Payments made to, or extorted by, a corrupt bureaucracy can enable a socially chaotic system to function. - Neil H. Jacoby

Property tax bills are rising much faster than family incomes…. They threaten to erode away that foundation of American society: the American-owned home…. We must deliver an unmistakable message to our elected representatives that no longer will we permit misuse of the property tax to finance welfare, health, educational and other governmental services that serve all people in our state. Such government spending programs should be paid for by revenues collected from all the people.

Since 1950, American enterprises have invested in virtually every part of the world. Their annual exports in 1976 were more than $117 billion, and their foreign investments in book value were about $133 billion. This unparalleled international movement of goods, capital, technology, and managerial resources has had both successes and failures, but the former have by far outweighed the latter.

Until 1837, companies were individually charted by ad hoc legislation. In that year Massachusetts enacted the first general corporation law, which was comparatively stringent in limiting corporate powers. Subsequently, motivated by the philosophy of free enterprise, as well as by competition among the states in charter-mongering, state corporation laws were progressively relaxed.