Corporations vs. the Individual
Corporations and the Free Market
by Gene DeNardo
Friday, November 14, 2008
Exploring how Corporations came to be, what that entailed and how they affect a free marketplace.
Whenever a fundamental change to the status quo economy is suggested, countless "crazy baldheads" standup and shout "Free Market" as if just the mention of these two sacred words deny all the existing controls and privileges that exist in our "real market". Many of these same zealots applauded the brave actions of Prince Paulson when he heisted his three quarter of a trillion dollar corporate bailout plan across the face of America. After all, what would our "Free Market" be without our beloved monopoly corporations, who seem so all encompassing and all pervasive that they could only have come into existence by the hand of God eons ago!
The Corporation is concept that has evolved over the last few centuries to become the single most important factor and dominant force in our modern lives. There is hardly a human activity that doesn't involve or isn't controlled or at least monitored by a corporation. We work for them in their buildings, we walk their streets, our kids play on their fields, we eat their food, we breathe the air they pollute, we sleep in their beds, we watch their TV programs and we send our taxes to a government that gaurantees their profits.
You have probably heard the cliche, "we could start all over from scratch and things would turn out exactly the same as they are now". This usually infers that the same people would be rich, the same poor and subsequently life with the mega nationals would be just like it is today. We would all be the same big, happy family. Hardly..
By definition, a Corporation is a group or "body" as opposed to an individual. Individuals do not normally organize into larger groups of their own free will unless it is of some advantage to its members. In this instance, this is certainly the case, with the assistance of an extremely forceful state. A Corporation is body organized to achieve an advantage over individuals. It has no advantage by definition over other corporations, but it seeks to "equal" itself, put itself on a level playing field with other corporations.
Undoubtably the biggest advantage corporations enjoy is that of "limited liability". It means exactly what it says; corporations have a limit to what they are liable for, while this certainly is not true for an individual. A shareholder, one who invests and shares ownership of this body [corporation], is liable only for the amount invested.
Continue at: Nolan Chart
Whooo-hooooo! Something I
Whooo-hooooo! Something I posted made it's way to the front page! Not that I can take credit, I didn't write it, but it still feels good to know I am helping spread some truth.
Hehe..
congrats.
;)
.
"Wobbles but doesn't fall down" - weebles
Taxes? What taxes?
To me it's a no brainer. And I ain't that smart... believe me.
The only way to absolve one's self from federal taxes is to incorporate. There is no more effective SHORT TERM method to conduct financial affairs, free from the theft of federal government than to incorporate and produce a very slim paper profit or none at all.
And in today's climate of incompetence and financial chaos it's readily accepted that a 'corporation' would have difficulty being 'profitable'.
When I was 25 I accidentally discovered that owning a school was an almost perfect tax shelter. So many purchases done for the school were used to supply daily needs of our family as individuals.
Imagine writing off food, shelter, books, paper, pens, art materials, clothing, transportation, insurances, local taxes, sales taxes, interest, depreciation on your home and other major investments like remodelling and even a 'farm' program for students.
Computers, TV's, stereo's, toys, athletic equipment, utilities, entertainment and even things given as gifts.
Unlike my previous life as a teacher, I paid myself (corporation) first and Uncle Sam last... if at all. When I was struggling as a teacher, working 60 hour weeks, I got the leftovers.
With the leftovers I paid for food, shelter, transportation, insurances, local taxes, sales taxes, interest, the gardening, computers, TV's, stereo's, toys, athletic equipment, utilities, entertainment and gifts to others.
When I worked hard for my educational corporation I kept almost all of the fruits of my labor AND the labor of my employees.
"GINO" = Government In Name Only
But...
The price you pay for those "bennies" is you hand over control of your government to the mega-corporations (fascism).
And those "bennies" are procured by a special contract with the govt (anti-libertarian).
Small corporations are "uncle tom/porch monkey" slaves of the govt and large corporations are Masters of the govt.
Nothing is free, and everybody has a price...
.
"Wobbles but doesn't fall down" - weebles
Weebles,
When you say, "The price you pay for those "bennies" is you hand over control of your government to the mega-corporations (fascism)."
You make it sound like small business has caused the problem and has no power to resolve it.
If millions more Americans simply incorporated their business activities and used the tax code to pay themselves first vs Uncle Sam, it would slow the revenue stream to D.C.
Big corporations use these same codes.
All I know is my plan allows me to sturcture for the Zimbabwee effect that is coming at us.
By buying farmland (w/natural gas well), farmer's services, silver/gold and multiple shelters to house my labor force, I am positioning for the difficulties to come.
"GINO" = Government In Name Only
IT is currently the best vehicle for transferrng wealth from
generation to generation bar none.
Depreciation schedules etc make for VERY EASY elimination of "profits" and allow you to show slim profits or losses and allow you to accumulate assets in a manner which eliminates most if not all taxes. Remember it's NOT how much you have but how much you CONTROL that is important. Why own things which create liabilities... why not just control it for your benefit?
The Liberty a society retains is inversely proportional to the number of Lawyers in the Government.
And beyond that the
And beyond that the corporation allows me to choose where I want to lose money. I vow to deprive the Washington District of Crime of money for illegal activities by investing locally and giving locally.
"GINO" = Government In Name Only
Corporations should be tossed....
and replaced with a general set of business laws that apply equally to individuals and groups of individuals.
No special treatment with regard to liabilities and no special exemptions from laws and taxes/fees. If a person or groups of persons screws up and damages other people's lives and properties they need to pay the cost up to the point of bankruptcy just like everyone else has to do individually if they screw up.
The only "corporations" should be very rare and for things like running a nuclear power plant where there is extreme danger from radioactive materials. Should be exceedingly rare.
Corporations are essentially a special contract with the govt to exist and to get special treatment which goes against the very grain of libertarianism at all levels.
Corporations are a statist open door to fascism and creates a specially-privileged business class of citizens (plutocracy).
.
"Wobbles but doesn't fall down" - weebles
Bumpity-bump-bump.
Bumpity-bump-bump.
That is why all your
That is why all your governments right down to your local courts and school districts are incorporated. So they can oppress individuals with impunity. And brain dead Americans refuse to believe it.
-----
End The Fat
70 pounds lost and counting! Get in shape for the revolution!
Get Prepared!