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Why this obsession with corporations, which are so much less powerful than government?
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If any grouping of humans wants to give some of the money it’s accumulated to a political campaign, why should it be prohibited? The first amendment says, “Congress shall make no law respecting the establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press, or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.” Corporations are simply one of the many ways people peaceably assemble. You cannot restrict the rights of corporations without also restricting the rights of the people who own the corporations. That was the logic at the heart of the Supreme Court’s Citizens United majority decision.
The occupiers fervently believe that corporations have far too much political power and that what we’ve got is a “corporatocracy.” If that’s true, why do we have the second highest corporate income tax rate in the world (35 percent)? Why haven’t corporations directed their political puppets to reduce it to zero?
It would be easier to argue that labor unions have too much power. The Democrat party ought to be called what its British equivalent is called: The Labor Party, or better still, the Union Party.
One complaint that has the potential of getting support from both the left and right is “corporate welfare.” (Several specific examples were discussed in the Wall Street Journal’s lead editorial Monday.) I know of not a single one of the countless subsidies to businesses and industries that can be economically justified. Any business that can’t survive without subsidies should not survive. A broad-based focus on these ill-founded policies would be a welcome addition to the current political season. Maybe the OWS and the Tea Party share some common enemies.
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?