If corporations are just like people

Over the years there have been supreme court decisions that have looked at corporations as having similar rights (but somehow, none of the responsibilities) of a person.  Well, perhaps we should take that to the next step.  If they are a person, perhaps they should be treated more like a person.

Interest deductions?  We get to deduct our home mortgages, so I guess it is fair that you can deduct the interest on your factories and office buildings.  And if you would like to take out a line of credit on those, well that would be deductible too.  But interest on bonds, and other sources of capital?  Well when we whip out the credit card to make purchases, or even the loan we take out to but a new car, now of that is written off our taxes, so why should it be written off yours?

Now if I own a small business, even as a sole proprietorship, I can write off the salaries and benefits and taxes I pay to and on behalf of my employees, so those would be remain legitimate deductions.  How about dividends?  Well, using the sole proprietorship model (and admittedly bending it some), any money I take out of the company is income to me, and I pay taxes, social security, all that stuff.  So dividends are just income to the owner, and the owners should pay the same taxes as any other business owner pays on income from their business.

But wouldn't that defeat the whole purpose of the corporation?  Bullshit.  The purpose of a corporation is to permit the formation of capital while limiting the liability of the investors to the money they put in.  Put another way, if you open a bar, and that bar runs up a pile of debts, well, you have run up a pile of debts.  Your creditors can go after your bank account, your house, your car, anything you own.  If a corporation runs up a pile of debts, the creditors can look only to the assets of that corporation.

The morons on the right are always talking about running the government the way you run your family budget, as though that made any sense at all.  So let's test out their theory.  We will require that corporations be run that way, and if it works, well then maybe we will consider running the government that way.