Biden Brain Trust: Forget the Billionaires, Guillotine the Corporations
"charters that government officials could revoke for alleged misbehavior"
"The bill would also create the Office of United States Corporations at the Department of Commerce, which would have the authority to punish any company deemed insufficiently solicitous to stakeholder interests.
The legislation invites state attorneys general to petition the director of the Office of Corporations with the names of firms that they consider unworthy. The director would then have it in her power to revoke the charter of any corporation, giving the company in question one year until its ability to operate expires. The only escape from the verdict of the Office of Corporations would, apparently, be a direct appeal to Congress. Warren’s office describes the process by which a company would use its one-year countdown-to-destruction “to make the case to Congress that it should retain its charter.” This special act of Congress, setting aside a particular charter revocation, would be a sort of reverse Bill of Attainder for the corporation in question."
This is it folks; pure communism or government power without accountability. This is what those 77 million morons (minus OU Bubba and Seattle because I like you guys) voted for.
"charters that government officials could revoke for alleged misbehavior"
"The bill would also create the Office of United States Corporations at the Department of Commerce, which would have the authority to punish any company deemed insufficiently solicitous to stakeholder interests.
The legislation invites state attorneys general to petition the director of the Office of Corporations with the names of firms that they consider unworthy. The director would then have it in her power to revoke the charter of any corporation, giving the company in question one year until its ability to operate expires. The only escape from the verdict of the Office of Corporations would, apparently, be a direct appeal to Congress. Warren’s office describes the process by which a company would use its one-year countdown-to-destruction “to make the case to Congress that it should retain its charter.” This special act of Congress, setting aside a particular charter revocation, would be a sort of reverse Bill of Attainder for the corporation in question."
This is it folks; pure communism or government power without accountability. This is what those 77 million morons (minus OU Bubba and Seattle because I like you guys) voted for.