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How presidents can make a quick buck off their ceo controlled corporations in their countries (White Giant)

Simcountry: Simcountry Bulletin Board  How presidents can make a quick buck off their ceo controlled corporations in their countries (White Giant)

John Gresham (White Giant)

Monday, April 04, 2005 - 10:47 pm Click here to edit this post
Front Page News: Airbus bids on the Boeing Corporation

Wallstreet analysts have calculated Boeing's market value, based on its profit and the tax rate of the United States, to be 50.0B dollars. Airbus has placed a 50.1B bid on Boeing; they will receive the company if there are no competing bids or massive shifts in corporate tax rates in response do not occur. George W. Bush announced today that he will fight the sale by lowering tax rates in the United States for a few months and causing the MV to rise.

Do you see how utterly ridiculous this is? Ownership is ownership. That doesn't mean you can just place a bid on a private corporation and expect to receive it in an auction. That there are ways to prevent the sale is fundamentally irrelevant; it should never be an issue at all. In the real world, ONLY GOVERNMENTS are allowed anything approaching the kind of power to force sales, and that's what is called eminent domain and nationalization. The real world has nationalization of corporations. It does not have hostile takeovers of state and private corporations. The real world-- real capitalist systems-- protects private property. It does not support theft.

So kindly put a sock in it.

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