Reason.com - Free Minds and Free Markets
Reason logo Reason logo
  • Latest
  • Magazine
    • Current Issue
    • Archives
    • Subscribe
    • Crossword
  • Video
  • Podcasts
    • All Shows
    • The Reason Roundtable
    • The Reason Interview With Nick Gillespie
    • The Soho Forum Debates
    • Just Asking Questions
    • The Best of Reason Magazine
    • Why We Can't Have Nice Things
  • Volokh
  • Newsletters
  • Donate
    • Donate Online
    • Donate Crypto
    • Ways To Give To Reason Foundation
    • Torchbearer Society
    • Planned Giving
  • Subscribe
    • Reason Plus Subscription
    • Print Subscription
    • Gift Subscriptions
    • Subscriber Support

Login Form

Create new account
Forgot password

Politics

Romney: "Corporations Are People"

Katherine Mangu-Ward | 8.11.2011 4:19 PM

Share on FacebookShare on XShare on RedditShare by emailPrint friendly versionCopy page URL
Media Contact & Reprint Requests

Today, while standing on a bunch of hay bales (Why, Iowa? Why?) Mitt Romney slapped on a smile and went to town on some hecklers. 

(Click on the image for the non-embeddable video, and skip to the 4:00 mark)

This exchange resulted:

ROMNEY: We have to make sure that the promises we make—and Social Security, Medicaid, and Medicare—are promises we can keep. And there are various ways of doing that. One is, we could raise taxes on people.

AUDIENCE MEMBER: Corporations!

ROMNEY: Corporations are people, my friend. We can raise taxes on—

AUDIENCE MEMBER: No, they're not!

ROMNEY: Of course they are. Everything corporations earn also goes to people.

AUDIENCE: [LAUGHTER]

ROMNEY: Where do you think it goes?

AUDIENCE MEMBER: It goes into their pockets!

ROMNEY: Whose pockets? Whose pockets? People's pockets! Human beings, my friend. So number one, you can raise taxes. That's not the approach that I would take.

Romney doesn't mean that corporations are entitled to some of the legal rights of people in the Citizens United sense. He means it in the sense that the money made by corporations flows in and out of human hands—or pockets, in the language of the heckler who hoisted himself on his own metaphorical petard.

People are already mocking Romney for this supposed gaffe, but even TNR's Jonathan Chait grants that Romney is right on this point—although Chait is careful to point out that corporations are made of people who are richer than average. 

Another bonus moment from the same event that almost tempted me to like Romney a little: 

AUDIENCE MEMBER: You came here to listen to the people!

ROMNEY: Nope, I came here to speak.

Start your day with Reason. Get a daily brief of the most important stories and trends every weekday morning when you subscribe to Reason Roundup.

This field is for validation purposes and should be left unchanged.

NEXT: Reason Writers on TV: Peter Suderman Talks QE3, Congressional Approval Ratings With Judge Napolitano on Freedom Watch

Katherine Mangu-Ward is editor in chief of Reason.

PoliticsPolicyEconomicsCampaigns/ElectionsTaxesMitt RomneyCorporations
Share on FacebookShare on XShare on RedditShare by emailPrint friendly versionCopy page URL
Media Contact & Reprint Requests

Show Comments (322)

Latest

Trump's L.A. National Guard Deployment Stands on Shaky Legal Ground

Damon Root | 6.12.2025 7:00 AM

What Happens if the Department of Education Goes Away?

Emma Camp | From the July 2025 issue

Brickbat: Two-Tiered Justice

Charles Oliver | 6.12.2025 4:00 AM

Extending the Trump Tax Cuts Is a Good Idea. But It Won't Deliver 'Big, Beautiful' Economic Growth.

Veronique de Rugy | 6.12.2025 12:01 AM

Brian Wilson Was an Exemplary American

Brian Doherty | 6.11.2025 7:34 PM

Recommended

  • About
  • Browse Topics
  • Events
  • Staff
  • Jobs
  • Donate
  • Advertise
  • Subscribe
  • Contact
  • Media
  • Shop
  • Amazon
Reason Facebook@reason on XReason InstagramReason TikTokReason YoutubeApple PodcastsReason on FlipboardReason RSS

© 2024 Reason Foundation | Accessibility | Privacy Policy | Terms Of Use

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

r

Do you care about free minds and free markets? Sign up to get the biggest stories from Reason in your inbox every afternoon.

This field is for validation purposes and should be left unchanged.

This modal will close in 10

Reason Plus

Special Offer!

  • Full digital edition access
  • No ads
  • Commenting privileges

Just $25 per year

Join Today!