Slade3200
Diamond Member
- Jan 13, 2016
- 66,986
- 17,029
Way to throw in the towel on a civil argument. You lose. DragonLady wins after one round. Thanks for playingwhen the gov can run their own business without dividing a country, they can talk. until then, the gov has zero businessing telling corps how they must run.What a dumb bitch ... They are losing on RTW, they lost with citizens united so now they are trying to find another way in.
Elizabeth Warren's New Bill Aims to Reinvent U.S. Capitalism
U.S. Senator Elizabeth Warren has a plan to rewrite the rules for large U.S. businesses--and it's a provocative one.
The Democratic Senator from Massachusetts is introducing a new bill on Wednesday that would require corporate executives "to consider the interests of all major stakeholders in company decisions--not only shareholders," Warren wrote an op-ed for The Wall Street Journal. The Accountable Capitalism Act would require companies with more than $1 billion in annual revenue--including Facebook, Google, and Amazon--to comply with a federal charter that looks out for workers' interests. Currently, U.S. businesses secure corporation charters from states, not on the federal level.
One of the biggest changes that the bill proposes is for employees to elect at least 40 percent of board directors. The bill also seeks to impose limits on when executives can sell company shares. Directors and officers would have to hold shares for five years before
selling them, or in the case of a company stock buyback, three years. Warren's bill also takes aim at political contributions by requiring approval for all political expenditures from at least 75 percent of shareholders.
The corporations wouldn’t even exist if not for the government which authorized the incorporation and established the laws under which they function in the first place. Corporations are the creation of government and as such the government has every right to set the rules and laws which govern them.
Corporations are the biggest users of government infrastructure and services in the country.
In order for corporations to be successful, they require an educated work force, a stable and secure government, and protection for intellectual property and inventions. All of which are provided by government.
The corporations wouldn’t even exist if not for the government which authorized the incorporation and established the laws under which they function in the first place.
Oh, so the government can do whatever they want. DERP!
Considering that the government sets the laws which govern corporations and gives them the authorization to exist, and sets the rules under which they operate, the short answer is “Yes”.
The short answer is screw you Commie.