The Stock Market is Now Illegal

[bergie321]

The Supreme Court today declared that corporations are people.

It is illegal to own a person under the 13th Amendment to the Constitution.

Therefore, owning stock in a corporation is illegal.

/discuss

[Odin2005]

1. K&R

[RagAss]

2. Buy ! Buy ! Buy !!!

[GreenPartyVoter]

3. Now that's interesting. Thanks for the thought.

[Mz Pip]

4. Free the Stocks!!!!!

They must be emancipated now!

[madinmaryland]

6. Damn! I just wanted to FREE THE DUCK!!

:shrug:

[Better Today]

5. Nice catch. I'm sure it will do us no good whatsoever, but very good.

[KingFlorez]

7. Good catch

[Alias Dictus Tyrant]

8. It only applies to Natural Persons.

Or at least that is what the courts will say. The term "natural persons" referring to the generic, ordinary kind.

There are several classes of "person" under the law (or at least English law).

[Alias Dictus Tyrant]

10. I will add...

...that there are myriad loopholes in the law that could be exploited toward strange ends if no such distinction exists.

It seems improper to me, but there are some cases where something is only made illegal for Natural Persons as a class (meaning, entities that are not Natural Persons are exempted).

[Alias Dictus Tyrant]

12. Okay, second addendum

As an additional point, all corporations must be ultimately owned by Natural Persons, even if it is through a very long chain of other entities.

As interesting as the concept sounds, it is not legally possible to create a non-Natural Person that does not resolve to a responsible Natural Person, though it is possible to construct Byzantine relationships that can simulate it relatively closely. If, for example, you created a free-willed Artificial Intelligence tomorrow, there is no legal mechanism by which they could not be property.

[sharesunited]

9. That seems backwards, though. Who owns whom?

[calico1]

11. If you have a 401k or any investments then

you too are a slave owner.

:hi:

[atmame77]

13. A Corporate Person is a Farce

A interesting twist. They used the 14 amendment to say that corporations are "persons" and now spit on that amendment to claim ownership of "Persons". You know there might be something to this.
Better subpoena a corporation to testify under oath. I mean it, courtroom drama. A piece of paper
sitting in the witness stand. No hands to raise, no voice to speak with, no brain to think.
This whole calling a Corporation(BUSINESS CONTRACT)a "Person" is a farce.

Doug

[Kadie]

14. Maybe there are a few corporations we can have arrested and sent to jail.

that would be something....

Welcome to DU atmame77!

:hi:

[Melissa G]

15. Grayson is just the person to exploit the personhood of corps

There ought to be new bizarre things corps can be sued for because if this law. Oh Lawyers, Tell us of the twists and turns....

[Duer 157099]

16. Frankly I think that's the solution

It can be argued that the stock market, and what it represents, has caused many of the problems we are now struggling with, because it gives the illusion (to the stockholders) that the interests of the corporations that they hold stock in are the same as their personal interests, and in almost all cases, that's not true. And yet people will defer to the interests of the corps because of the pennies they get kicked back for doing so.

[Kablooie]

17. Corporations also don't wear clothes. That's illegal most places.

[HooptieWagon]

18. I'm willing to bet the SCOTUS will allow same-sex mergers.

That will make the talibornagain's heads spin....

[JDPriestly]

19. bergie321. Great. Now let's argue that before SCOTUS.

I haven't read the decision, but I gather that Kennedy argued that corporations are a form of association and that associations have equal rights under the Constitution. It would seem to me that if they have equal rights as humans, then they could be subject to the same limitations as humans. Thus, if limits can be set on how much individuals can spend on campaign contributions, those limits would also apply to corporations and other associations. Also, it would seem to me that the corporations and other associations would be subject to a lot of other laws such as the death penalty.

[TexasObserver]

20. Judgment Day: The day Corporations became self aware.

Maybe James Cameron can make a film about it.

[jotsy]

21. I wouldn't have believed I could laugh so hearty so soon.

Thank you so much.

:applause:

[Lorien]

22. I just sent this to my congressman, Alan Grayson

let's see what he can do with it.

[fascisthunter]

23. thank you for making their argument look stupid

there is no such thing as corporate personhood, and the argument for it is dishonest and stupid.