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kentuck

(111,103 posts) Fri Mar 27, 2020, 04:40 PM Mar 2020

If corporations are "people"...?

Why do they get more than the $1200 that "people" get in the emergency funding?

(I saw this question on FB)

4 replies

= new reply since forum marked as read

Highlight:

If corporations are "people"...? (Original Post) kentuck Mar 2020 OP

Stormy got $130,000 underpants Mar 2020 #1

Because... Newest Reality Mar 2020 #2

More accurately, they're a group of persons. TwilightZone Mar 2020 #3

They aren't people. They are legal "persons," The Velveteen Ocelot Mar 2020 #4

underpants

(182,829 posts)

1. Stormy got $130,000

Reply to kentuck (Original post)

Fri Mar 27, 2020, 04:42 PM

Mar 2020

Newest Reality

(12,712 posts)

2. Because...

Reply to kentuck (Original post)

Fri Mar 27, 2020, 04:42 PM

Mar 2020

Some people are more people than others.

Just borrowing from Orwell there.

TwilightZone

(25,471 posts)

3. More accurately, they're a group of persons.

Reply to kentuck (Original post)

Fri Mar 27, 2020, 04:49 PM

Mar 2020

Most corporations, particularly those that would be getting bailout money, aren't one person. Romney's "Corporations are people" is a misnomer. A corporation isn't a person; it's a group of persons.

NPR covered this pretty well in 2014:

https://www.npr.org/2014/07/28/335288388/when-did-companies-become-people-excavating-the-legal-evolution

The Velveteen Ocelot

(115,733 posts)

4. They aren't people. They are legal "persons,"

Reply to kentuck (Original post)

Fri Mar 27, 2020, 05:56 PM

Mar 2020

which means they have a legal identity separate from their shareholders for the purposes of liability and of the capacity to sue and be sued - a concept that has been blown out of all reasonable proportion.

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