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wanoir 5 hours ago [-]
Fascinating!
But does this only apply if the company is incorporated in that particular state?
If there is any state that doesn’t adopt the new law structure, then companies will just re-incorporate to that other state.
Of course, not every company may find it worthwhile to do that. So on the whole, it will probably mean companies that aren’t that involved in political spending will become even less involved. But, the largest spenders may find it worthwhile to re-incorporate so they can continue to do it.
51 minutes ago [-]
mindslight 41 minutes ago [-]
Corporations/LLCs generally have to explicitly register with every state they do business in. Presumably at this juncture they can be subject to the same restrictions. No idea how this concretely plays out with this law though.
Unconstitutional on 14th amendment grounds and first amendment grounds.
They are privileging speech rights from some groups over other groups (unions v corps).
halJordan 27 minutes ago [-]
You can (and others surely will) make that argument. But it doesn't apply because an LLC isnt a protected group. Gov'ts are fully allowed to discriminate outside of the relatively constrained race, religion, gender stuff. If the individuals in an LLC want to politic, then they are using the wrong venue. The state has created other venues and can force citizens to use them (you surely approve of this power when it forces your doctor to be board certified).
mgh95 59 minutes ago [-]
Not necessarily. Unions are typically organized as a not-for-profit. The legislation acts on all entities including unions.
tenuousemphasis 32 minutes ago [-]
Where in the constitution does it say that corporate entities have any rights at all?
halJordan 23 minutes ago [-]
Corporations inherit their rights and privileges from the people in them. Because a corp is in fact just a series of individuals in a trenchcoat. (This would make immediate sense if we had not let grammar decay and you implicitly knew corp = plural)
bdangubic 12 minutes ago [-]
people are corporations. I hardly exist as an individual in america. I do not own anything, my company does (my company employs only me and soon my daughter when she is of age), I do not buy anything, my company does. I don’t have phone service or internet service or practically anything under my name. and my company (me) has about the same rights as you, an individual, except of course a lot more cause capitalism be capilizing :)
mindslight 41 minutes ago [-]
Repeat after me: Corporations and LLCs are not individuals. Corporations and LLCs are government creations. Corporations and LLCs do not have natural rights.
Of course, not every company may find it worthwhile to do that. So on the whole, it will probably mean companies that aren’t that involved in political spending will become even less involved. But, the largest spenders may find it worthwhile to re-incorporate so they can continue to do it.
https://afj.org/article/corporate-power-reset-movement-updat...
https://www.americanprogress.org/article/addressing-question...
They are privileging speech rights from some groups over other groups (unions v corps).