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RE: Are Corporations "people"? - 6/26/2012 3:14:06 PM   
Moonhead


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Status: offline 		Yep. Which is the point of incorporating in the first place, isn't it?

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RE: Are Corporations "people"? - 6/26/2012 3:38:01 PM   
LadyHibiscus


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From: Island Of Misfit Toys
Status: offline 		No, not all all. Incorporation is one type of entity, it's not always the best choice.

If you're implying that people go into business purely with the objective of cheating others, I'm not sure what kind of economy you're espousing.

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RE: Are Corporations "people"? - 6/26/2012 3:40:09 PM   
Moonhead


Posts: 16520
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Status: offline 		The one that we have to deal with.
Or had you not noticed that it doesn't appear to have been set up with our best interests at heart?


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RE: Are Corporations "people"? - 6/26/2012 4:09:37 PM   
DomKen


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quote:

ORIGINAL: LadyHibiscus

No, not all all. Incorporation is one type of entity, it's not always the best choice.

If you're implying that people go into business purely with the objective of cheating others, I'm not sure what kind of economy you're espousing.

One of the prime reasons for incorporating is that it creates the legal fiction "the corporation" which is treated legally as a person so debts and misdeeds do not transfer to the owners and investers. While that is not done purely to cheat creditors it is the most common outcome.

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RE: Are Corporations "people"? - 6/26/2012 4:15:45 PM   
kdsub


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Status: offline 		They must be people because the Supreme Court says they have freedom of speech and must be allowed to make political contributions

Butch

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RE: Are Corporations "people"? - 6/26/2012 4:27:32 PM   
Karmastic


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quote:

ORIGINAL: kdsub

They must be people because the Supreme Court says they have freedom of speech and must be allowed to make political contributions

Butch

ah, i was looking for someone who would note what you said. thank you.

unfortunately, the Supreme Court bastardized the concept of corporations being a real entity for business speech into them being "a person" for political speech. It's truly a milestone butt fuck.

one more huge step towards fascism.

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RE: Are Corporations "people"? - 6/26/2012 4:30:47 PM   
Musicmystery


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quote:

ORIGINAL: joether

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.

That's silly.

There already WERE corporations. It's not something that was GOING to potentially happen--we were there.

In fact, it was when George gave away a tea monopoly that the OTHER competing businesses protested--nothing whatever to do with the tax excuse (beyond the required tax stamp on the tea).



< Message edited by Musicmystery -- 6/26/2012 4:31:19 PM >

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RE: Are Corporations "people"? - 6/26/2012 6:19:32 PM   
LookieNoNookie


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quote:

ORIGINAL: Arturas

Romney said corporations are people. Are they? If they are not, then what are they?


Romney may have re-iterated that statement but, it was the Supreme Court who said that (and indeed, codified it into law).

Two+ years ago.

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RE: Are Corporations "people"? - 6/26/2012 6:21:38 PM   
LookieNoNookie


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quote:

ORIGINAL: Musicmystery

http://politicalwire.com/archives/2012/01/15/mitt_romney_is_a_serial_killer.html


Incredible.

I don't even have to watch the ad....MM, occasionally I really like your comments....equally as often it's clearer than ever that you got a remedial education.

< Message edited by LookieNoNookie -- 6/26/2012 6:22:46 PM >

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RE: Are Corporations "people"? - 6/26/2012 7:21:42 PM   
tj444


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quote:

ORIGINAL: LadyHibiscus

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.

It depends on how an LLCs (or corporations) are set up and if the owners understand their obligations to keep the veil from being easily pierced.. If the owners get sloppy then its a lot easier to pierce the veil.. Some people have their assets in one LLC and run their business thru another LLC. They might have an LLC owned by another LLC in another state and use a registered agent.. really just depends..

There was one corp that was taken to court by the govt (in BC, Canada) and it turned out that the "President" was a totally clueless homeless guy paid next to nothing, he just did what he was told to do, he didnt even know he was the "prez".. so piercing the veil does what in that situation??

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RE: Are Corporations "people"? - 6/26/2012 7:26:11 PM   
Musicmystery


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quote:

ORIGINAL: LookieNoNookie

quote:

ORIGINAL: Musicmystery

http://politicalwire.com/archives/2012/01/15/mitt_romney_is_a_serial_killer.html


Incredible.

I don't even have to watch the ad....MM, occasionally I really like your comments....equally as often it's clearer than ever that you got a remedial education.

Oh please. Get off that high horse stuck up your ass.

It's a comic sketch. Laugh or roll your eyes, but get over it.

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RE: Are Corporations "people"? - 6/26/2012 7:46:03 PM   
LookieNoNookie


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quote:

ORIGINAL: Musicmystery


quote:

ORIGINAL: LookieNoNookie

quote:

ORIGINAL: Musicmystery

http://politicalwire.com/archives/2012/01/15/mitt_romney_is_a_serial_killer.html


Incredible.

I don't even have to watch the ad....MM, occasionally I really like your comments....equally as often it's clearer than ever that you got a remedial education.

Oh please. Get off that high horse stuck up your ass.

It's a comic sketch. Laugh or roll your eyes, but get over it.


My error (I've made a mistake twice....).

(And it's not a horse).

(And by the way, I'd like to point out...it cost me 12 bucks).

< Message edited by LookieNoNookie -- 6/26/2012 7:47:05 PM >

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RE: Are Corporations "people"? - 6/27/2012 6:51:10 PM   
Louve00


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quote:

ORIGINAL: Arturas

Romney said corporations are people. Are they? If they are not, then what are they?


Sooooooo. Since Romney says a corporation is a person and we say it isn't...does that mean we should all now vote for Obama?

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RE: Are Corporations "people"? - 6/27/2012 7:02:59 PM   
Owner59


Posts: 17033
Joined: 3/14/2006
From: Dirty Jersey
Status: offline 		In a word....yes....

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