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Free To Be...A Business ?!

 
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jabailo



Joined: 20 Mar 2006
Posts: 1273
Location: Kent (East Hill), WA

PostPosted: Sat Jan 26, 2008 1:54 pm    Post subject: Free To Be...A Business ?! Reply with quote

For the past century, the laws have been trying to make the corporate entity into a real legal person, with all the rights that entails. At the same time, they are trying to make the real physical individual a slave!

Take the current "housing crises". It's obvious that everything under the sun is being blamed for the "problem" except for the real answer...prices were too high. Now people are being left with assets that are depreciating while ARM payments are rising.

The most rational solution would be for a person to walk away from the debt and be foreclosed. Then they could rebuy at a lower market rate. In fact, banks should create mechanisms that tie the daily price of the mortgage to an estimated worth of the house, like a bond.

No one would blame a "corporation" from walking away from a bad investment -- or for dissolving itself in order to not have to pay nasty debts resulting from lawsuits and so on. However, for a real person to do this is seen as something that has to be prevented!

It's time for people to stand up for their rights and start acting like businesses!
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