By the way how does an anti big-company democrat rationalize Biden with the fact that a majority of finance companies and estate trusts select Delaware as the domicile of choice? Is it by being hypocritical or do they just use a shot of old fashion moral selectivism (both common liberal traits)? What ever the answer is and both choices have a good deal of evidentiary documentation, the fact remains that Delaware is a good choice of residency for the big and wealthy. The best part is you don't even need to move there or even employ many people to take advantage.
Why do so many companies and the wealthy incorporate in Delaware? Is it because of Delaware's liberal lending laws and lazi faire regulations? Delaware is well known as a haven for companies desirous of circumventing home state rules. The laws are attractive especially for finance companies because they allow companies to charge what would otherwise be usurious interest rates and fees in their home states. Estate plans for the wealthy often select Delaware for their Trusts because they can get around laws that serve the voters and constituents of their home residence. It’s a great place to avoid state taxes elsewhere assessed and regulations otherwise set up to protect the citizenry.
Delaware has been called the "Corporate Capital" because so many corporations have incorporated in the state because of its business-friendly law[1]. Read tax avoidance for the rich, anti-consumer protection, and “asset protection” for the wealthy. According to the Delaware Division of Corporations (2002), more than 308,000 companies are incorporated in Delaware. This includes 60% of the Fortune 500 and 50% of the companies listed on the New York Stock Exchange[2]. Gee I wonder why? I also wonder who pays Joe Biden’s bills? With all that corporate power right there for the taking how does he do it, I mean keep getting elected since 1972? I doubt he is funded by the followers of the great new hope change artist, Hussein.
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