Friday, September 25, 2009

Correction

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.

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