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Forum Post: Bring back charter renewal for corporations

Posted 10 years ago on Oct. 6, 2011, 3:53 p.m. EST by mgiddin1 (1057) from Linthicum, MD
This content is user submitted and not an official statement

Even though we have a huge diversity of opinions and ideas on this forum, I think almost everyone agrees that corporations (and their undue influence on our government) are a huge part of the problem.

Corporations used to have to come before Congress to renew their charters periodically. They had to show Congress that their existence was contributing to society in a positive way. Their charter to operate could be revoked at any time if they were not acting responsibly.

States also had a great deal of regulatory power over corporations.

When the government realized they could make more revenue by doing away with charter renewal (and probably contributions helped sway their opinion as well), they started loosening up requirements for corporations.

Perhaps we should consider this approach in dealing with corporations.

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[-] 1 points by LibertyFirst (325) 10 years ago

This is an absolutely excellent idea.