I was born in 1948, at the foot of an enchanted mountain whose spirit enjoins me to rise higher

Ordinary citizen, empathetic contemplator (maybe a little too empathetic to be fully comfortable in the world, as it is). Don't look for academic credentials; this guy has none, save those gained over the course of many interesting (and, at times, difficult) life chapters, spent surviving on a shoestring budget.

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Tuesday, March 16, 2010

Section D: A Brief Summary and Lead-In to the Third Leg of the Pope System

While the suggested approaches in this letter may be a new and untried way of influencing payroll apportionment and resultant wealth distribution, their newness, alone, should not dissuade a conscientiously-seeking administration from at least studying whether a point-of-pay equity system like this could be implemented to serve the Greater Good.
I recognize fully that this approach won't do anything about other ways in which people become wealthy, principally ways involving wealth deployment and asset management. It is not designed to address those forms of financial activity. It would, nonetheless, be a great starting point for helping America's shrinking middle class to rebuild itself and for bringing corporate executive salaries more in line with the salaries paid executives in other sectors critically in need of high talent, particularly government.
With respect to investment income, one suggestion I completely agree with is taxing capital gains and money inherited by individuals as ordinary income - every penny thereof - unless they reinvest those gains within a reasonable time frame in some way that benefits society. One of those ways would be by depositing said gains in a POPE income trust account - the Third Leg of the system.

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