Initially theyre made to default to popular election for their board, and after that they can set up a charter or adopt a standard one, ratified by majority vote of their employees.
Bank collapse would probably follow, how could that be remedied? Maybe match the banks invalidated stocks with bonds?
Oh so now you need a group of people to decide they want to start a business and take out a loan? So right there we’ve now eliminated small businesses run by a sole trader, yay? So now you need a bunch of people to all put their livelihoods on the line, and as soon as they hire more employees their share of the co-op is diluted while their loan portion is not. Again - yay?
So if one of the original starters quits or is fired from their job, what happens? What happens to their part of the loan? Do they get a payout when they leave? If not, again, why would they ever take the risk?
So there are no communist countries that exist where everyone is equally wealthy and there is no poor underclass and no super rich upper class rulers? That’s what it sounds like to me. Hmmm, I wonder why communism has failed literally every time it has been attempted? But I’m sure this time communism would work, right? The others just didn’t do it right, right?
You can’t just make an LLC, take out a huge business loan, and then wipe your hands of it if the business the LLC runs goes bankrupt lol.
I don’t think your understanding how this works, the loan is on the co-op as an entity, not the individuals. A single person or group of people can form a co-op, just like how they form an LLC. That co-op can then take out a loan just like a company can take out a loan. That loan is the co-ops liability, not any of the members. If any or all of the original members leave that loan will still be on the co-op, the original members will not be responsible.
I think you have a misunderstanding of limited liability in general, per wikipedia:
So yes you can just make an LLC , take out a huge business loan then leave and wipe your hands of it. The bank knows this and that’s why when they give out loans they evaluate whether the company can pay it back, not an individual. The loan will also probably come with stipulations ensuring some sort of corporate governance so you personally can’t just drain the company account and walk off with the money. Doing that would be embezzlement.
As for the communist question, were soviet style communist countries perfectly equal, no, but the situation your describing of a poor underclass and super rich upper class rulers is way more reflective of capitalist countries then communist ones. Yes there were high ranking beuracrats at the top but they weren’t living in the lap of luxury, the highest ranking soviet officials lived in the house on the embankment where the largest sized unit was 3,200 square feet and the average unit was 2,000 square feet. Compare that to a millionaires mansion in the u.s. Communist societies were far more equal then capitalist societies and the idea that there’s some gang of rich exploiters at the top hoarding all the resources is your projection.