First introduce a bill saying corporations are not persons, and thus have no rights… then I may support this bill.

He’s most likely referring to the recent Citizens United v Federal Elections Commission, which ruled that corporations can freely spend as much money as they please towards political campaigns. Politicians are elected by citizens, so it doesn’t make much sense to allow companies the ability to interfere with elections. I’ll leave you with a quote from Justice Stephens on the issue.
“At bottom, the Court’s opinion is thus a rejection of the common sense of the American people, who have recognized a need to prevent corporations from undermining self government since the founding, and who have fought against the distinctive corrupting potential of corporate electioneering since the days of Theodore Roosevelt. It is a strange time to repudiate that common sense. While American democracy is imperfect, few outside the majority of this Court would have thought its flaws included a dearth of corporate money in politics.”

A republic is better than a democracy because in a republic, there is a set of ideas that are taken for granted as true (In our case, the constitution) in order to ensure there is a stable government, and that we may elect people to the government to represent us. The set of ideas limit the power of the government so it does not expand too far, and ensures it has enough power to function properly, and that specific rights of the people are protected.

A democracy, like fakk2 said, is mob rule. If the majority want it, it is law. It cannot protect the rights of everyone and the minority’s rights may be taken away from the whims of the majority.

Corporations are acknologed as living people. That is part of the definition of corporations… in fact, the main part of the defintion. They are, by law, recognized as having of life of its own. Such a bill would cause corporations to no longer exist, i believe… i might be wrong, but if I am right, then such a bill would be rather bad…

Apologies, my comment (which this is replying to) was cut off. Here’s what I meant to relay:

Corporations are treated as people in the U.S. Code (Title1,Ch.1,Sec.1):

the words “person” and “whoever” include corporations, companies, associations, firms, partnerships, societies, and joint stock companies, as well as individuals;

It’s funny how the individual is acknowledged lastly.

When treated as a “person”, corporations are allowed to own land, sue and be sued, be held liable, enter into contracts, release shareholders of the corporation’s debt beyond their own investments, and generally anything else groups of people have the right to do.

Any Constitutional Amendment would have to make sure corporations could still do the things that were necessary for it to function properly if its personhood were revoked.

Several Questions: According to the blogs and news no one seems to be using these available funds. So, where is this fund money? Is it just sitting somewhere? Is this money traceable and accountable? Where are the records of dollars distributed and used?

While I’m not certain about this, from what I gather the campaign finance contributions due to the public’s voluntary financing are insignificant when compared to the contributions given by larger entities. As the law stands right now, it doesn’t hurt or help matters too greatly. I think back in the 2008 election, Obama opted-out of the public financing while McCain used it. Ha, the question still stands though – where did those candidates’ public finances end up? Hopefully they were returned to the relevant taxpayers (or put to good use)! :)

I am in clear and complete opposition to this travesty. Between this and the Citizens United decision, corporate interests now wholly own he election process in America. It was clear that an undermining of any kind of public campaigning has been happening for decades, but now any corporation on the planet can pump untold hundreds of billions into the nation’s media machine and churn out a perfect Manchurian candidate to rob individuals of any sovereignty or dignity we may have left. The only people that anyone would even know, even if populist candidates were to emerge, are those being prostituted by the corporate dynasties that just buy whole channels and media corporations! It’s a complete usurpation of the democratic ideal, and I’ll have none of it. Time to pound pavement again. Time for civil disobedience again against this piece of toilet paper!

If this passes, the USA is no longer a democracy, it’s a corporate aristocracy.

In point of fact, the United States is NOT a democracy. It is a republic.

A democracy is two wolves and a lamb voting on what to have for lunch.