Sense from Seattle

Common sense thoughts on life and current affairs by a Seattle area sexagenarian, drawing on personal experience, years of learning as a counselor to thousands of families and an innate passion for informed knowledge, to uniquely express sensible, thoughtful, honest and independent views.

Saturday, November 06, 2004

Do Corporations Have Souls?

Maybe my Bible is hopelessly out of date, but I have not been able to find any place where it discusses the sanctity of the corporate soul - or in fact any mention of corporations whatsoever.

Think of it - the very concept of a corporation - your riches are invested to increase your yield without you having to do any work and with you having no responsibility beyond your investment for any harm caused to others by the corporation. Somehow that doesn't sound like anything the bible advocates.

Republicans further believe the income made on corporate investments, unlike the fruits of the daily labors of an individual worker, should be sanctified further by being exempt from income tax. Double taxation they call it, as if all taxation is not duplication - does not the factory worker pay income and payroll taxes on his wages and then pay sales, property, gasoline and myriad other taxes when the take home pay is spent?

Corporations, being impersonal by nature and having limited liability as a prime reason for their artifical creation, are more prone to causing wrongful injury. Arguing that artificially created limited liability is not enough to protect these passive stockholders, Republicans now want the law to be changed to create further corporate protections by placing limits on the rights of injured victims of corporations to receive compensation from juries of their peers. What's next, advocating that corporations should be entitled to serve as jurors? Actually, that is already happening to a degree - many corporations encourage their employees to serve when called for jury duty, by paying their regular job pay while on jury service, as a reminder to that juror that corporations do care about individuals and that should be taken into account when deciding a case against a corporate defendant.

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