Corporations Enjoy More Rights and Privileges than Humans

"If companies are claiming the rights and privileges of people, maybe people should start claiming the rights and privileges of corporations."

#Companies

Tue, Jul 29th, 2014 00:41 by capnasty NEWS

On The Washington Post, opinion columnist Catherine Rampell thinks that if the U.S. Supreme Court can grant companies the "freedom of speech and religion" because "corporations are people," then the opposite should also be true, since "we’re now all indistinguishable, equally protected “persons” — in the court’s eyes, anyway."

According to Martin Sullivan, the chief economist at Tax Analysts, if individuals were treated like corporations, I could set up an affiliate called “Catherine Rampell Bermuda,” have it pay my college tuition and then declare that the affiliate owns the resulting degree. I could then tell the IRS that everything I earn above the average high school grad’s wage should be recorded as income in Bermuda, since it’s all derived from a Bermuda-based asset. Until I decide to repatriate those diploma-derived earnings, I’ve built myself a tax-free IRA.

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