Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
What do you think of this auction?
>
Reply to Thread
Message:
<p>[QUOTE="A.J., post: 1475522, member: 35316"]What's being lost in this discussion is the other side of the coin: liability. Nobody forces the public to purchase a widgets that the company produces, that is true. So the CEO of a company has legitimately earned his income. </p><p><br /></p><p><i>But</i> the government did forcibly preclude the public to waive its right to compensation for injuries caused by the company. The government forcibly limited the liability of the CEO, completely absolving him of any liability for wrongdoing. This is not unlike the government forcing the public to buy the company's product, just inverted. </p><p><br /></p><p>If person A hires a driver to deliver a shipment of widgets, and the driver gets in an accident and injuries B, then B can sue A for compensation. But if A is CEO of an incorporated company, in the exact same situation, B is out of luck because A has a protection agreement with the government to limit his liability. Person A may be originally earning his money fairly, but A is using an unfair protection arrangement to keep that money in situations where A would otherwise be subject to liability. </p><p><br /></p><p>The problem here is one of fairness. But salary caps and communistic solutions like that are not the answer. The answer is personal accountability.[/QUOTE]</p><p><br /></p>
[QUOTE="A.J., post: 1475522, member: 35316"]What's being lost in this discussion is the other side of the coin: liability. Nobody forces the public to purchase a widgets that the company produces, that is true. So the CEO of a company has legitimately earned his income. [I]But[/I] the government did forcibly preclude the public to waive its right to compensation for injuries caused by the company. The government forcibly limited the liability of the CEO, completely absolving him of any liability for wrongdoing. This is not unlike the government forcing the public to buy the company's product, just inverted. If person A hires a driver to deliver a shipment of widgets, and the driver gets in an accident and injuries B, then B can sue A for compensation. But if A is CEO of an incorporated company, in the exact same situation, B is out of luck because A has a protection agreement with the government to limit his liability. Person A may be originally earning his money fairly, but A is using an unfair protection arrangement to keep that money in situations where A would otherwise be subject to liability. The problem here is one of fairness. But salary caps and communistic solutions like that are not the answer. The answer is personal accountability.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
What do you think of this auction?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...