Source: Tesla Motors
quote: WHY we still have this ability of a "lobbyist" to give money to an elected official so that he might vote in the lobbyists interest is crazy!!It's legal bribery, no matter how you look at it!
quote: The problem is they can vote, not as a single owner votes, but through the population that works for or purchases from said company. Stock holders also get votes, the union workers (if there are any) also get votes.
quote: The reason it won't work is because income made from investing is taxed at a lower rate than income.
quote: Perhaps all profits every year must go to the share holders unless it will be used in the very near future to re-invest..
quote: Also, I think there would have to be some rules regarding subsidiaries in other countries and how income earned elsewhere impacts people here.
quote: Right now a company gets a tax break on creating jobs here, but if there were no taxes, why not move your company to Canada and sell the product in the US (if there are some expenses in Canada that are cheaper than the US).
quote: That makes sense, but I don't see how we'll get out of the current economic mess and deficit if corporations aren't required to contribute to the fix.
quote: - Most people believe corporations should be taxed.- Most people also believe in no taxation without representation.
quote: Corporations, or "Limited Liability Corporations" are entities that have their own income, and their own assets, and these assets are not tied to individual human beings.
quote: If it has income, it gets taxed.
quote: Individuals within that corporation are able to leverage these assets to lobby the government (or the people) for the sake of the corporation, but the corporation itself is not an individual, and cannot make its own decisions.
quote: The "no taxation without representation" is for people, not for companies. You're anthropomorphizing them as a base assumption and I'm not sure you even realize you're doing it.
quote: Why then wouldn't I say that it's illegal to tax dog food...because dogs need to eat yet they have no representation to fight this tax?
quote: Corporate Personhood has been upheld by nearly every Supreme Court for over a hundred years.
quote: You're going to have to do more to outweigh that than a poor interpretation of the Boston Tea Party. I've often heard Progressives make the argument that the Founders were against Corporations so we should be too. But that's clearly not based in any researchable facts.
quote: If you can find me a first world nation with a thriving economy that's banned Corporations, I would like to see how they did it.