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Corporations are formed by the government to limit the owner’s liability to their investment unlike proprietorships and full partnerships. IMHO - as these corporations are formed by the government they cannot be considered citizens of the state and should be subject to any and all rules and restrictions the state deems necessary. Corporations are NOT people and are NOT citizens.
As far as controlling executives salaries is concerned we just need to institute an all income from all sources federal income tax that would exclude anyone with income under $150,000 and have top marginal rates of 90+%. Some executive gets a 10 million dollar bonus and sends 9 million to the tax collector. The executive gets to brag in the exec washroom that he made 10 million and we get the benefit of being excluded from taxation. That sounds good to me.
Corporations are formed by the government to limit the owner’s liability to their investment unlike proprietorships and full partnerships. IMHO - as these corporations are formed by the government they cannot be considered citizens of the state and should be subject to any and all rules and restrictions the state deems necessary. Corporations are NOT people and are NOT citizens.
As far as controlling executives salaries is concerned we just need to institute an all income from all sources federal income tax that would exclude anyone with income under $150,000 and have top marginal rates of 90+%. Some executive gets a 10 million dollar bonus and sends 9 million to the tax collector. The executive gets to brag in the exec washroom that he made 10 million and we get the benefit of being excluded from taxation. That sounds good to me.
Despite your flawed argument that corporations are not people, courts ruled they are, (Riggs 203 U.S. 243, 1906), the rest of your posting shows that communism must sound really good to you also..
I do not support communism because it is usually operated by corrupt tyrants. Socialism on the other hand that provides support of everyone by taxing the thieves I do support. I believe in free markets and not corporate monopolies.
Besides this is a free country and I can believe whatever I want and write what I believe. I do not expect a bunch of right wing fools to either like what I am saying or me. I have never expected to be liked by the mob.
I'm going to suggest - no, I'm going to predict, that we are quickly heading towards a Constitutional Crisis. I'm predicting that one of these people having their pay reduced, is going to file suit against the Federal Government - specifically the President for these actions.
Let them file suit. Im sure it was a stipulation of taking the money that they handed over compensation rights.
Quote:
Originally Posted by Greatday
I'm also going to suggest that we may be fast approaching a time when the POTUS may have Articles of Impeachment drawn up.
For what? Not doing what you think he should do? He has to actually commit a crime to be impeached.
Let them file suit. Im sure it was a stipulation of taking the money that they handed over compensation rights.
Stipulated that taking of money involved compensation rights? I cant donate money to someone who promises to take money from you, and then consider that your rights were not violated because of my giving.
And even if I did, no amount of money could ever compensate for breaking laws and violating the constitution, or are you claiming that everything is for sale at a price and you are willing to sell out for money?
Well, here it is again....the "Worship of the Wealthy as Their God" by the repubs.....
The repubs scream bloody murder if they think someone on welfare bought an extra bag of potato chips on THEIR tax dollars or will whine against health care reform because someone may get a free band-aid BUT if their tax dollars go to BONUSES for FAILING to the Uber Wealthy they bow down and worship the decision.
Talent? For orchestrating a failed business?
No, it isn't talent , it's the good ol' boy network that makes sure the money (OUR MONEY) stays at the top.
Back in the 50's-60's executive pay was 30-40% of the average worker....NOW it's 400-600% of what the average worker makes.....how's that economy doing now????
Back in the 50's-60's executive pay was 30-40% of the average worker....NOW it's 400-600% of what the average worker makes.....how's that economy doing now????
I bet their economy is doing rather well. Does your class envy hide the fact that 400% is better than 30%?
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