One of the mindless mantras coming from the left and repeated endlessly by President Obama is this idea that corporations are not people. Does the president really believe this? It’s hard to say.
But what’s clear is that, to believe such a thing, you’re required to suspend all rational thought and ignore both the Constitution and over 200 years of legal precedent. Romney was mocked for telling liberals that, “corporations are people.” He received jeers from hecklers for this statement, but he underscored his point by saying that “everything corporations earn ultimately goes to people.” The hecklers laughed derisively and Romney asked a question they, nor any other liberal, has ever effectively answered. Regarding earnings made by a corporation, he asked them, “where do you think it goes?”
It’s a question I would challenge any liberal to answer. If corporate earnings do not go to people, where do they go?
More to the point, how do corporations begin? Do they just spontaneously appear? How do they grow? Who makes their products or deliver their services? Who signs the documents creating the corporation and regulating it? When corporations fail, what happens to them? These are all questions with a very obvious answer. An answer that even a liberal can figure out, if they try real hard!
And while President Obama repeats the “corporations are not people” mantra to mindless liberals, his administration knows better and acts accordingly. To prove the point, I’ll offer two relevant examples.
TAXATION WITHOUT REPRESENTATION?
First of all, we know the American Revolution took place mainly over the idea of “taxation without representation.” Paying taxes was not so much an anathema to Americans as much as the thought of being taxed without having a voice in the parliament. If they had no voice, how could they feel they were being taxed in a fair and legitimate way? They couldn’t, and thus the American Revolution began to take shape.
Deeply embedded in the American psyche is this idea of the unfairness of taxation without representation. Those who pay taxes must have a voice in what taxes will be payed, how much, and how often.
Now, here is another question that even liberals can get. Do corporations pay taxes?
Just nod your head. Yes, they pay taxes.
They pay all kinds of taxes, as does every employee of the corporation. But if corporations are not people, then they shouldn’t be paying taxes, correct? But they do, and therefore, just as a corporation has a right to take out an ad to market it’s products or services, it has a right to petition Congress. On to my second point.
CAN CORPORATIONS BE PROSECUTED?
If asked if a corporation can be prosecuted, the average person might have to take some time to think this over. On the one hand, employees of a corporation can certainly be prosecuted. But, can the corporation itself be prosecuted?
The Obama Administration’s answer to this question is a resounding YES! How do we know this? Well, as the Wall Street Journal will point out in tomorrow’s print edition (posted online just hours ago)…
A persistent media-liberal lament—make that a cliché—is that too few financiers have been prosecuted for the financial crisis. But maybe that’s because when the Obama Administration tries to prosecute a specific individual for a specific crime, it turns out there was no crime.
So, instead of prosecuting individuals, the Obama Administration is prosecuting the companies in hopes of getting convictions. The WSJ had this to say of this interesting new twist…
The Journal recently reported that another enforcement action against J.P. Morgan will include no charges against individuals. And on Tuesday New York Attorney General Eric Schneiderman sued Credit Suisse CSGN.VX +1.75% over still more mortgage deals, and again with no human defendants. What a concept: wrongdoing by banks that includes no wrongdoing by any bankers.
So, while the Obama Administration says one thing (corporations aren’t people), they are doing another (treating corporations like people). What do they call someone who does that?
So, as Romney pointed out last year, of course corporations are people. They can be nothing else.
Just as government itself is “of the people, by the people, and for the people,” corporations are also “of the people, by the people, and for the people”; only, on a more limited scale and subject to the authority of state and federal government. All are made up of people, all pay taxes, and all must have the right free speech as outlined in the First Amendment to the Bill of Rights.