Abolish Companies and Trusts

Abolish Companies and Trusts

Companies have a different ethical structure to the rest of our society: they have only one value (Money) and one ethic (make as much money as possible.) This attitude is spreading like a plague infecting everybody. A home is now an asset - but if you only have one its not much of an asset because you always need somewhere to live. Companies have no moral compass except make money: if its profitable to sell something that is useless or even harmful then those concerns are irrelevant. Also Tax is not viewed as a contribution to society but as a cost to be minimised. The purpose of companies (to enable joint investment ) can be equally filled by partnerships which keep liability for tax on natural citizens. If we dont abolish these corporate structures completely we could just remove their tax liability so that the shareholders would have to shoulder the burden - but this would be difficult and fraught with opportunities for abuse.