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Forums - Politics - $21tn hoard hidden from taxman by "global elite"

SamuelRSmith said:
Kenology said:
Not sure I understand your question... you want me to explain why corporations are not human beings?


No, I want you to explain which legal powers personhood grants a corporation, that you disagree with.

Primarily the "free speech" powers granted by Citizens United SCOTUS ruling that allows unlimited political spending and the dimished criminality/limitations of liability it grants owners/shareholders/managment, etc.  Not good at all.



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not really related to this news i think, but at least the bill to audit the fed seems like its going to be approved.
http://www.huffingtonpost.com/2012/07/24/audit-the-fed-bill-on-tra_n_1698062.html



deskpro2k3 said:
not really related to this news i think, but at least the bill to audit the fed seems like its going to be approved.
http://www.huffingtonpost.com/2012/07/24/audit-the-fed-bill-on-tra_n_1698062.html


Might pass the house. 

Good luck with the Senate.



Didn't Obama want to pass a tax to foreign companies doing business in the US, and also end tax breaks for companies that offshored jobs?

Isn't Mitt like, the offshoring king, and has lots of money in the cayman?


Anyway, man it's really scary how elite the elite are.



Kenology said:
SamuelRSmith said:
Kenology said:
Not sure I understand your question... you want me to explain why corporations are not human beings?


No, I want you to explain which legal powers personhood grants a corporation, that you disagree with.

Primarily the "free speech" powers granted by Citizens United SCOTUS ruling that allows unlimited political spending and the dimished criminality/limitations of liability it grants owners/shareholders/managment, etc.  Not good at all.

Except that wasn't due to corporate personhood or the 14th ammendment...  That was a 1st ammendment ruling.


As for the second part.... I'm not sure that actually exists for management.  Usually management avoids prosecution via a "Non prosecute" agreement with the government that gets paid by the company.  (which is the real thing that matters.)

 

Additionally, that really wouldn't work for owners/shareholders either... because more often then not they'd have plausable deniability.  ESPEICALLY share holders.

Really all that would do is force regular employees to take much more heat for shit they do.

I mean... lets say we revoke coporate personhood... and a guy named Elmer cuts corners  and Coca Cola some how kills a thousand people.

Now that Corporate Personhood doesn't exist... companies can not be sued in civil court.  So who do you go after?   Elmer... assuming the investigation finds out it was him specifically... (If not... your screwed)   and anybody who knew Elmer was cutting corners.  You can sue the buisness owners too... but how likely are you to win a decision?



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theprof00 said:
Didn't Obama want to pass a tax to foreign companies doing business in the US, and also end tax breaks for companies that offshored jobs?

Isn't Mitt like, the offshoring king, and has lots of money in the cayman?


Anyway, man it's really scary how elite the elite are.

Define didn't... because... well he doesn't.   He wants to tax local mulitnationals more... in a revenue nuetral way that won't actually raise taxes overall.

Either way... Mitt Romney actually has a tax plan that will raise taxes on foriegn multinationals.  A territorial system... like most countries now a days have to get stricter on multinationals.  One that democrats agree with...

http://www.realclearpolitics.com/2012/07/19/obama039s_job_council_likes_romney039s_tax_plan_285209.html

Meanwhile, Obama's tax plan doesn't really come in to effect until the money is repatrioted.  Which it doesn't have to be until the company plans to use it... and can be saved up for when the government gets desperate and offers "Repatritoin tax breaks" or just be used to improve buisnesses overseas.

It can all be stashed in hidden bank accounts and stuff until then... kinda like... well this article.

 

There are only 5 OCED countries with coporate Tax plans like the US.

Mexico, Ireland, Korea, Chile and Poland.

Outside Korea... not the most enviable bunch.



theprof00 said:
Didn't Obama want to pass a tax to foreign companies doing business in the US, and also end tax breaks for companies that offshored jobs?

Isn't Mitt like, the offshoring king, and has lots of money in the cayman?


Anyway, man it's really scary how elite the elite are.

True words.  The global elite are all in collusion it seems too.  In the US, with corporate personhood sheilding them from all kinds of accountability (we CEOs and managers didn't commit mortgage fruad, Wells Fargo did!  So go after the bank itself, leave us alone!) and the ability to spend however much money they want to essentially buy elections - it truly is scary how elite the elite are.

Whether Obama or Romney, we're all screwed.  Still, it'd be interesting to see Romney elected.  I feel like Obama gets a pass for being the first Black POTUS and the same people hounding Bush's policies say nothing while Obama has been an extension of his predecessor.  I think the people will be more adversarial with Romney in the White House and the anti-war and civil liberties folks will be up in arms again.

Bush got ripped for spying on Americans while Obama gets to not only spy via the national security state but also enable indefinite detention and even kill folks (US citizens) with no judicial oversight whatsoever... yet no one says a word.



Kenology said:
theprof00 said:
Didn't Obama want to pass a tax to foreign companies doing business in the US, and also end tax breaks for companies that offshored jobs?

Isn't Mitt like, the offshoring king, and has lots of money in the cayman?


Anyway, man it's really scary how elite the elite are.

True words.  The global elite are all in collusion it seems too.  In the US, with corporate personhood sheilding them from all kinds of accountability (we CEOs and managers didn't commit mortgage fruad, Wells Fargo did!  So go after the bank itself, leave us alone!) and the ability to spend however much money they want to essentially buy elections - it truly is scary how elite the elite are.


Again, that's not what's doing that.

CEO's ae totally able to be arrested for that.  They have been before.  They just weren't this time around.

For actual reasons why nobody big has gone to jail... please see the New York Times.

http://www.nytimes.com/2011/04/14/business/14prosecute.html?_r=2&pagewanted=all



Kasz216 said:
theprof00 said:
Didn't Obama want to pass a tax to foreign companies doing business in the US, and also end tax breaks for companies that offshored jobs?

Isn't Mitt like, the offshoring king, and has lots of money in the cayman?


Anyway, man it's really scary how elite the elite are.

Define didn't... because... well he doesn't.   He wants to tax local mulitnationals more... in a revenue nuetral way that won't actually raise taxes overall.

Either way... Mitt Romney actually has a tax plan that will raise taxes on foriegn multinationals.  A territorial system... like most countries now a days have to get stricter on multinationals.  One that democrats agree with...

http://www.realclearpolitics.com/2012/07/19/obama039s_job_council_likes_romney039s_tax_plan_285209.html

Meanwhile, Obama's tax plan doesn't really come in to effect until the money is repatrioted.  Which it doesn't have to be until the company plans to use it... and can be saved up for when the government gets desperate and offers "Repatritoin tax breaks" or just be used to improve buisnesses overseas.

It can all be stashed in hidden bank accounts and stuff until then... kinda like... well this article.

 

There are only 5 OCED countries with coporate Tax plans like the US.

Mexico, Ireland, Korea, Chile and Poland.

Outside Korea... not the most enviable bunch.

Interesting, so nobody has yet proposed that America should be taxing foreign multinationals that do business in the US? C'mon there has to be something.

Still, I don't like that Romney has money in the same places as the OP article. Really doesn't make me think any better of him. I like his tax plan, though.



Kenology said:

Corporate personhood must end.  And the international banking cartels need to be demolished.

Don't ask me how... short of a global revolution.

A run on banks globally will cause the fractional reserve house of cards to collapse.  Of course, everyone is so much in debt that they won't do this.  I actually thought this level of personal debt would of saved the banking system from collapsing, but I was proved VERY wrong in this front.