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To: William Terrell
but the corporations belong to and are creatures of United States,

Uh, no, and yes. This post is typical of the lack of clear thinking surrounding this issue.

Corporations are legal constructs as a vehicle for ownership of property. So, the corporation is a "creature" of the US (I suppose) but the US, as a government entity, has no moral claim of ownership on a corporation. Unless it bought it.

221 posted on 02/18/2004 7:48:44 AM PST by Taliesan
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To: Taliesan
Corporations are legal constructs as a vehicle for ownership of property. So, the corporation is a "creature" of the US (I suppose) but the US, as a government entity, has no moral claim of ownership on a corporation. Unless it bought it.

Corporations are the creations of the state's power to confer some kinds of limited liability to a business. A corporation is formed to insulate its individual administrators from personal fiscal responsibility for the corporation's activities, and for other purposes, mainly tax purposes.

A corporation is solely in the business to provide products and services and make a profit while doing it. They are completely and utterly the creation of a state, without which they would not exist.

289 posted on 02/18/2004 9:09:40 AM PST by William Terrell (Individuals can exist without government but government can't exist without individuals.)
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