So Rand Paul, that great political philosopher of our time, thinks that we are all corporations. This, in defense of Mitt Romney, who thinks that corporations are people. This gave rise to two quick thoughts:
1. By the same logic: I own a toaster; therefore I am a toaster! Freedom at last! Now I'm on par with legislators that think as deeply as toasters, and are about as capable as a toaster of solving our national problems. Toasters to the rescue!
2. More importantly, if corporations actually are the people that own them, as Romney argues, and if people really are corporations, as Paul argues, then there is no basis or rationale for the limited liability attached to corporations, just as there is none for individuals. We should be able to go directly to the stockholders in person for corporate liabilities, beyond mere loss of investment. This has some really interesting ramifications; corporations would be worth far, far less, and be given far, far less leeway in corproate conduct if individual shareholders were personally responsible for corporate mismanagement or malfeasance.
Food for thought.