Comments on: The “people” Washington helps most: big corporations http://blogs.reuters.com/talesfromthetrail/2011/08/19/the-people-washington-helps-most-big-corporations/ Tracking U.S. politics Wed, 16 Nov 2016 03:39:51 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: TED53 http://blogs.reuters.com/talesfromthetrail/2011/08/19/the-people-washington-helps-most-big-corporations/comment-page-1/#comment-418170 Sun, 28 Aug 2011 12:26:25 +0000 http://blogs.reuters.com/frontrow/?p=35843#comment-418170 Face it. If Obama gets re-elected with a democratic congress.Maybe,just maybe, some of these tax reforms MAY get addressed, after all he will not need to worry about re-election.
After Bush was re-elected, He got rid of Rumsfeld, relegated Cheney to the back-bench, and started running things himself. This was not by chance.
America has got to get BIG MONEY out of Politics.
PUBLICLY FUNDED ELECTIONS (LIKE CANADA) WOULD PUT A SERIOUS DENT IN CORP. INFLUENCE….

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By: sooku http://blogs.reuters.com/talesfromthetrail/2011/08/19/the-people-washington-helps-most-big-corporations/comment-page-1/#comment-417883 Mon, 22 Aug 2011 22:07:58 +0000 http://blogs.reuters.com/frontrow/?p=35843#comment-417883 PCScipio, you’re right on. If corporations are people, let them be taxed like people.

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By: sooku http://blogs.reuters.com/talesfromthetrail/2011/08/19/the-people-washington-helps-most-big-corporations/comment-page-1/#comment-417882 Mon, 22 Aug 2011 22:05:00 +0000 http://blogs.reuters.com/frontrow/?p=35843#comment-417882 Why is it news that Corporations own America? After all, they have always owned Presidents! Obama is the first one to raise most of his funding from the little people.

The new and scary development is that multimillionaire owners of corporations are getting elected to Congress – where they proceed to insist ONLY on protecting the rich, the country be DAMNED. That, my friend, is the Tea Party for you.

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By: seattlesh http://blogs.reuters.com/talesfromthetrail/2011/08/19/the-people-washington-helps-most-big-corporations/comment-page-1/#comment-417876 Mon, 22 Aug 2011 14:55:41 +0000 http://blogs.reuters.com/frontrow/?p=35843#comment-417876 Robb 1, I agree. As a small business owner here in Washington state we have few resources available to us as even the bank that I have been with some 12 years now would not loan our business a dime in the current environment. By the way that bank is under audit by the feds and has a liquidity problem associated with bad loans to large corporate real estate developers for dubious projects. We small depositors are shoring up the bank and yet are being penalized.

Microsoft on the other hand formed a shell corporation in Nevada in 1997 to funnel all bulk sales of its software to PC makers such as Dell, HP and so forth. Nevada has no corporate income tax. Since 1997 the lost tax revenue to Washington state has been estimated at $500 to $525 million and one can only guess that this must have been in part what Bill Gates recently referred to as “creative capitalism”.

Most contemporary treatment of corporations as individuals has no foundation in the Constitution or specific legislation but solely as a result of actions by the courts over time. It is long past time to review just what corporations are and are not from a constitutional perspective and enact legislation that mirrors the original intent that they be entities licensed to carry on commerce. But as we all know the plutocrats that control Congress and the President would never sit still for this.

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By: SensiLove http://blogs.reuters.com/talesfromthetrail/2011/08/19/the-people-washington-helps-most-big-corporations/comment-page-1/#comment-417845 Sun, 21 Aug 2011 19:54:59 +0000 http://blogs.reuters.com/frontrow/?p=35843#comment-417845 Plain and simply, these corporations need to start paying their employees a LOT more money if they are able to do so. Lower level people at Apple/Google/Amazon should make a ridiclous amount of money.

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By: KimoLee http://blogs.reuters.com/talesfromthetrail/2011/08/19/the-people-washington-helps-most-big-corporations/comment-page-1/#comment-417797 Sun, 21 Aug 2011 16:12:15 +0000 http://blogs.reuters.com/frontrow/?p=35843#comment-417797 Corporations are “entities” created to help business owners avoid personal liability for negligence and torts and tax liability. That’s it. Period. They are not people, but a business form created on paper. Perhaps its time to GET RID of corporate entities so that business owners are completely responsible for their actions in every way – like “real living, breathing human beings.” Real individuals are forced to pay for their idiotic behavior, the corporate form “prevents” CEO’s and directors from personal responsibility. Let’s live in reality – okay?

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By: davidrayburns http://blogs.reuters.com/talesfromthetrail/2011/08/19/the-people-washington-helps-most-big-corporations/comment-page-1/#comment-417796 Sun, 21 Aug 2011 15:18:13 +0000 http://blogs.reuters.com/frontrow/?p=35843#comment-417796 And to think, Mitt Romney is leading the pack? And this system will not change as long as these big corporations spend as much as they do on politicians. I continue to feel sad for our country.

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By: SidtheSingh http://blogs.reuters.com/talesfromthetrail/2011/08/19/the-people-washington-helps-most-big-corporations/comment-page-1/#comment-417795 Sun, 21 Aug 2011 14:25:26 +0000 http://blogs.reuters.com/frontrow/?p=35843#comment-417795 Robb1’s point is well taken, but therein lies the rub. The US Chamber of Commerce and the megacorporations have a done a great job of confusing your small, mom-and-pop “corporation” with the globe-spanning and outsourcing megacorp. Perhaps, there needs to be a fundamental change in the nature of incorporation laws and the structure of the tax code.

It is asinine for nations to continue to treat international megacorps in the same way their treat local “mom-and-pop” corporations. These smaller companies are embedded within a community, while the megacorps are disconnected behemoths. Ford is no more “American” than Toyota is “Japanese.” It is only when nation-states begin to release that corporations are on the path to sovereign status, that they will see them as for what they really are.

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By: robb1 http://blogs.reuters.com/talesfromthetrail/2011/08/19/the-people-washington-helps-most-big-corporations/comment-page-1/#comment-417794 Sun, 21 Aug 2011 05:28:55 +0000 http://blogs.reuters.com/frontrow/?p=35843#comment-417794 Please let’s spare the small business, still corporations, the one that gross few millions a year and employ 10 to 50 employees all in the US. They do not use outsourcing, they do not have foreign subsidiaries and they do not farm out their manufacturing wherever is cheaper without any respect for the domestic work force. These small businesses, for example here in California, are taxed ~ 43% for every $ in excess of $ 75K earned. This $ threshold has been the same for over 20 years and should be increased (adapted to inflation) to allow small business to capitalize and grow. That means local employment. On the contrary, one thing that should be really penalized is outsourcing of labor outside of the US. If we tax that we will gain.

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By: FrenchObserver http://blogs.reuters.com/talesfromthetrail/2011/08/19/the-people-washington-helps-most-big-corporations/comment-page-1/#comment-417793 Sat, 20 Aug 2011 21:32:50 +0000 http://blogs.reuters.com/frontrow/?p=35843#comment-417793 I am interested in your observation on preferential support for big organisations rather than targeting aid at certain sectors of the population.
I think this has been responsable for the prolongation of the current economic difficulties. If a few people lose their homes the economy does not feel the effect, but if this happens in a large scale the diminution in their spending power (and the depression in the housing market and the building sector) has knock on effects on the economy as a whole and supporting only big institutions will not correct this problem

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