bergie321
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Thu Jan-21-10 06:58 PM
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The Stock Market is Now Illegal |
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The Supreme Court today declared that corporations are people. It is illegal to own a person under the 13th Amendment to the Constitution. Therefore, owning stock in a corporation is illegal.
/discuss
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Odin2005
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Thu Jan-21-10 06:59 PM
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RagAss
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Thu Jan-21-10 06:59 PM
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Edited on Thu Jan-21-10 06:59 PM by RagAss
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GreenPartyVoter
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Thu Jan-21-10 06:59 PM
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3. Now that's interesting. Thanks for the thought. |
Mz Pip
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Thu Jan-21-10 07:00 PM
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They must be emancipated now!
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madinmaryland
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Thu Jan-21-10 07:02 PM
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6. Damn! I just wanted to FREE THE DUCK!! |
Better Today
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Thu Jan-21-10 07:01 PM
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5. Nice catch. I'm sure it will do us no good whatsoever, but very good. |
KingFlorez
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Thu Jan-21-10 07:02 PM
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Alias Dictus Tyrant
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Thu Jan-21-10 07:04 PM
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8. It only applies to Natural Persons. |
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Or at least that is what the courts will say. The term "natural persons" referring to the generic, ordinary kind.
There are several classes of "person" under the law (or at least English law).
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Alias Dictus Tyrant
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Thu Jan-21-10 07:08 PM
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...that there are myriad loopholes in the law that could be exploited toward strange ends if no such distinction exists.
It seems improper to me, but there are some cases where something is only made illegal for Natural Persons as a class (meaning, entities that are not Natural Persons are exempted).
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Alias Dictus Tyrant
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Thu Jan-21-10 07:14 PM
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12. Okay, second addendum |
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As an additional point, all corporations must be ultimately owned by Natural Persons, even if it is through a very long chain of other entities.
As interesting as the concept sounds, it is not legally possible to create a non-Natural Person that does not resolve to a responsible Natural Person, though it is possible to construct Byzantine relationships that can simulate it relatively closely. If, for example, you created a free-willed Artificial Intelligence tomorrow, there is no legal mechanism by which they could not be property.
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sharesunited
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Thu Jan-21-10 07:05 PM
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9. That seems backwards, though. Who owns whom? |
calico1
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Thu Jan-21-10 07:11 PM
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11. If you have a 401k or any investments then |
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you too are a slave owner.
:hi:
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atmame77
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Thu Jan-21-10 07:36 PM
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13. A Corporate Person is a Farce |
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A interesting twist. They used the 14 amendment to say that corporations are "persons" and now spit on that amendment to claim ownership of "Persons". You know there might be something to this. Better subpoena a corporation to testify under oath. I mean it, courtroom drama. A piece of paper sitting in the witness stand. No hands to raise, no voice to speak with, no brain to think. This whole calling a Corporation(BUSINESS CONTRACT)a "Person" is a farce.
Doug
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Kadie
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Thu Jan-21-10 07:50 PM
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14. Maybe there are a few corporations we can have arrested and sent to jail. |
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that would be something....
Welcome to DU atmame77!
:hi:
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Melissa G
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Thu Jan-21-10 11:19 PM
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15. Grayson is just the person to exploit the personhood of corps |
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There ought to be new bizarre things corps can be sued for because if this law. Oh Lawyers, Tell us of the twists and turns....
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Duer 157099
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Thu Jan-21-10 11:22 PM
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16. Frankly I think that's the solution |
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It can be argued that the stock market, and what it represents, has caused many of the problems we are now struggling with, because it gives the illusion (to the stockholders) that the interests of the corporations that they hold stock in are the same as their personal interests, and in almost all cases, that's not true. And yet people will defer to the interests of the corps because of the pennies they get kicked back for doing so.
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Kablooie
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Fri Jan-22-10 02:00 AM
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17. Corporations also don't wear clothes. That's illegal most places. |
HooptieWagon
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Fri Jan-22-10 02:21 AM
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18. I'm willing to bet the SCOTUS will allow same-sex mergers. |
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Edited on Fri Jan-22-10 02:23 AM by HooptieWagon
That will make the talibornagain's heads spin....
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JDPriestly
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Fri Jan-22-10 02:25 AM
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19. bergie321. Great. Now let's argue that before SCOTUS. |
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Edited on Fri Jan-22-10 02:28 AM by JDPriestly
I haven't read the decision, but I gather that Kennedy argued that corporations are a form of association and that associations have equal rights under the Constitution. It would seem to me that if they have equal rights as humans, then they could be subject to the same limitations as humans. Thus, if limits can be set on how much individuals can spend on campaign contributions, those limits would also apply to corporations and other associations. Also, it would seem to me that the corporations and other associations would be subject to a lot of other laws such as the death penalty.
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TexasObserver
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Fri Jan-22-10 02:26 AM
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20. Judgment Day: The day Corporations became self aware. |
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Maybe James Cameron can make a film about it.
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jotsy
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Fri Jan-22-10 12:44 PM
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21. I wouldn't have believed I could laugh so hearty so soon. |
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Thank you so much.
:applause:
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Lorien
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Fri Jan-22-10 02:36 PM
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22. I just sent this to my congressman, Alan Grayson |
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let's see what he can do with it.
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fascisthunter
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Fri Jan-22-10 02:37 PM
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23. thank you for making their argument look stupid |
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there is no such thing as corporate personhood, and the argument for it is dishonest and stupid.
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