Just in case the Supreme Corp's Citizen's United ruling didn't convince you...

this flub will be the highlight of his political career I predict..
Unbelieveable...I wonder if corporations would be accepted as members of his church with its own seat in the congregation?? LOL

What's so unbelievable? The "flub" is by the people in the crowd who apparently think corporations are owned by space aliens, or something.

IOW if you tax corporations, you ARE taxing people.

I'm no Mitt Romney fan, but this isn't exactly a flub on his part.

[This message has been edited by Forsyth Mike (8/11/2011)]

Baloney!!

Mike, that's... a rather tortured justification for what mittenz was saying.

But don't worry - he'll say the exact opposite tomorrow: he flips like a gymnast and flops like a fish.

I always thought this was people. I guess Mitt knows better than me. (shrug)

Right on Steve, I forgot about this movie!

Or, maybe an an allegorical take.

Actually, a late 1800's Supreme Court ruling gave corporations the same rights as individuals and basically gave them the same rights as people.....most likely a bad decision so it is mostly likely best to get over it.

The 1886 case Santa Clara County v. Southern Pacific Railroad, 118 U.S. 394, the Supreme Court recognized that corporations were recognized as persons for purposes of the Fourteenth Amendment.

Corporations are imaginary. That has always been the case and is the entire point of their existance.

If you tax a corporation, does nobody pay that tax? Where does the money come from?

From off-shore bank accounts, Rick.

The Corporation pays the tax, douche.

Corporations are a creation of people, not a person. Like most things created by people they are good and bad.
The good is that they allow a group of people to come together and start an enterprise bigger then any of them could do individually. It also gives a way for many people to invest and grow small amounts of money through stock purchases. The bad is that corporations can become a way to avoid responsibility for actions. The pressure is to maximize profits. Not necessarily a bad thing. The bad part is that corporations eliminate personal responsibility. This means that the board or officers that make disastrous decisions do not pay the fines or face jail time for those bad or even illegal actions. The only action left for these actions is fining the corporation, which can sometimes even use fines as tax loop holes. Any small business owner would be paying these fine out of their pocket and could be facing jail time if actions are illegal enough.
Something to remember is laws and regulations are created because someone or some corporation did something. So the next time you hear about a stupid or ridiculous sounding law or regulation, take a moment to wonder what stupid action caused this to be created? If you want corporation to behave more responsibly just pass one law that makes the decision makers pay fines themselves out of their own pockets and face jail time when actions turn illegal.

Amen, Steve.

Ditto to Steve's comment...Agree completely!! Corporations are used as a shield against prosecution, more often than not...

As to whether they should be taxed or not, small privately owned business owners are taxed so why should a big corporation get an even bigger advantage over the little guy by not being taxed? It is already too easy for them to smash the small business by sacrificing a quarter or two in earnings.

In addition to what Steve said, I think we need to distinguish between publicly traded corporations and private corporation.

In a publicly traded corporation some of the burden for ethical behavior needs to fall on the stockholders. Unfortunately, there are a lot of hedge-fund companies who as stockholders push for earnings alone and force the hand of the corporation to behave in a way that is questionable.

Stop Coddling the Rich.

Warren Buffett, the folksy Nebraska billionaire, says the government isn't collecting enough taxes from the super-rich. In an Op-Ed piece in The New York Times, Buffett says it is time for the federal government to stop "coddling the super-rich".

Buffett is one of the world's richest men. His Berkshire Hathaway company owns such diversified businesses as insurance giant Geico and the Burlington Northern Santa Fe Railroad.

Buffett argues he and his wealthy friends earn most of their money from interest and profits on investments and are taxed at a much lower rate than those who earn the bulk of their money from wages.

Buffett wants the special super committee of 12 members of the House of Representatives and the U.S Senate working on a debt reduction plan to include raising taxes on the wealthy as part of any agreement.

That committee was formed as part of the compromise that averted a U.S. default by raising the limit on the amount of money the federal government is allowed to borrow. In the weeks leading up to the deal Republicans had steadfastly opposed any increase in taxes as part of a debt reduction plan.

He says arguments that increasing taxes on things like capital gains will hurt job creation is nonsense. "People invest to make money, and potential taxes have never scared them off. And to those who argue that higher rates hurt job creation, I would note that a net of nearly 40 million jobs were added between 1980 and 2000. You know what's happened since then: lower tax rates and far lower job creation. "

Buffett wants the higher tax rates to apply the more than 236,000 Americans who earn a million dollars or more a year.

Stone,
http://milescity.com/foru...11/#209211

Ya but Howdy, I got more.

Matthew 19:23-Then said Jesus unto his disciples, Verily I say unto you, That a rich man shall hardly enter into the kingdom of heaven.

Matthew 13:22 The one who received the seed that fell among the thorns is the man who hears the word, but the worries of this life and the deceitfulness of wealth choke it, making it unfruitful.

Matthew 19:22 When the young man heard this, he went away sad, because he had great wealth.

James 5:1 Come now, you rich, weep and howl for your miseries that are coming on you.

Matthew 19:24 Again I tell you, it is easier for a camel to go through a needle's eye, than for a rich man to enter into the Kingdom of God."

Mark 10:23 Jesus looked around, and said to his disciples, "How difficult it is for those who have riches to enter into the Kingdom of God!"

Mark 10:25 It is easier for a camel to go through a needle's eye than for a rich man to enter into the Kingdom of God."

Luke 1:53 He has filled the hungry with good things. He has sent the rich away empty.

which, of course, means that those ultra conservative voters will end up in a very warm climate someday LOL...

Stone, stone stone... don't you realize that "The Eye Of The Needle" was a very very very small gate in the wall of Jerusalem that required camels to crawl through on their knees?

Doesn't that make more sense?

It appears that Brother Stone has commenced casting pork chops into the synagogue. (I guess that is better than Brother Porkchop casting stones into the synagogue.)

I'll understand that in a few hours and by hours I mean bong rips and by understand I mean eat a six pack and a pound.

Hal, that is funny as hell.

Yeah, kind of funny. But there's some truth to it.

Hal: Best. Post. Ever.