I do need to make one correction from last night's post. Where I said "corporation" I should have said "limited liability entity." Any entity that is a limited liability entity created by law should have to issue 10% of its equity stake to the government.
Also, such entities should not have constitutional rights. End the legal fiction of a corporation being a "person." Treat them as what they are: tools of wealth creation. Not persons.
Friday, September 25, 2009
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