All we have to do is look back in history to know why this idea is bad on so many levels. 1) Corporate charter at the Federal level. General incorporation laws

All we have to do is look back in history to know why this idea is bad on so many levels. 1) Corporate charter at the Federal level. General incorporation laws gave rise the incredible growth that powered the economy since their inception specifically because the isolated the ability of politicians to have undue influence over them. Do you want to see companies have to react to every whim powerful senate and house members have? perhaps appointees in the commerce department decide that something isn't up to snuff one year? the political influence will be so great that corporations will be hiring new and more politically connected players which will include those who are directly tied to individual politicians just to curry favor. 2) giving 40% of the board to the employees? which employees? does that mean contracted and out sourced as well? do you really want to experience the impact this will have on the market when stock holders find their loss of influence leads to less overall wealth for all? watch the 401k investments take that hit. 3) these limits while sounding nice would not favor start ups that hit it big and may result in further restructuring of benefits and increase executive pay to compensate. there are already many rules afoot that limit the exercise of options. 4) the political contribution rule simply means that politicians will simply have a greater lock on their office and power than they currently do now. combined with the idea that employees at many larger companies would sit on the board would allow union dominated employers to keep money limited to the politicians who have the most influence. effectively cementing the two party system even further. 5) welcome to the whim and politically driven decision factory. that nonsense rule basically opens up every decision to legal challenge. these rules are designed to give politicians in Washington power they don't have over corporations. you think cronyism is bad now, just watch what happens when politicians in powerful committees get this level of influence. it won't be to protect the little guy, it will be to protect the wealth of politicians and those connected to them both politically and by blood. tl;dr this all about empowering politicians even further and locking down the two party system into place. where corporations become even more in bed with the very politicians supposedly there to regulate them. you think its bad that many in politics go on K-street, well they will have guaranteed spots on Wall Street too and your investments will pay for it