To: GonzoGOP
There is no distinction in the law between property owned by a corporation and property owned by and individual.
1) Go buy 1000 shares of any Fortune 500 Company.
2) Waltz into the CEO's office and tell him/her that the desk and chair he/she is using is "your property" and you're taking it home with you.
3) Watch how fast government law enforcement officers teach you the difference between corporate and individual property.
To: Willie Green
1) Go buy 1000 shares of any Fortune 500 Company. 2) Waltz into the CEO's office and tell him/her that the desk and chair he/she is using is "your property" and you're taking it home with you
Well considering that I would only own <1% of that chair it would be ridiculous for me to do so. But i could sell my shares back to the company, and use the money to buy a similar chair. The shares are my property. The shares have value equal to the percentage of the company they represent. The government or some mythical "We the People" can not just take them from me or render them valueless without due process and just compensation.
And if I hold on to the shares I do get to vote in proportion to the number of shares I hold. Sure not much of a say, but I haven't put much money on the line. If i want a bigger voice, I either have to put my money where my mouth is or shut up. You seem to believe that someone who has put nothing on the line should have absolute say over the corporation. And those who have invested real tangible assets into the corporation should have no say at all. And I have been a stockholder in a company that experienced a proxy fight to fire the CEO and the board of directors. It doesn't happen very often but it does happen.
But none of this addresses my main point. The government cannot seize corporate property or private property without due process and compensation. Also and most importantly the individual shares of stock that I own are not corporate property, they are my personal property. And by law the government cannot render through seizure or regulation render an asset valueless using eminent domain without due process and compensation.
74 posted on
03/15/2010 1:52:11 PM PDT by
GonzoGOP
(There are millions of paranoid people in the world and they are all out to get me.)
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