Dennis Spisak, Green for Governor of Ohio, via IPR facebook:
Ohio corporations are chartered by the State, “for the public good”, and the State has the power to control corporations through their charter. Ohio has in the past even revoked charters that are abused. We need to implement legislation, specifically the state corporate code, that will enable Ohio citizens to control corporations for our service. We also need to ensure that state officeholders, specifically the Attorney General, fulfill their obligations to challenge corporations that exceed their chartered authority or seek to govern.
Ohio taxation needs to be fair and equitable. We need to eliminate tax loopholes and other forms of corporate and personal welfare for those with large assets. This will help provide resources for the investments in education, infrastructure and innovations needed to grow a healthy Ohio through the twenty first century.
face book us at Dennis Spisak Ohio Governor 2014
So just outlaw doing any of those things and problem solved, right? 🙂
It’s impossible to “punish” a corporation in the progressive sense, insidious though they may be. They’ll raise their prices, cut wages, move out of state, move out of the country, or just plain go out of business & put their workers in bread lines. Few companies will accept losses or decreases in profit, even if they can “afford it”.
The best way to truly punish corporations is to take away the government cronies who bail them out, give them subsidies & sweet-house deals, and cover up legitimate fraud & abuse, not to mention pass laws that protect them from prosecution.
Limiting government power will limit corporate power. But to do so will take a mass grassroots effort to vote against the big-money parties & vote for the little guys who will do what’s right for this country.
Or out of existence?
Conservatives and libertarians have a point about corporations moving to other states because of taxation in certain states. That’s why any leftist economic plan needs to be centralized nationally. lso some sort of freezing of corporate assets to prevent them from moving out of the country.
Jed, agreed.
A shame that isn’t in the Constitution, which is why I still insist it’s a good document that doesn’t go far enough.
Why do we need the state to charter corporations at all? How about a separation of government and business?
“…corporations are chartered by the State, “for the public good”, ” and in fact, we get a lot of public good from corporations – goods and services are provided that people voluntarily pay for.
The state of Ohio is not chartered “for the public good” and apparently does little for the public good.
Progressive rhetoric about corporations goes beyond the libertarian critique of corporate welfare and the mixed economy. Desiring the right to abolish corporations, seeing them only as creatures of the state, shows the underlying totalitarian mentality that increasingly affects people on the left.
Jed: also expressed as
Most states require corporations to register (i.e., pay taxes to Caesar) in their states in order to do business there. For example, in New York a foreign (i.e., out-of-state) corporation or LLC may not transfer real property or file a lawsuit in New York Courts without first registering with the NY Dept. of State.
Although I am not sure, it’s likely Ohio is the same.
There is no advantage whatsoever to incorporating in Delaware or Nevada if you are going to do business in other fora.
So all Ohio would have to do is ban out of state corporations from doing business there, and problem solved, right? 🙂
How about, “Control the Politicians” instead?
Or, we could be like Democrats and Republicans, whose guiding principle is “Control the People”.
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Sounds like a good plan…to get all Ohio corporations to relocate their charter to Delaware or Nevada.