All over the internet there are people telling us all kinds of things to be afraid of: Globalization, the Deep State, the 1%, Illuminati, Agenda 2030, 5G, depopulation, on and on. Same story: ‘The rich are getting richer, the poor are getting poorer’. Lots of information, but the only message is: ‘be afraid, it’s coming’. This is not helpful. No one is telling us what we should do to stop it.
Twenty-One Ideas
The best times for the average person have been when there was a large, stable, prosperous middle class and a more equitable distribution of capital and income.
This does not mean getting rid of the wealthy. Wealthy individuals and corporations are necessary in order to have a prosperous middle class. What are required, are the means to keep capital and power centers from concentrating in the hands of too few. Allowing individuals and small groups of individuals to accumulate as much capital wealth as they desire through investment, with the earnings thereof taxed at a lower rate, would be encouraged. Excessive amounts of personal income for personal use will be heavily taxed. Lucrative avenues for turning personal income into capital wealth and deferring or reducing tax will be manifold.
Once someone is earning enough to cover their needs, with a little extra, any additional income has no utility. This excess income is used to increase our quality of life, not for our needs. If you earned it, you are entitled to it. Where the problem comes in, is that we use excess income as a measure of our worth and value to society. Corporate executives, making outrageous incomes, do not need the money, it is a measuring stick of their status. It is a waste of money. What is needed is another measuring stick for status ranking, other than money.
It is difficult to come up with a strong social argument to support the belief that we should honor and strive to be like the individual that accumulates the most and keeps it for themselves. Remember, the system, its laws, rules and methods were designed by wealthy, ambitious, greedy white men pursuing global domination. The did not consult with the women, the slaves, the serfs or even the common working man. They designed a system to serve their own best interest, with little regard for anyone else. This is the system we use, and it benefits the top 10%, the rest of us are resources for their benefit.
Tell our elected governments to implement the following :
- The highest paid person in a publicly held corporation or group of corporations cannot receive more than 25X as much remuneration as the lowest paid person.
- Bonuses paid by publicly held corporations must be paid to all employees of the corporation on a proportional, pro-rated basis.
- Limits on the rate of return and dividends paid to shareholders with the over limit amount paid out to the employees of the corporation
- Corporation are not persons under the law, they are not entitled to rights of the individual
- Publicly held corporations cannot own land
- The publicly held corporate tax rate can never be below 50%
- The maximum corporate political donation cannot exceed $100,000
- Publicly held corporations are not permitted to lobby the government.
- Banks cannot be publicly held corporations. Financial services are to be provided by public banks, credit unions and privately held (with limits) corporations.
- Banks are an essential service for the convenience of facilitating financial transactions. Profits are secondary. Excessive profits are to be returned to the consumer through lower service fees.
- No individual or corporation is permitted to own more than 6 media outlets and their aggregate coverage cannot be more than 20% of any defined boundary i.e. city, state, province, county.
- Corporate Directors and Executives can be held criminally responsible for the actions of the corporation.
- Personal tax rates start very low for low income and increase exponentially as income increases
- All personal income above $400,000 per year to be taxed at 90%
- Consumer credit not secured by assets is not permitted, in case of default the lender must repossess assets and accept them as payment in full, to settle the debt
- Privately held corporations, those with 7 or less shareholders, are entitled to all the rights and privileges as afforded to any group of individuals.
- Privately held corporations may only lobby the government on behalf of their principle activity or industry which produces products or provides services to the public.
- Privately held corporations may own shares in publicly held corporations but not vice versa.
- All privately held corporations will be subject to a donation fee tax of 10% on taxable corporation income.
- Distribution of after-tax income from a privately held corporation to any of its shareholders will be deemed the personal income of the recipient when received but taxed at a preferential rate.
- A privately held corporation is not required to distribute its income in any given time frame, it is solely at the discretion of the shareholders.