Mitt Romney and the U.S. Supreme Court have stated that Corporations are people. If that is so, then we should carry their options to their ultimate conclusions:
1. Corporations should be subject to the all of the rules for personal income taxation.
2. When convicted of a felony, instead of just being subject to a fine, the company should be put into a receivership, for the term of the normal prison sentence for the crime. The receiver would allow only those actions which would allow the company to continue to live and disallow those actions which would allow the company to prosper.
3. Executives of companies which are convicted should be charged as accessories to the crime and be subject to conviction and punishment as any accessory would when a crime is committed by a real person.
Let's see what the right thinks about these rules.
Update 9/27/11 I just saw a great Bumper Sticker
"I'll Believe Corporations Are People When Texas Executes One"
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