The proposal would have drastic consequences, redistributing trillions of dollars from rich executives and shareholders to the middle class — but without involving a penny in taxes.

The plan starts from the premise that corporations that claim the legal rights of personhood should be legally required to accept the moral obligations of personhood.

“Throughout our country’s history, the well-being of our workers has been directly linked to the prosperity we have achieved as a nation,” Luján says, but that’s changed somewhat in recent decades as corporate managers have had a singular devotion to enriching shareholders.

The legislation would sharply reduce the huge financial incentives that entice CEOs to flush cash out to shareholders rather than reinvest in businesses. Warren wants to curb corporations’ political activities. And for the biggest corporations, she and her co-sponsors are proposing a dramatic step that would ensure workers and not just shareholders get a voice on big strategic decisions.

https://www.vox.com/2018/12/14/18136142/pocan-lujan-warren-accountable-capitalism-act