I'm just saying that govts shouldn't place corporations, which are merely 'vehicles of profit' higher than real humans in terms of tax exemptions and discount rates.
Society should primarily consists of real humans, not corporate identities (aka 'separate legal personalities') that some devious individuals (shareholders) use as vehicle of profit whilst being shielded from liability.
A case of which is illustrated by: Walkovszky v. Carlton; [276 N.Y.S.2d 585, 223 N.E.2d 6 (1966)], summarized as follows:
Thus the close relation between corporate taxes and personal income taxes where in the calibrating of both must be in tandem. I'm just saying that to close such loopholes, corporate taxes cannot be any lesser than the maximum personal income tax rates as it is ridiculous to grant such 'persona ficta(s)' privilege in excess of what real humans enjoy.
Corporates also need not be made into 'horses on steroids' such that blind profiteering becomes the sole objective of CEOs- such myopia is doomed to failure- if not social, then surely environmental- a self defeating proposition as such.
As is already the current case: 'Countries with the Biggest Gaps Between Rich and Poor', (by Bruce Einhorn): "No. 2 Singapore-.. Ratio of income or expenditure, share of top 10% to lowest 10%: 17.7". [BW,16Oct2009].
Perhaps if life could be put in perspective and the corporate rush for profit be better calibrated, then whatever the nominal value of one's salary might be, one's quality of life in real terms would have increased.
That is what it would take for us to call Singapore home. Till then, Singapore will remain 'animal farm' [YouTube] a place where revolution after violent revolution is planned.
"Those who would give up Essential Liberty to purchase a little temporary Safety, deserve neither Liberty nor Safety."-- Benjamin Franklin
- 'Legal personality': [wiki]: "Legal personality (also artificial personality, juridical personalty, and juristic personality) is the characteristic of a non-human entity regarded by law to have the status of a person. A legal person (Latin: persona ficta), (also artificial person, juridical person, juristic person, and body corporate, also commonly called a vehicle) has a legal name and has rights, protections, privileges, responsibilities, and liabilities under law, just as natural persons (humans) do. The concept of legal personality is perhaps one of the most fundamental legal fictions. It is pertinent to the philosophy of law, as well as corporations law (the law of business associations)."
- 'Countries with the Biggest Gaps Between Rich and Poor', (by Bruce Einhorn): "No. 2 Singapore-.. Ratio of income or expenditure, share of top 10% to lowest 10%: 17.7". [BW,16Oct2009]
21Feb2011: Singapore Tax loopholes (income, GST) that open the Pandora's box of human evil