The People Beg to Differ, Mr. Romney: Corporations Aren't People
Friday 12 August 2011
by: Isaiah J. Poole,
Campaign for America's Future | Op-Ed
The political world is abuzz with a heat-of-the-moment comment by Republican presidential candidate Mitt Romney that is starkly revealing.
Here's how The Huffington Post reported it:
(More here.)
by: Isaiah J. Poole,
Campaign for America's Future | Op-Ed
The political world is abuzz with a heat-of-the-moment comment by Republican presidential candidate Mitt Romney that is starkly revealing.
Here's how The Huffington Post reported it:
Pressed by an attendee at the Iowa State Fair on Thursday as to why he was focusing on entitlement reforms as a means of deficit reduction over asking corporations to share part of the burden, the GOP frontrunner shot back:Great that we've gotten that cleared up. Romney has taken the view codified by the U.S. Supreme Court in the Citizens United case, which says that corporations are people when it comes to our political system, and since money is their vocal chord, government can't tell them to lower their volume so other voices can be heard.
"Corporations are people, my friend... of course they are. Everything corporations earn ultimately goes to the people. Where do you think it goes? Whose pockets? Whose pockets? People's pockets. Human beings my friend."
(More here.)
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2 Comments:
Although there are many of us who do not like it, the facts are that Corporations are People.
Just look at W. Spann LLC which gave a million dollars to the Romney campaign … and that’s all they did … no product manufactured or sold … no service provided … just a “straw corporation” to pass monies to Mr. Romney.
Or, Eli Publishing … who also gave $1 million … Eli Publishing was founded by Steve Lund who said he made it through a corporation he created to publish a book years ago because donating through a corporation has accounting advantages.
Yep, Corporations are people ….
BTW, Romney made a number of other statements during his Iowa SoapBox event … complaining that 50% of people do not pay income tax … yet failed to mention the GAO study that 57% of corporations failed to pay income tax … plus the 19,000 Corporations that are headquarter overseas for tax reasons … In 2007, Citigroup had 427 subsidiaries in foreign tax havens, Morgan Stanley had 273, New Corps had 152, Bank of America had 115, and Procter & Gamble 83 … watch out for Congress enacting legislation that will allow Corporations to bring home their profits at less than 10% instead of 35% … read this Boston Globe article about Romney’s plan … the previous tax repatriotation program did not produce jobs before, but did produce profits for companies … Pfizer was a big winner last time and still laid off thousands.
If anyone is interested, I have offered a couple of commentaries on Romney’s SoapBox claims - here and here.
I don't really care what Romney thinks, he's a buffoon anyway. But, his comments make the pot stirrer wonder, if corporations are not really people, then neither can be unions or even governments.
I just love how the GroupThinkers among us love to wax poetic about group rights for collections of human beings they deem worthy of constitution protections, but not others.
So, is a Sole Proprietorship a person or not?
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