Forum Post: This movement needs a battle cry!
Posted 12 years ago on Oct. 29, 2011, 1:32 p.m. EST by BBronson
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We the People will perish without a united stance! This movement needs a battle cry! Something like Prohibit Corporate Personhood or Cancel the Corporation
how about this BBronson? http://occupywallst.org/forum/its-time-for-a-million-people-march-to-capitol-hil/
How about...
Ron PauI hates the poor, dont feed the homeless!
haha I'm going to get banned and censored while I stand out it 30 degree weather supporting this movement.
Money out of politics!
Money out of politics!
Money out of politics!
It should be "Chaa-chiinng!" The more I see the more this all looks like a big money grubbing fraud and mind game. What a joke.
yeah its a front
"Take no prisoners"
I still say, the ideals and dieas of Occupy are best summed up in the Steppenwolf song, "Power Play"
I'm certanly open to other ideas as well if anyone has them.
Bailouts for Everyone!
We are seeking nothing more than true liberty and in such we can borrow our battle cry from Patrick Henry "Give us liberty or give us death" that is the commitment it will take to keep this moving forward.
Here is the battle cry and I give it for free. So far I have not seen on the news one constructive point via the media coming out of the OWS movement which would accomplish what is desired to increase the amount of taxation on the 1%. As a retired IRS Agent I can tell you that if you want to get at the fat cats being the corporations here is an ironclad way to do it. There does exist a federal tax directed exactly at the problem herein in the USA which is never enforced. If a corporation witholds too much earnings it is subject to a tax called the Accumulated Earnings Tax. It is explained at Internal Revenue Code Section: " Sec. 531. Imposition of accumulated earnings tax In addition to other taxes imposed by this chapter, there is hereby imposed for each taxable year on the accumulated taxable income (as defined in section 535) of each corporation described in section 532, an accumulated earnings tax equal to 15 percent of the accumulated taxable income.." Anyone can call the IRS toll free number and have it explained then you can call the Office of the White House and ask the question as to why the IRS is not enforcing this law on the Corporations for whom the media states that they are holding onto trillions of dollars not spending into the economy to create jobs. I can tell you the IRS is not enforcing the law because the law does not have enough meat into it and it has not been enforced because of that thus making the law a joke. The OWS movement will absolutely grab the attention of the world wide media if it focuses on the AET and makes it a World Wide buzz in protest signs and does interviews regarding it with the business news programs of Fox Business Channel and NBC's Business Channel and CNN. If you make the AET a household term instead of Herman Cain's stupid 999 = 9% sales tax = regressive taxation of poor and compete with that you can get it to become a part of the Republican Presidential candidate debates especially with Michelle Bachman who should be aware of it being a former tax attorney. Do you think Herman even knows what the AET is? You don't so find out about it because it could force corporations to start spending their cash hoards to create jobs and end force the stopping of foreclosures because Corporation HATE and FEAR the AET when an IRS Agent brings it up in an audit examination. Put some muscle in your arguments. In addition sound off to the White House on the issue of taxing: "Unreasonable Compensation" being paid to Corporate Officers wherein "Reasonable Compensation" should = what the President of the USA makes and let the IRS go after all amounts in excess of that be considered as "unreasonable" = not deductible by the corporations on their tax returns of income tax purposes. WALL STREET will definitely not like that one and discuss that in interviews you give with the business networks. REPOST this if you understand this tax talk. If you don't ask questions for further explanation.
The idea of prosecuting the AET sounds like a good one, which is probably why it won't work, like you said, corporations HATE, FEAR AND LOATHE (I threw that one in) the AET. I for one believe that the laws of this country were designed purposefully to make any change nearly impossible (particularly our constitution). Also, don't assume anything about Michelle Bachman's ability to see beyond the nose on her face.
Anyone who reached her level of being a tax lawyer has to know what the AET is and she can not deny knowledge of the AET. Now as to her position that is another story. I would have to give all the other candidates including Obama a pass allowing them to be ignorant of the issue at first. Yet once the issue is out there it should be on all the OWS billboards as a rallying cry. Believe me that Wall Street does HATE, FEAR AND LOATHE it as you say it better than me. I can still remember corporate officers becoming anatomical over the mention of it. Now truly I don't know what Obama would do as he has lots of Corporate friends and may be in bed with them not wanting to pursue the AET. The AET takes away power from the Corporations as they have to spend their loot or face the prospects of the government taking the money away.
Thanks for the further clarification. If the AET is enforced, will corporations find ways of secreting their accumulated earnings? I worked for a small corporation that did $25 million gross in business a year. Top executives were making a ton of money and at the end of the year the corporation had a zero balance. (Also, my reference to MB was just a snide comment on her numerous misrepresentations of the facts.)
Douglas, great info! However, after reading "The Corporation" I'm convinced that taxing the corporations is not nearly enough. Corporate personhood needs to be abolished!
Slavery is the legal fiction that a person is property. Corporate personhood is the legal fiction that property is a person.
It is the corporate personhood that makes us slaves to their power.
This is why we must control the corporation so that we are not slaves. The AET gets into releasing the bondages of slavery. You have to study it to understand it and it is greatest fear laid on a corporation. I have never seen such fear raised within a corporation as when I raised that issue. A corporation can accumulate its earnings for a possible expansion or other bona fide business reasons. However, if a corporation allows earnings to accumulate beyond the reasonable needs of the business, it may be subject to an accumulated earnings tax of 15%. If the accumulated earnings tax applies, interest applies to the tax from the date the corporate return was originally due, without extensions. To determine if the corporation is subject to this tax, first treat an accumulation of $250,000 or less generally as within the reasonable needs of most businesses. Treat an accumulation of $150,000 or less as within the reasonable needs of a business whose principal function is performing services in the fields of accounting, actuarial science, architecture, consulting, engineering, health (including veterinary services), law, and the performing arts. In determining if the corporation has accumulated earnings and profits beyond its reasonable needs, value the listed and readily marketable securities owned by the corporation and purchased with its earnings and profits at net liquidation value, not at cost. Reasonable needs of the business include the following. Specific, definite, and feasible plans for use of the earnings accumulation in the business. The amount necessary to redeem the corporation's stock included in a deceased shareholder's gross estate, if the amount does not exceed the reasonably anticipated total estate and inheritance taxes and funeral and administration expenses incurred by the shareholder's estate. The absence of a bona fide business reason for a corporation's accumulated earnings may be indicated by many different circumstances, such as a lack of regular distributions to its shareholders or withdrawals by the shareholders classified as personal loans. However, actual moves to expand the business generally qualify as a bona fide use of the accumulations. The fact that a corporation has an unreasonable accumulation of earnings is sufficient to establish liability for the accumulated earnings tax unless the corporation can show the earnings were not accumulated to allow its individual shareholders to avoid income tax.
direct democracy
This movement needs less cry babies.