I wonder if he knows? If he could take all their money, they run out before his give away is well under way. Geez, this is sickening to watch. People pandering to those that want stuff, want to vote to take from people, so they can receive some stuff. It wasn't all that long ago, Democrats did not do this, it was only the communist. What worse is, people like it! "Hope" for it!
Wow! What a thing to be against. I had a house built once, paid for about 60% of it by selling stock that I bought with a payroll deduction every pay day. Seems like a decent system to me. WTF makes a man think in such a bent way?
HA! Well you don't need to OWN it if you intend to confiscate all the profit. Ought to hang a SOB with that in plan.
I've never understood the indignation on the left about corporations. They're just business structures that allow groups of investors to accomplish collectively what would be too much individually. (Yes, I know that small corporations can be owned by individuals, but I'm talking about the big, "EVIL" corporations). Look around your house, heck look at your house itself and just about everything you own and tell me how much of it wasn't made by a corporation. While I agree that the tax code needs to be reworked to take care of some obvious inequities, this anti-corporation baloney is like trying to kill the golden goose.
It's not just above pooling money to achieve something. It's about forming capital and eliminating liability for the investors from the corporation's lawsuits.
Agreed, but that wasn't the point I wanted to make. Rather, I was pointing out that corporations are essential to our modern society and all of the things we wear, eat, play with, ride in, amuse ourselves with, etc.
Agreed. I'd add that the corporations are tax collectors and write really big checks to the government all the time. Payroll withholding and employer contributions to FICA, etc. Without them, we would be in a situation worse than the Great Depression. Way more unemployment than back then. Also, the stocks of the corporations are held by common people, and more importantly, their retirement funds and 401Ks.
Tiny companies collect payroll taxes, too. 1000 companies with $100,000 payroll each, collect as much tax as 1 corporation with 1000 times as much, $100,000,000. A nation of many small companies results in permanent Depression? Nonsense.
Oh yeah, we'd be naked without corporate clothes. In no way are big corporations essential to capitalism, much less modernism.
Nobody is against corporations. They are against the greed associated with some of them, in the forms of paying no taxes and treating their employees unfairly. They are also against the profit at any cost mantra, which puts profit over public health and the environment. The stuff they make is usually pretty cool and nobody wants to kill the "golden goose" but we dont want to get golden shit on either.
If it saves them taxes, rich conservatives want less collectivism, less economy of scale, more rugged individualism. If it increases their profits, they want bigger corporations, more conformity, more militarism.
Big corporations support many individuals that have some work skills, but do not have enough skills necessary to own and operate a small business. To be a small business owner requires wearing a lot of different hats. The smaller a business is, the more all of their employees also need to have multiple skills for the business to be successful, not just the owner. Without large corporations, people with limited working skills that would not be productive in a small business environment would need to work for the only large employer left, some governmental agency. Not sure if a nation of only small businesses would result in a depression? However, a lot of people would either not have a job while living off of the governments tit, or, would need to work for the government. I do not see how a country of only small businesses would result in a healthy environment, let alone be an improvement over a system that includes both large and small corporations, especially in this global business age we now live in.
The big corporations employ at least 18,000,000 people. Unemploy (SIC) them and you have depression era numbers. Walmart employs at least 2M employees and pays $70B in payroll (as of 2009). That's 700 times bigger than your example of a big corporation. So you need only 700,000 of your $100K payroll sized companies to replace just the one corporation.
Not only is all that true, but if you have a big corporation like Google, it has sufficient money to invest in things like self-driving cars (one example). Those things are not what $100K payroll companies can afford in R&D. Without big Pharma... A lot of people would die much younger or live with debilitating health issues the drugs those companies invest R&D into and come up with.