Originally Posted by JoeRedskin
Okay, so here is where I am on the whole "Corporations Bad" thing:
1. Corporation's legal "personhood" needs to be re-examined. The US Code needs to be modiifed to differentiate between the practical need for corporations to have the ability to act as a "person" in the business world and the fact that doing so should not neccessarily entitle these companies to certain Constitutional rights which were intended to attach to the person (assembly, speech, search & seizure restrictions). Further, in light of the SCOTUS' rulings on this issue, a carefully crafted Constitutional Amendment is needed that sets forth the rights of "artificial persons". Not sure exactly how this should look - but I'll get right on it and have something we, The Warpath, can submit to our various representatives. Is next Friday good for everyone?
2. The US corporate tax law needs serious revision. Corporations should be paying taxes in line with other countries that offer the same comparitive economic security as the US (i.e. there is a benefit to doing business in the stable political/economic climate of a Germany, US or Britain as opposed to Mexico, Columbia or Angola). Based on the study Chico referenced, it would appear that this would require closing certain loopholes and shelters while, at the same time, lowering the statutory rate to one comprable to other western nations. Any volunteers to draft a revised corporate tax code for us? Anyone? Anyone? How about a committee of SS33, Lotus and NC_Skins? Get back to us with your result by next Friday please.
3. Executive pay: Somehow this needs to be addressed. The fact that, for many corporations, executive compensation is divorced from the success or failure of a company (i.e. the "Moral Hazard" mlpertert referenced earlier in the thread - I think it was mlpertert). Not sure, this is a tricky one for a lot of reasons. I suggest a working group of Smootsmack, Chico, saden1 and mlpertert analyze the problems and come up with possible proposals and come back to the group with a working solution by next Friday.
Firstdown, your job is just to keep bitching about the vagrants and hippies in Zuccotti Park.
Thanks everyone for playing. Let's work the problem boys. I want the Occupy Warpath Movement up and running by Thanksgiving.
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