Tuesday, May 31, 2011
PACTs: Coming of Age As A Corporation
[A reminder, PACT stands for People Are Corporations Too, the corollary of United Citizens vs. the Federal Election Commish holding that CAPT, Corporations are People, Too. And while the whole case reeks to high heaven, I'm more than willing to have it be the fertilizer that nourishes the ground from which the playing-field leveler, People Are Corporations, Too, is growing.
Probably the simplest way to acknowledge the corporate-ness of every U.S. citizen is, when they're physically able to grasp their corporate charter in their tiny, wee hands--which in my experience is almost immediately after birth -- to give them their corporate charter. Their footprint could be impressed upon it. [Baby] Jane Doe Inc. In ink.
I don't know as how we'd need to have the Secretary of the Commonwealth (writing from Massachusetts) attend each birth to confer the corporate charter on our newest of CEOs. Seems to me that this all should be taken care of legislatively, by statute.
But at any rate, each individual, as a corporation, his his or her own corporate charter, bylaws etc. to come later, perhaps.
At what we used to call the "age of majority" (even though it's only a majority of one), every Domestic Domestic Corporation (DDC) officer would become a "solo" corporation, no longer a subsidiary of the DDC he or she became associated with by virtue of birth.
Consider for a moment the impact of this recognition that People Are Corporations Too (PACT, as opposed to United Citizens' holding of CAPT, corporations are people too).
The various duties and obligations, rights and powers of a corporation would be available for the child CEO. We would probably want our offspring corporations to be wholly owned subsidiaries of the, literally, Parent Corporation.
But after 18 years, and perhaps sooner, the young CEOs might want to merge with some other corporation.
There would of course be contracts negotiated all round before the merger (heretofore known as ante-nuptial agreements); as the DDC officers continued to do business after such mergers, there would be bylaws and sub agreements, etc. And were the merger to fall apart, of course, there would already be in place pre-merger, merger, and corporate dissolution (formerly known as divorce) agreements.
Whether in anticipation of young CEOs leaving subsidiary status in one DDC for a merger with another single-occupant DDC (formerly known as marriage), or as the natural course of conducting business in an ongoing merged DDC, various pieces of property, for example, could be assigned to a child's DDC, or to the mother's or father's DDC, or acknowledged to be shared property. All of which would make the dissolution of a DDC much simpler and straightforward than it is today--except perhaps in states with no-fault divorce, so-called.
At any rate, in this new DDC scheme, citizens' relationship to the governments they've ordained and established is that of a business corporation. On the matter of marriage, co-habitation, or whatever form two or more merged DDCs take, that's an individual matter between the representatives of whatever religion, if any, and the DDC officers.
As I read the US Constitution, there is no discussion of marriage rules and regulations; I classify those issues as 9th Amendment retained rights--those "others" retained by the people. If you insist that the public health of the common weal is important, and that blood tests should be performed before the state allows DDCs to merge, I would suggest that if we had universal health insurance, PACTs would already have had what we consider the requisite tests today.
[I'm thinking that an individual, a PACT--a people are corporations too person, might be called a "pac -- person as corporation" or perhaps a peroration, or part or pertion or persation or porp. Or persion or persporation or person--nope, that'd be circular--or poration, or peration. Hmm. I kind of like "pertion" as it reminds me of Bobwa Walters.]