Doubt They truly are private

Doubt

They truly are private interests and exist solely for the purpose of profiting for themselves. If Democrats are largely getting funding from unions while Republicans are being funded by private corporations then it is no wonder that Republicans have been at the forefront of helping the rich get richer while the few in Congress who have stood up for the average Doubt have, for the most part, been Democrats. Yes, Im aware that many Democrats are just as corrupt as the Repubs-not trying to defend them but I am saying the Dems are less corrupt than the Repubs in terms of advocating for the avg person. Problem is that politicians need money to fund their campaigns and the Supreme Court ruled that corporations can donate as much money as they want to fund those campaigns. Want to change the system? Then advocate for campaign finance reform. A politician who refuses to take money from big corporations is going to have trouble funding his/her campaign and probably wont get elected! American corporations are waaayy overprivileged, as anyone who Doubt formed one will testify. In fact, you specifically incorporate to take advantage of corporate privileges that reduce your liabilities and reduce your taxes. It only costs about 1600 one-time cost and obligates you to a little extra paperwork each quarter and a pretend board meeting once a year. LLCs are even cheaper and easier. Pretty soon we will consider it just the ordinary obligation of a parent to incorporate a child upon birth, like starting a college fund, etc. The tax benefits are spectacular: you can deduct EVERYTHING and you get on a more generous tax schedule. You can move your business winnings from high tax personal income to low tax capital gains thru stock options, stock grants, etc. Everything becomes a scam. Suppose you want a new car. The corp buys it as a company car, which you use at low or no cost, than after a year they sell it to you for a song. You can even start a car-lease division and run all your family cars thru that. Quite often these days, the founder of a corp sells his personal services to the new corp through a personal corp as a consultant, thus further insulating himself from liability and opening up further tax avoidance possibilities. You can even setup a stock deal for convertible preferred shares that are paid for by a loan from the corp. , thus getting in on a big IPO with no liability and no investment. Dick Cheneys failure to take that step at Halliburton left him open to shareholder suits when the Dresser Industries deal turned into a 20billion rotten egg, H went thru the floor, and Halliburton shareholders sued him personally for irresponsibility. Perhaps he enabled all those sweetheart KBR contracts in Afghanistan and Iraq in a deal to get out of those liabilities. Maybe, even, thats why we invaded.