Despite what the Supreme Court and Mitt Romney say, corporations aren’t people. (I’ll believe they are when Georgia and Texas start executing them.)
The Court thinks corporations have First Amendment rights to spend as much as they want on politics, and Romney (and most of his fellow Regressives) think they need lower taxes and fewer regulations in order to be competitive.
These positions are absurd on their face. By flooding our democracy with their shareholders’ money, big corporations are violating their shareholders’ First Amendment rights because shareholders aren’t consulted. They’re simultaneously suppressing the First Amendment rights of the rest of us because, given how much money they’re throwing around, we don’t have enough money to be heard.
And they’re indirectly giving non-Americans (that is, all their foreign owners, investors, and executives) a say in how Americans are governed. Pardon me for being old-fashioned but I didn’t think foreign money was supposed to be funneled into American elections.
Romney’s belief big corporations need more money and lower costs in order to create jobs is equally baffling. Big corporations are now sitting on $2 trillion of cash and enjoying near-record profits. The ratio of profits to wages is higher than it’s been since before the Great Depression. And a larger and larger portion of those profits are going to top executives. (CEO pay was 40 times the typical worker in the 1980s; it’s now upwards of 300 times.)
But, hey, if the Supreme Court and regressive Republicans insist big corporations are people and want to treat them as American citizens, then why not demand big corporations take a pledge of allegiance to the United States?
And if they don’t take the pledge, we should boycott them. (Occupiers — are you listening?)
Here’s what a Corporate Pledge of Allegiance might look like:
The Corporate Pledge of Allegiance to the United States
The [fill in blank] company pledges allegiance to the United States of America. To that end:
We pledge to create more jobs in the United States than we create outside the United States, either directly or in our foreign subsidiaries and subcontractors.
If we have to lay off American workers, we will give them severance payments equal to their weekly wage times the number of weeks they’ve work for us.
We further pledge that no more than 20 percent of our total labor costs will be outsourced abroad.
We pledge to keep a lid on executive pay so no executive is paid more than 50 times the median pay of American workers. We define “pay” to include salary, bonuses, health benefits, pension benefits, deferred salary, stock options, and every other form of compensation.
We pledge to pay at least 30 percent of money earned in the United States in taxes to the United States. We won’t shift our money to offshore tax havens and won’t use accounting gimmicks to fake how much we earn.
We pledge not to use our money to influence elections.
Companies that make the pledge are free to use it in their ads over the Christmas shopping season.
This post originally appeared at Robert Reich’s Blog and is reproduced with permission.
2 Responses to “The Corporate Pledge of Allegiance”
Data Roaming • November 13th, 2011 at 1:13 pm
Apple’s United States webstore will start retailing unlocked, contract-free iPhone 4S: $649 and up. You can not anticipate to find 1 for one to two weeks, however all those stubborn on looking for the unlocked iPhone 4S throughout the united states might finally get one without jetting off to Sydney . Nearly 5 months back Apple inc started promoting the actual iPhone 4 unlocked in the states, the iPhone 4S is definitely joining the club, with a 16GB version selling for $649, the 32GB type for $749 along with a 64GB variant for $849. Just so you’ll be informed, the unlocked phone enables you to make use of any micro-SIM card from any GSM company world-wide, but it really would not play fine using CDMA providers similar to Verizon Wireless or Sprint. But indeed, the black plus white versions are actually available for order.
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