Why are we still giving limited liability to almost anyone who asks for it?

We’ve had limited liability companies in their current form for about 170 years now, but no one back then imagined we’d have more than five million of them. So, are we really doing the right thing giving limited liability to anyone who asks for it now, or should we be more circumspect?

#uk #government #money #economic #politics #bank #government #tax #investment #share #business

The Economic Truths Series:

1. An introduction to the economic truths series
https://youtu.be/zk2vsBn3IIA

2. You’ve got no money in the bank
https://youtu.be/JIzCRSy4420

3. Banks don’t loan out depositor’s money
https://youtu.be/JwcZKEpO9v8

4. Bank loans create bank deposits
https://youtu.be/nUxT17ZOTP8

5. Austerity does not save money
https://youtu.be/AsUiXSfT710

6. Repaying bank loans destroys money
https://youtu.be/SbDcCbkMDtU

7.There is no such thing as taxpayers’ money
https://youtu.be/6ntd72cTLQU

8.Governments don’t borrow from financial markets
https://youtu.be/dpvzhYLjiPA

9. There are six reasons to tax and none involve funding the government
https://youtu.be/rFHvyiXuxAM

10. Why do governments issue bonds when they don’t need to?
https://youtu.be/j55Ft7rtaHY

11. The national debt need never be repaid
https://youtu.be/1xaxG4slnmM

12. The government can never run out of money
https://youtu.be/2m3BXdkDJYI

13. Why are we still giving limited liability to almost anyone who asks for it?
https://youtu.be/HPw2p5lLxN4

ABOUT RICHARD MURPHY
Richard Murphy is Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best known book is ‘The Joy of Tax’.

This video was edited by Thomas Murphy.

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Видео Why are we still giving limited liability to almost anyone who asks for it? канала Richard J Murphy