Posted on 10/11/2004 1:14:10 AM PDT by JohnHuang2
If a corporation buys back all its own stock, does it then own itself, rather than being owned by humans?
Bump to find later.
No. It becomes privately-held.
Interesting article. He neglects to point out how tax policy encourages individuals to work for corporations (i.e. the health care deduction which individuals can't take).
Painting corporations as the root of all evil is something I see on the left-wing whacko sites, though. I find myself rejecting his arguments on that basis alone. Maybe that isn't fair, but my gut says if the left is for it then it doesn't make sense.
He leaves out Hudson Bay Company, but that's to be expected.
The whole essay is based on a fear of large entities, whether they be governments or private companies. And then he goes out of his way to offer tenuous links between the two. Very simply put, how a large corporation behaves depends on the government. And how the government behaves -- in a democratic society --depends on the people. That is to say, the people get both the government and the corporations of their choosing.
ping
Lobbyists- Most of the folk who lobby Congress are either attys, or those who were in Gum't "service" before going to the private sector. To believe that our Gum't has not been corrupted by the process is extremely naive.
We started with the best form of gum't, but what we have today is only a mirage. There is no control, by the people! The old addage of "follow the money" is the key.
The corporate interests, and the "special" interests they represent, are the most compelling reason to look to making changes in the tax system. Everyone wants to get some advantage for themselves, and their interests. IMO, It won't ever happen until we go to a different tax revenue system, and find better ways to monitor spending.
Isn't it amazing that a Fedrool Dept can overlook billions of dollars, and not be held responsible fo accounting! I guess they would find too many corporate jets and yachts, as "assets" being charged off!
Depending on how far back you want to go -- we actually started with a hybrid of a corporation/government, then evolved into democracy. But that's neither here, nor there.
However, there is a bottomline -- the people are responsible for the actions of their government. That is to say, we should take as much responsibility as pride in the U.S. And so far we've done a pretty good job.
This immature crapweasel is about 14 years old.
Is he advocating National Socialism.
No, not National Socialism. It's fringe anarchist stuff.
I hope we shall take warning from the example and crush in it's birth the aristocracy of our monied corporations which dare already to challenge our government to a trial of strength and bid defiance to the laws our country.[...]
Great find!
Wrong! National Socialists LOVED the corporations.
The author neglects the obvious cause and effect.
Why hasn't this been zotted? Vox Day is rabidly anti-Bush.
He also has a very odd hair cut.
Nice hair cut.
And then who be the owners? Where is their title or written claim?
VDay is a Libertarian; for him to make this argument is unusual, to say the least. That's why I paid attention to it.
Only problem: I don't know where he's going with this. Simply to state that 'the game is rigged'--well, it ain't necessarily so.
But he is right when he states that corporations are not necessary for Capitalism to exist. The larger question is whether Capitalism is ideal, and the answer is no.
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