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View Diary: Opening a Second Front against Citizens United (8 comments)

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  •  how about an escrow for campaign donations? (1+ / 0-)
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    How about we make all campaign donations go through an escrow company and then to the person or party of the donator's choice. However the state executes a tax of 20% to be held in escrow for used and disbursed during federal elections to give a little 'free' speech to qualified alternative political voices.
    Taxing political donations to take a bite out of 'Citizen's Ignited', is quite far fetched and of course the House would never let something like this get out of committee. But, you're right that state houses might be able to do something like this.
    Corporations are NOT people, and the mindset that thinks they are is immoral and wicked.

    •  Escrow (2+ / 0-)
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      martini, George3

      I'm afraid that adding the element of taxation would be an even bigger red flag than simply applying one-person-one-vote to corporate decisions  I know that a state legislator in Maryland who told me that he is introducing a bill to require shareholder approval of political expenditures, but that would be approval by  the majority of shares.

      •  keestone - it's hard to think of a rationale (1+ / 0-)
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        under corporate governance rules where shareholders should even have a vote on non-material campaign activities of a corporation. If you look at the few items that require shareholder approval, beyond routine board elections, they are items that have a very high direct impact on the corporation, like selling the business or a major asset or events that dilute the existing shareholders by more than 20%. Now, in addition to having a vote you want to make it one shareholder, one vote, rather than one share, one vote? It's hard to fathom the fairness of that.

        "let's talk about that"

        by VClib on Sat Nov 24, 2012 at 10:26:59 PM PST

        [ Parent ]

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