Wednesday, March 11, 2009

Corporations and Taxation

I wrote before on Taxation as a mathematical quest for the best rate. In addition, I touched on the idea that Corporations are disproportionately represented in Government. http://slashdot.org/~impengo/journal/190784 In point of fact, Corporations are not citizens, although we can legitimately speak of corporate citizenship. The proof that a corporation is not a citizen, is that it cannot be sued for treason. The question must then be asked: Should an entity that is not a citizen is some way be represented at all in Government? In a capitalist system, I suppose that an answer in the negative would be disastrous. However, IF money is the sole purchaser of representation, Corporate contributions dwarf the contributions of the citizenry, taken as lobby money and Taxes together. The solution that suggests itself here is thus: Institute campaign finance reform in such a way that lobbying contributions are limited to some yet to be agreed upon proportion of taxes paid - not necessarily less than 100% or 1 time, but not 500 times for example. Then private individuals could also contribute personally to the candidate of their choosing, in proportion to taxes THEY have paid, but not more. This motivates Corporations to pay taxes, without deterring the populace from participating financially in the elections. If you want to hear what a candidate has to say, send him or her some amount of currency for television ad time. The alternative is a Television Fairness doctrine - equal time for opposing views. More on a Fairness Doctrine later - suffice it to say that The opposite of Sour is Sweet, but the opposite of Sweet might be Salty.

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