Some legislators oppose a constitutional amendment that says, “Corporations are not people and money is not speech.” They claim it restricts freedom of speech. They are misinformed. That amendment preserves our right.
It restores speech, restores Wyoming’s democracy guaranteed by the Constitution (“The United States shall guarantee to every State in this Union a Republican Form of Government”) and restores the Wyoming Constitution, “In their inherent right to life, liberty and the pursuit of happiness, all members of the human race are equal.”
That is pretty clear.
It goes further. “Perpetuities and monopolies are contrary to the genius of a free state, and shall not be allowed. Corporations being creatures of the state, endowed for the public good with a portion of its sovereign powers, must be subject to its control.”
Some raise another objection. “Corporations are made up of people.”
No, corporations are made up of money, not people — some investment is from people — some from corporations, some from foreign sources.
The purpose of corporations, and their public value, is removing risk from investors. If corporations break the law or go bankrupt, their investors are not responsible. Consequently, no investor is morally or legally responsible for corporate actions.
That makes corporations amoral — no conscience, no loyalty, no feelings. They are not human beings and need outside regulation; must “be subject to (state) control” for the “public good.”
If your needs are ignored because of money’s political influence, tell your state representatives to support HJ8 — because money is not speech!