Tell our elected governments to pass the following laws:
- The highest paid person in a publicly held corporation or group of corporations cannot earn more than 25X as much 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.