Corporate dynasties, dividends, salaries, and perpetuity / by kevin murray

No matter how rich a given individual is, their time on this earth is finite; of which, only the smallest of percentages of people ever reach the age of 100, so that, there are virtually no superrich people that are 100 years of age or above, and of which, none of those superrich at such an advanced age, would be primarily motivated about making even more money, but instead would have already prudently taken the time to plan and thereby to allocate their assets to those organizations and people that do so appeal to them, while also being cognizant of applicable taxation laws.  One of those laws that so applies, is the estate tax law, of which, upon the death of a given individual, the state is permitted to tax that individual upon the worth of the assets so held, to thereby recover for that state, a fair portion of those assets, of a person that is no longer living, for the expressed benefit of that government of the people.

 

On the other hand, corporations are currently treated as if their existence is in perpetuity, so that there are corporations in America that have existed since the 19th century, and therefore are already well pass the normal length of a given individual's natural life, yet these corporations, despite their length in years, aren't getting any weaker or more irrelevant or being subjected to estate taxes, but are in many cases, growing and selling more, and thereby making more in profits, then they ever have previously done, with no imaginable end in sight.  Further to the point, corporations are an amalgamation of capital, infrastructure, and people, blended together, that clearly are significantly more powerful and influential than one individual or even group of individuals.

 

Because corporations are artificial creations so made by the laws of the subject country, of which the biggest and most influential of those corporations are publically held and publically traded, then therefore those corporations should be held accountable to robust governmental laws, including rules and regulations, so enacted to be of the most fair benefit for that country.  This thus signifies that, for instance, because corporations are never subjected to estate taxes, that therefore in order for this country to be able to maintain some sort of sanctioned influence upon these corporations, specific rules should be applied to them, that requires a reasonable percentage of their given earnings of each fiscal year, to be provided to the stockholders of record through mandatory dividends, as well as also having a specific pool of money distributed to those that are employed at said company, through a reasonably structured form of profit sharing.

 

In other words, those corporations that are profitable, need to be compelled by law to pay out a mandatory percentage by that law of those profits to their public shareholders as well as to their employees, each year; so that rather than corporations thereby increasing their monetary assets year after year, they are thereby forced to share some of that wealth with the very people that have enabled that corporation to become and to stay successful.  After all, it is an exceedingly dangerous thing for any democracy when capital is concentrated into corporate artificial creations, which never die; in addition to also getting stronger year by year, which thereby effectively replaces the people's voice, with some sort of bastardization which seemingly stipulates more or less, than what is good for said corporation is good for America, when in actuality, more times than not, it's simply good for that corporation, at the expense of America.