TheGinger_Ninja0
TheGinger_Ninja0 t1_je6xadu wrote
Reply to comment by mandyama in Aggregate measure of financial misreporting for nearly 2,000 companies in the U.S. suggests that the collective probability of fraud across major companies is the highest in over 40 years by marketrent
This accountant is unsurprised.
Ever since citizens united, corporations and rich people became king of the land.
They're not super fond of regulations, enforcement, and taxes
TheGinger_Ninja0 t1_je6ycy2 wrote
Reply to comment by Im_Talking in Aggregate measure of financial misreporting for nearly 2,000 companies in the U.S. suggests that the collective probability of fraud across major companies is the highest in over 40 years by marketrent
Eh. The national debt rise is pretty easy to pinpoint causality too. A huge portion is rich people getting a big ol tax break from trump and the GOP.
So it's kind of related, in that rich people set themselves some rules that favor them in both cases. But financial misrepresentation isn't exactly causing a defect.
Sure doesn't help though.