Wherever used in this Constitution the term "person" shall mean a natural person. Nothing in this amendment shall deprive a corporation or other legal entity their rights in property without due process of law.
As PNG readers may understand, this proposed intends to counteract the long line of decisions* from the US Supreme Court culminating in Citizens United v. FCC, 558 U.S. 310 (2010) that recognizes the "personhood" in law of corporations and other associations (e.g. PACs) which have come to dominate our system of government in the United States. Only a fundamental change in jurisprudence enshrined in the Constitution can alter the further decline of our democracy into corporatocracy, or oligarchy, if not outright fascism.
*The United States. Supreme Court first declared in dicta a corporation is a "person" under the law in the case of Santa Clara County v. Southern Pacific Railroad, 118 U.S. 394 (1886) .Justice William O. Douglas wrote in the Columbia Law Review for 1948, "the Santa Clara case becomes one of the most momentous of all our decisions.[...]Corporations were now armed with constitutional prerogatives."
Since US Person is talking about "radical" proposals, here is another one for readers to consider. The economic importance of the United State's private central bank, known as the Federal Reserve, cannot be ignored . Its monetary policies affect every American. So it is appropriate that the instituion be public and not private in a country that still claims to be a democracy and not an oligarchy. US Person, alleged by pseudo-populist extremists to be a seething Marxist radical, suggests replacing the current federal reserve system with a system of publicly owned state banks organized into regions with each region sending a representative elected by bank shareholders to a US National Bank Open Market Committee, which would set national interests rates. The chair of the US National Bank would be selected by the President. State residents would be allowed to purchase shares in their state bank. North Dakota's state-owned bank is a successful example of public state bank. It has made a profit every year since its opening in 1919. This proposed system is more accountable to the public, and insures monetary policy coincides with the public's policy choices and not the billionaire boys' choices. US still thinks central banks are a good idea, just like Marx did in his Communist Manifesto, so go ahead color him red.
**The ERA is in legal limbo right now. The amendment did not receive the necessary state ratifications within the stated seven year deadline. The US Department of Justice issued a memo concluding the deadline provision is constitutional, and the US Archivist has said in a letter that more action by the courts or Congress is needed before the amendment is enacted into law.