I am bursting with pride and admiration that the Wall Street Journal’s May 23, 2014 editorial “Good News in the Proxy Wars” clearly and unequivocally defended the right of large, defenseless and badly treated corporations to continue to refuse to disclose the millions of dollars they launder to politicians and ballot measures through 501C4 “social welfare” organizations such as the Chamber of Commerce and Business Roundtable.
Our patriotic corporate persons have every right to fight “government dominance” and “prevent regulatory damage” regarding management’s ability to not only righteously express their version of free speech, but continue to do everything in their power to avoid paying their fair share of state and federal taxes by holding corporate cash in foreign tax havens. Why should corporate citizens pay taxes and play by the same political rules as common people? Aren’t the 1% entitled to more?
Certainly corporate management has every right to define fiduciary duties and they certainly should not include disclosure to owners, stakeholders or other riff raff. As directors and officers are self-selected board nominees who set their own pay, they should be respected and admired by the other 99%.
The Wall Street Journal editorial board deserves our gratitude for taking this courageous stand against transparency, full disclosure and government regulatory oversight, so that corporate persons can get on with the job that they do best: Ruling America’s economy and dominating the U.S. political system with a steady flow of dark money.