Ivan Seeking said:
If I buy stock, do I implicitly agree to allow that company to speak on my behalf politically? No! When I buy stock, I am making a financial bet, not a political statement. I didn't sign away my rights to speak and vote for myself. They are allowed to protect my direct investment interests. That's it. This does not include landscaping the country to fit their political objectives in my name.
This notion that corporate actions are freedom of speech for stockholders is ludicrous and typifies the nonsensical right-wing brainwashing that made me turn on my own party; and now with a vengence! To me, this entire business is a betrayal of the Constitution - We the people - and requires a new amendment. Other countries have already addressed this issue and defined the difference between real people and virtual persons.
It may be that SCOTUS did their job and ruled according to the letter of the law. I can accept that. But that is a far cry from saying it shouldn't be changed. And it should. Problems like this are why we can amend the Constitution.
Where do you draw the line?
The motives of corporations, for their best interest, often align with a 'political' ideology. You don't think that GE lobbied for some of the green-subsidies 15 years ago knowing full well that they were already in a position to benefit from them? That was definitely in their best interest, and it was a political cause. What political motivations aren't going to affect a company's bottom line? The only instance I can think of is the amount of money that gets funneled in the name of 'non-profits' (which I feel that many are too political to be given 'non-profit' status). But again those type of contributions are often tax shelters, and the tax code encourages that type of donation (which I feel is wrong) - which affects the bottom line. Finally, what makes unions exempt from your proposed type of lobbying restrictions? They're basically super-corporations with a non-profit stamp.
Something that I am in favor of (not neccessarilly at a constitutional level, however) is that individuals aren't shielded just because of a corporation. I don't know how it'd look at a policy level, but being an actor for a company needs to carry some personal responsibility. I feel that too many people make unethical decisions just because their justification is 'for the company' without any personal recourse. Allowing an individual to be singled out, as an actor, of a corporation may increase the morals that many feel are lacking in the business world. It may cause more problems than it's worth, but still something I've always liked the idea of prima facia.
Combining my two previous points is something that's already a bit of a legal tangle - 'CEO donations' are being threatened to be made public. Are you going to eliminate an individual's right to financial and political privacy because they belong to a particular company? I own stock in GD and Google (two large government contractors), and work for the federal government - should my political donations be made public as well? I argue for more direct responsibility in my previous paragraph, but that doesn't equate to losing rights and privacy (which is why I think corporations are given certain protections that are personifications).
Lastly, I do agree that something needs to be done to combat political corruption. Decisions should be done with the best interests of the country, as a whole, in mind. However, I've never really heard of a good way to do it that both preserves the privacy of individuals and the integrity of our elected officials. Any proposal seems to harm the status quo by stripping liberties. While it may appear to be 'bad' maybe this is the best we can come up with.
(PS: I also caution against labelling Republicans as being the 'corporate party' esspecially since many of the nu-tech companies have very progressive ideals and lots of money to back them up. How much did the Democrat candidates spend in 2008 and 2010? I've seen a variety of numbers ranging from 1.5-2x the amount that Republicans did over that time span. Granted, most of that difference was the almost 2x that President Obama spend on his campaign compared to McCain. http://www.politico.com/news/stories/0510/36783.html" over the last 20 years, what bigger corporate devil is there?!? Who's really getting the politically driven money thrown at them?)