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Forum Post: the 99% should incorporate!

Posted 10 years ago on Dec. 23, 2011, 10:11 a.m. EST by bobjr508atyahoocom (22) from Nantucket, MA
This content is user submitted and not an official statement

if we are going to fight wall street, we need to fight on their ground. what would it take to get our own nationwide.... non profit food co-op. non profit credit union. non profit healthcare infrastructure. non profit housing co-op. and some kind of corporation on the NASDAQ exchange that breaks profits among shareholders that must meet certain income requirements. just a thought. let me know what you think.



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[-] 1 points by kickthemout (83) 10 years ago

First establish our own Political Party then we can take all the other mentioned steps and more.

[-] 1 points by AFarewellToKings (1486) 10 years ago

Hold on a minute, America is the 99%'s ground, not Wall St's. 1% would win the battle of the corporations (capitalism's 'competitive edge' game) but never the battle at the ballot box. Which is easier, in this OWS world, to win?


[-] 1 points by orz (83) 10 years ago

Anyone in the UK have any facts or opinions about "The Co-operative Group"?

[-] 1 points by demcapitalist (977) 10 years ago

Just curious why would you want to be a publicly traded company? I think you can do a lot as a private corp. I know you probably want to incorporate in Nevada or Delaware because those states have tax laws set up to favor corporations.

[-] 1 points by ithink (761) from York, PA 10 years ago

First we would need working groups and knowledgeable people who would volunteer their time to figuring out a plan for how these organizations would function. Then a second group of volunteers who would take the plan and raise money and support for the projects. The next stage would likely be a third group of knowledgeable people devoted to implementing said projects. The fourth stage is maintenance and oversight of the projects, which would require a different set of knowledgeable people. This is all very doable in my opinion.

[-] 1 points by infonomics (393) 10 years ago

Good idea; indeed, I introduced this idea about four weeks ago. As you ponder non-profit vs profit, remember that non-profits are limited to the amount of profits that they can post per year and accumulate year-to-year for the obvious reason, which is? They are non-profits. So, ponder carefully.

[-] 1 points by ithink (761) from York, PA 10 years ago

I love this too!