RE: Are Corporations "people"? (Full Version)

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Louve00 -> RE: Are Corporations "people"? (6/26/2012 11:31:52 AM)

A corporation is a legal business structure that establishes the business as being a separate entity from the owner(s). This means that the assets, income, debts, and liabilities of the business belong to corporation, not to the owner(s). That is the reason for incorporating. So if someone sues the business, they can't touch you, personally.

Corporations aren't people. People either own corporations or work for one.

Google is your friend :)

*edited again to ad this was in reply to the OP, not to Owner. [sm=cool.gif]




Winterapple -> RE: Are Corporations "people"? (6/26/2012 11:34:22 AM)

FR
I'm incorporated and I'm a liberal.
I'm content being both and don't have a
conflict with being both.

I like making money. You can make money
in ethical ways. You can make money without
being a unethical greed monster who doesn't
give two fucks for other people, your country
and the world.
Corporations reflect the people that profit
from them.
And some of the big multi ones don't
cast a fair reflection.




Winterapple -> RE: Are Corporations "people"? (6/26/2012 11:45:10 AM)

Self employed people and small businesses
become corporations so they can't be
rendered destitute ie have their personal
assets stripped from them if they are sued.
Other benefits to of course.
But in America never forget about the lawyers.

The Avon Lady can sue you if she trips
on your walkway while making a
unsolicited visit.




LadyHibiscus -> RE: Are Corporations "people"? (6/26/2012 11:47:15 AM)

Actually with small closely held corporations the corporate veil is pierced regularly. (the myth of the LLC!) Insurance and contracts protect small business people, not corporations. There are many tax benefits, though, and if you have a payroll they're almost essential.




OrionTheWolf -> RE: Are Corporations "people"? (6/26/2012 11:51:51 AM)

~FR~

Corporations is one of those things the founding fathers warned us about, and damned if they were not visionary in many ways.

No they are not a person and the SCOTUS fucked up with their ruling.

Check into the "No Labels" movement to get behind some grass roots, multi-partisan projects.




thishereboi -> RE: Are Corporations "people"? (6/26/2012 11:52:15 AM)


quote:

ORIGINAL: LadyHibiscus

I have a corporation, big deal. Lots of people do. In Michigan, it'll set you back sixty bucks.


Does that mean your not really a person? Cause you sure seemed real last time i saw ya.




LadyHibiscus -> RE: Are Corporations "people"? (6/26/2012 11:54:42 AM)


quote:

ORIGINAL: thishereboi


quote:

ORIGINAL: LadyHibiscus

I have a corporation, big deal. Lots of people do. In Michigan, it'll set you back sixty bucks.


Does that mean your not really a person? Cause you sure seemed real last time i saw ya.


I's a person, and my corp is a fake person!! With a business ID# and credit rating and everything!! YAY!




itsSIRtou -> RE: Are Corporations "people"? (6/26/2012 11:59:50 AM)


quote:

ORIGINAL: subrob1967


quote:

ORIGINAL: Owner59

Cons are the quislings of the corporate America vs American consumer/working class struggle.

Even if it`s deleterious to their own self interest,they seem all the happier to carry their water.

It`s as if business people are somehow divine.....with a magic power that shouldn`t be questioned or scrutinized.

Example......the '08' crash was a private,corporate financial mass failure that lost over 17 trillion dollars in American capital......that was suffered by and payed for by the middle class.

In addition,the bill for the bailout money these corporate failures received to keep them from folding(causing a mass depression) was also suffered and payed for by the middle class.

And the conservative response to all that ranges between "what crash,bush who? ,to blaming the '08' crash and it`s affects on the President Obama.

It`s as if corporations were omnipoten with cons.



Once again you have things ass backwards... I recall it was conservatives against the bail outs, and the DEMOCRATS who brought us "too big to fail" and "we need to bail out GM, because if we don't all those workers will lose their jobs!"

I love how you forget that OBAMA had control of 1/2 of the original TARP money, and not only gave that away to banks, and GM, and Chrysler, and Solyndra, and other failed green businesses, he then requested even MORE money to give away to European banks, and failed green businesses.

But keep blaming all of the country's woes on the conservatives... We'll be here to correct you every time.

p.s. it's omnipotent, buddy.




...notice how he conveniently doesn't mention that its his party's 8 years prior that led to the need for the whole thing in the first place? And now, after GM & Chrysler have rebounded well, paid back most if not all their bailout money, they say that its wasnt necessary....now of course, if the Pres hadnt done it, the cons would of made it the pres's fault they failed, and blamed him for the job losses of not only the 2 companies, but also all their suppliers who would of failed as well with job losses that would of been in the 100 of thousands....most of them middle class jobs.

Now of course ur going to say this confirms ur statement, but u dont tell the whole tale, y'all cons ARE to blame.

Do we even have to mention the almostt 11 years of bush tax cuts that was the GOP big promise of job creation that hasnt done anything but make the wealthy"PEOPLE" more so,.... and outsourced jobs.


buddy.








DomKen -> RE: Are Corporations "people"? (6/26/2012 12:03:56 PM)


quote:

ORIGINAL: Sanity
There are few things leftists hate more than businessmen, and especially successful businessmen. Obama wrote in his memoirs that the only time he spent at a real job made hime feel like he was behind enemy lines, for example

By real job I'm guessing you meant private sector for profit.

So which of these isn't real? Business International Corporation or Davis, Miner & Barnhill or Sidley Austin or Hopkins & Sutter.

Take care which you slander as all but one is a litigation firm.




Winterapple -> RE: Are Corporations "people"? (6/26/2012 12:05:09 PM)

Insurance and contracts are vital.

I was somewhat innocent/ignorant
going in and thought LLC were if not
the panacea most of the panacea.
I was fortunate to have a good lawyer
and a good accountant school me.

I am somewhat closely held but I haz
aspirations![;)]




LadyHibiscus -> RE: Are Corporations "people"? (6/26/2012 12:06:32 PM)

If I could have just TWO minutes alone with every lawyer who was making money pushing LLC's on the unwary... [:@]




Moonhead -> RE: Are Corporations "people"? (6/26/2012 12:40:17 PM)

FR:
No, corporations are not people.
If they were, you could sue somebody who formed a PLC to avoid paying their debts if they went bankrupt into paying you when they do bankrupt their company. You can't, and they're not.




LadyHibiscus -> RE: Are Corporations "people"? (6/26/2012 12:42:51 PM)


quote:

ORIGINAL: Moonhead

FR:
No, corporations are not people.
If they were, you could sue somebody who formed a PLC to avoid paying their debts if they went bankrupt into paying you when they do bankrupt their company. You can't, and they're not.


You can, here in the States, though it would just put you on a list of creditors so you may or may not get anything.




Moonhead -> RE: Are Corporations "people"? (6/26/2012 12:48:09 PM)

Right.
Has anybody managed to get such a payment from a bankrupt corporation in living memory?




Musicmystery -> RE: Are Corporations "people"? (6/26/2012 2:17:15 PM)

quote:

Corporations is one of those things the founding fathers warned us about, and damned if they were not visionary in many ways.


Corporations were well established long before that.





Moonhead -> RE: Are Corporations "people"? (6/26/2012 2:27:48 PM)

Just look at the south sea bubble.




joether -> RE: Are Corporations "people"? (6/26/2012 3:01:38 PM)

quote:

ORIGINAL: Musicmystery
quote:

Corporations is one of those things the founding fathers warned us about, and damned if they were not visionary in many ways.


Corporations were well established long before that.


Which is why the Founding Fathers warned against the concept! Just like how they warned organized religions were bad to a free nation if they were to press for a theocracy. The Founding Fathers did not like the nobility (in any form, religious, corporate, royality) as 'The People' were often seen as lesser not equal under the law. And that if such organizations of people were allowed power in the USA, they would quickly change things into a two tier system of laws: 1) Theirs and 2) Everyone Else's. Their laws would be much less then everyone else's in just about every detail; so as to remain in power irrelevant of what 'The People' demand.

And we have such an organization right now, trying through multiple sources to secure the 'noblity' of "religion, corporate, and 'royality": The Republican Party.




CarpeComa -> RE: Are Corporations "people"? (6/26/2012 3:10:19 PM)


quote:

ORIGINAL: Moonhead

Right.
Has anybody managed to get such a payment from a bankrupt corporation in living memory?



Yes. How much you get paid is determined by the kind of debt you hold. Usually by the time a corporation has declared bankruptcy, they owe more than the company is worth, so the people that hold low priority debt frequently don't get paid. Generally, you have to hold preferred stock or better to have any chance of collecting through a bankruptcy.




Moonhead -> RE: Are Corporations "people"? (6/26/2012 3:11:12 PM)

So the high rollers get paid and everybody else gets fucked.
What a surprise.




LadyHibiscus -> RE: Are Corporations "people"? (6/26/2012 3:12:55 PM)

With smaller corporations, property can be seized, or liens placed on bank accounts or other assets. Bankruptcy law is very clear, the problem is creditors have to get in line.




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