Libertarian Limited Liability
Today, the government announced a final offer to settle the 'leaky homes' argument that has gone on for years.
Should governments treat it like a natural disaster and cover costs, forcing all taxpayers to fund repairs or should regional councils be held accountable for approving consents for bad building work, forcing all ratepayers to fund repairs?
Ideally, businesses themselves would be held accountable but many simply liquidated and reformed under a different name.
This points to an interesting question for libertarians - should we support the legal creation of limited liability for businesses?
Should governments treat it like a natural disaster and cover costs, forcing all taxpayers to fund repairs or should regional councils be held accountable for approving consents for bad building work, forcing all ratepayers to fund repairs?
Ideally, businesses themselves would be held accountable but many simply liquidated and reformed under a different name.
This points to an interesting question for libertarians - should we support the legal creation of limited liability for businesses?
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