Are Corporations good for liberty?Submitted by fonzdrew on Thu, 11/29/2012 - 23:35
The definition of a Corporation:
A legal entity that is separate and distinct from its owners. Corporations enjoy most of the rights and responsibilities that an individual possesses; that is, a corporation has the right to enter into contracts, loan and borrow money, sue and be sued, hire employees, own assets and pay taxes.
The most important aspect of a corporation is limited liability. That is, shareholders have the right to participate in the profits, through dividends and/or the appreciation of stock, but are not held personally liable for the company's debts. (from www.investopedia.com)
I bring up the question if Corporations are good for liberty, because it seems to take away some personal responsiblity. Corporations get taxed, send lobbyist to DC to get tax breaks, or even deals, and as a result we have corporatism, which is also bad for liberty. I am interested in others thoughts and input on this issue.