/pine
Super Star Member
- Joined
- Mar 4, 2009
- Messages
- 15,059
What a lot of people don't think about is that when you sue a corporation, you have just sued everyone that buys their product, and everyone that works for them and everyone that supplies them. Corporations don't "pay" when you win a lawsuit against them, EVERYONE pays. They just pass on the results of lawsuits to the public. it results in higher prices for everyone. You don't think the board or CEO take a pay cut because they lost a lawsuit do you? Same with taxes.. Corporations don't pay taxes either. Never have never will. YOU pay the extra corporate taxes when the idiots that raise taxes decide to tax corporations. Silly people think corporations pay taxes. "we are going to make those fat cats pay their fair share".. Right. keep on believing that if you like.
In reality...The holding companies (corporations) of subsidiaries that manufacture products for consumers are covered by multiple liability umbrella policies...The cost of those policies are already baked in the cake of the MRSPs...A lot of the time settlement costs are written off as good will and do not even show up as liabilities in annual reports...