“They are suing me in order to lie to them. I’m sorry, I can’t do it,” he said.
Rudy Giuliani doubled down on his election-related allegations Monday, just days after two Georgia election workers won millions in a defamation lawsuit against him and hours after they filed another suit against him.
The former New York mayor must pay $148 million in damages to election workers Ruby Freeman and her daughter Shaye Moss as a result of their emotional distress following Giuliani’s accusations that the two were manipulating ballots in 2020. The second lawsuit sought to keep him from repeating the debunked claims at the heart of the first case.
In a rambling interview with Newsmax’s Rob Schmitt, Giuliani blasted the verdict, describing the court as a “fascist system run by the Biden regime.”
Giuliani told Schmitt that he still believes the allegations to be true, but that they “want me to lie.”
I actually looked into something similar: making a corporation and basically making my corporate entity take on all liabilities while assets remain in a separate holding company.
This was mostly a thought/legal experiment with the goal of using the very cushy corporate precedents to shield me from things like accidents, etc. while allowing me to benefit from zero taxes, etc. Basically if something happened to me like a multimillion dollar court case, I’d dissolve the first entity, taking all its liabilities with it, and then set up a second subsidiarity. This is something most corporations do today.
The TL;DR is that while it’s possible, it takes up a lot of time and resources and will likely need to hire an accountant to keep it all straight.
The reason why companies and rich people do this is because they have the resources and incentive. The only incentive I’d have is to save a bit on taxes and push off some risk. But not enough that it’d be worth hiring a full time accountant.