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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (759696)12/28/2013 10:30:10 AM
From: SilentZ  Read Replies (2) of 1576711
 
>
Just as I thought, Z, you do a search on Google and find a link that takes a Romney quote out of context.

>Raising taxes on corporations inevitably raises taxes on people. That's what Romney meant. It had nothing to do with limited liability, nor does it have anything to do with "special treatment" that corporations supposedly enjoy.

Out of context? It was just a year after the Citizens United decision, in the first presidential election in its wake. Corporate personhood was coming up over and over and over at the time. Romney knew the context. If he didn't, he's incredibly tone deaf.

Obviously corporations as entities aren't entirely "people." But we treat them more and more like them these days. And whether we did or didn't, it doesn't change that the people involved in them are a special protected class.

Would you get away with this? rollingstone.com

HSBC's execs did. They're protected by limited liability. This does disproportionately protect the wealthy. The poor have no benefit like this.

>Ironically, those who want to raise taxes on corporations are guilty of treating corporations as "separate entities" from actual people.

Limited liability does make those people separate.

-Z
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