alt Hacker NewsYes, the fact that states can race to the bottom of requirements to promote themselves as LLC havens is a broken system not an intentional one.
Replies
hvb2 • today at 8:36 AM
You can't have 'power to the states' and not have them compete
Does that mean a race to the bottom? Yes.
Bit dont worry, the real bottom is when they would actually start bidding against each other with tax incentives. Oh wait...
antonvs • today at 8:53 AM
> …not an intentional one.
Why do you believe that?
The purpose of the system is what it does.