this post was submitted on 16 Jan 2024
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I already thought of this as a potential loophole but chose to ignore it since there will be a ton more. Imo, the law should be made as vague as possible and include something like „if a company by any means gains the ability to own or control residential buildings, they should pay twice the amount of revenue (not profit) they make of it. In repeating cases, all people involved with the transaction as well as all directors of said company face up to 10 years in prison.
I fully agree on the second part.
The first part is tricky as it entirely depends on who the offender is. The fact there are sick individuals at the wheel in the US is hardly shocking to me. But in most other countries the judges are still somewhat decent people but bigotted lawyers will find ways around clear cut laws.
Through my experience with both, the legal system and being an executive, I can tell you that its mostly psychopaths - either as lawyers or clients - that will use this to their advantage.
But I guess you‘re right. If we can make it illegal to circumvent this law, it doesnt need to be as vague as possible.
Little food for thought: if the legal system is corrupted, its not a legal system but a control scheme.