mordechai9000Private equity turned vulnerable elderly people into human ATMs
Private equity didn't. People did. We really need to get rid of limited liability and corporate fictions.
The intentions may be good but that's unlikely to happen in our lifetime.
What might be a more feasible solution?
Don’t require states to uniformly respect limited liability granted in other states. Allow them to add limits, requirements, etc. let the different states explore the trade off.
Oof, talk about making compliance difficult and expensive if a company has 50 different sets of regulations to comply with to do business in the US.
multi-generational households
I would rather have access to a suicide pod.
careful dont let private equity hear you say that
Revoke corporate charters. Prevent and break up consolidation.
All corporate entities require a registration to operate in a state if they have a physical presence.
In this instance, you can also pass a law along the lines of "After setup, all care homes are required to spend 90/95/99% of their income on direct care of the residents or your charter gets revoked." This would prevent the incentives to buy them in the first place.