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byronius

(7,976 posts)
12. A little history.
Thu Nov 30, 2017, 02:14 PM
Nov 2017

From Gotham, the excellent history of NYC.

The early Dutch of New York (1600's) invented the idea of the corporation. The Dutch court agreed as long as the corporation would serve the community first, not the shareholders. If it did not serve the community, it could be sued and disbanded.

The British of New York (1700's) adopted the corporate form wholesale, keeping in place the restriction on serving the public first.

The Americans of New York (1800's) also adopted the idea, same restrictions.

However, in the 1930's, as a socially violent response to the growing labor movement, the wealthy stacked the courts with judges who ruled that the corporation no longer had to serve the public. And thus the form was wrenched from its origins and made a creature of pure profit that has plagued us ever since.

I can think of at least fifty corporations that would be disbanded under the original definition. At the earliest opportunity, we should return to the original language.

Hoarding is a disease. It makes human beings into monsters capable of mass murder. We're witnessing this truth right now.

Return the corporation to the original definition, and levy a 99% confiscatory tax on all incomes over one million dollars per year as recompense for the damage done to the nation by the change in corporate definition.

And then dissolve and nationalize the assets of the most criminal corporations. Comcast and Koch industries, for starters.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Excellent point! rainin Nov 2017 #1
Completely agree. smirkymonkey Nov 2017 #2
I'm sick and tired of Faux pas Nov 2017 #3
But I'm self-employed. progressoid Nov 2017 #4
Do you feel you are being represented ??? SamKnause Nov 2017 #5
Not just people who work for corporations. n/t yellerpup Nov 2017 #6
They should pay ALL taxes since its obvious the system is maintained for business.... marble falls Nov 2017 #7
Exactly. SamKnause Nov 2017 #8
Agree totally Pepsidog Nov 2017 #9
Yep -- taxation without representation. KPN Nov 2017 #10
Tell that to DC residents. nt Sophiegirl Nov 2017 #11
That needs fixed too. It should be part of the D Party platform. KPN Nov 2017 #13
The residents of DC have more access to politicians than people elsewhere... Thor_MN Nov 2017 #14
A little history. byronius Nov 2017 #12
I'm on board with that !!!! SamKnause Nov 2017 #15
Thanks for the history lesson. KPN Nov 2017 #16
That s because we allow them to world wide wally Nov 2017 #17
And every time we rise up what happens ??? SamKnause Nov 2017 #19
Now you got it figured out..... world wide wally Nov 2017 #24
They should wear their sponsors' logos on their suits hibbing Nov 2017 #18
K & R geardaddy Nov 2017 #20
Oh please Steven Maurer Nov 2017 #21
But the corporations have safeinOhio Nov 2017 #23
NO - they HAVEN'T Steven Maurer Nov 2017 #27
Nonsense. . . .nt Bernardo de La Paz Nov 2017 #22
What about us self employed idiots? BamaRefugee Nov 2017 #25
Do you feel you are being represented ??? SamKnause Nov 2017 #26
As a Californian, yes, although somewhat weakly BamaRefugee Dec 2017 #29
All work expenses should be fully deductible DBoon Nov 2017 #28
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