Rich _people_ yes. But corporations were an act of Congress in 1776. Early America was decidedly anti-corporate (the Boston Tea Party was about a tax break to

Rich _people_ yes. But corporations were an act of Congress in 1776. Early America was decidedly anti-corporate (the Boston Tea Party was about a tax break to a corporation). Early Americans (and early thinkers who influenced Americans) were grossly distrustful of corporations and pools of money. > The directors with of such [joint-stock] companies, however, being the managers rather of other people's money than of their own, it cannot well be expected, that they should watch over it with the same anxious vigilance with which the partners in a private copartnery frequently watch over their own Adam Smith, the Wealth of Nations