Message:

<p>[QUOTE=&quot;medoraman, post: 1409930, member: 26302&quot;]I don&#039;t disagree with your thoughts, but thought I would clarify why corporations are people. I know a lot of people like to throw out this is some sort of conspiracy. It actually was a ruling in the 1800&#039;s. The reason a corporation was ruled to be a person was to allow limited recourse corporations. If a corporation was not a person, they cannot be held liable for anything, therefor the stockholders directly would have to be sued. This would break the model for a limited liability corporation, where shareholders can only lose up to their investment, their personal property is not at risk. These types of corporations are what have made America and the world great, a fact shown in how almost every major entity in the world except for governments are limited liability corporations. You simply cannot have nearly any entity, nor democratization of equity participation, without this model.</p><p><br /></p><p>Pragmatically nowadays, corporations are people because it allows for extra taxation nowadays. Since they are people, they can be directly taxed. Then any income they give to shareholders is taxed at the shareholder level. This high combined level of taxation is very important to most countries budgets.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in