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Set up a Voluntary Investment Fund.

Objective:

To use the money raised to invest in infrastructure and jobs throughout Europe [or America] where they are most critically needed.

Method

A one time voluntary contribution by all tax payers [corporations included] to be paid back by selective tax cuts over a ten year period. Those that do not contribute get no tax reduction over the foreseen program period of fifteen years [see below].

Our commitment

Now both my partner and myself would be prepared to contribute €10k each to such a fund and would expect that investment returned at 0% over a ten year period after an interim period of five years so that this fund can bear results.

Everyone commits each to their own means.

Proviso

Corporations receiving stimulus money to expand operations and employment must also commit a percentage of their profits to keep the fund rolling  every year, up and until the point where this covers the original investment. This of course will allow them to expand and would be excellent public relations.

Governments using such funds would of course be expected to top up the fund from part the extra tax receipts received from the expanding economies. Deficits can also be managed.

Oversight.

This needs to be robust and given teeth by elected officials, any individual or corporation that abuses the fund will be subjected to immediate repayment of all monies loaned with fines and probable imprisonment of their voting shareholders and board [they can build a few more in anticipation of the influx]. That should improve corporate self control.

Some thoughts.

1] You have to believe in government, individuals and corporations being able to function in a responsible manner. Hard I know, but give it a try.

2] This is not socialism, this is called investing in our future.

3] Of course there are crooks, but we can cope with those with our existing laws.

4] Many of the richest will be at first reluctant, they can also choose to pay higher tax rates if they prefer [non-voluntary].

5] We would also argue that the infrastructure to manage this fund is already in place and the interest gained on these funds would pay for the management.

There are approximately 140million tax payers in the US and nearly 200 million in Europe, an average of $100 each would be significant. This could also be expanded over a five year investment period commitment meaning $20 a year, which would then be paid back by tax rebates.

Originally posted to LaFeminista on Thu May 03, 2012 at 03:10 AM PDT.

Also republished by ClassWarfare Newsletter: WallStreet VS Working Class Global Occupy movement.

Poll

How much could you contibute?

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20%2 votes
10%1 votes
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30%3 votes
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| 10 votes | Vote | Results

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Comment Preferences

  •  Tip Jar. Sadly for some you have to believe we all (5+ / 0-)

    benefit from a more generous and stronger society.

    Now tear me apart

    "Another world is not only possible, she is on her way. On a quiet day, I can hear her breathing." Arundhati Roy

    by LaFeminista on Thu May 03, 2012 at 03:10:19 AM PDT

  •  Actually... (1+ / 0-)
    Recommended by:
    LaFeminista

    ...and strangely, this is a godsend for the super wealthy money hoarders. They are desperate to put their gains into something other that equities, derivatives, or banks -- and there are not enough sure-thing tangibles to go around. They're scrambling for investment real estate in the ravaged US market -- but they know how it got that way and destroyed America's consumer class, so they are scared.

    Investing in a nation build-out can be a sure thing, since nations can raise taxes to pay their debts and stay alive. But I don't know if tax breaks, alone, will do the trick. They could, though. There is nothing more horrifying to a plutocrat than a tax.


    Anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that "my ignorance is just as good as your knowledge." ― Isaac Asimov

    by Pluto on Thu May 03, 2012 at 04:03:24 AM PDT

    •  My thought as well, and since they would have (2+ / 0-)
      Recommended by:
      Pluto, Roger Fox

      to create jobs in their home markets their previous investments would also bear returns.

      I'm a socialist living in a capitalist system, this seems logical to me from both sides of the divide.

      Oh noes......I'm becoming bipartisan

      ;-)

      "Another world is not only possible, she is on her way. On a quiet day, I can hear her breathing." Arundhati Roy

      by LaFeminista on Thu May 03, 2012 at 04:06:20 AM PDT

      [ Parent ]

      •  The folks amassing all the wealth (1+ / 0-)
        Recommended by:
        LaFeminista

        ...from income gains don't actually work for a living.

        So you can't really call them active participants in job creation.

        But they are usefull in a Jabba-the-Hut sorta way.,


        Anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that "my ignorance is just as good as your knowledge." ― Isaac Asimov

        by Pluto on Thu May 03, 2012 at 04:21:43 AM PDT

        [ Parent ]

  •  There's no time for this now. (1+ / 0-)
    Recommended by:
    Pluto

    I think we have to print ten trillion in new money and just frickin' mail it out. Say, $150,000 to everyone.  I'm serious.

  •  "A" for effort, but very unrealistic (0+ / 0-)

    There are plenty of ways to get the worlds economies going again, but the worlds Oligarchs won't let them happen.

    Any fix to the worlds economies is going to have to start with the understanding that we're never going back to the materialist/consumptive economies of the past.  The planet has reached it's limit to provide the natural resources for the economies of the past.  We either redefine what wealth is, and what a growing economy will look like, or we break down into an economic, and possibly militaristic, warfare where we grow our economy by denying materialistic growth to other economies.

    •  Why unrealistic? The bamks and corporations are (1+ / 0-)
      Recommended by:
      Roger Fox

      hording millions. At least this fund would allow small businesses to lend the money they really need.

      I have three staff in my business I cannot afford to hire any more, but by combining what I can afford with others someone else will hire.

      "Another world is not only possible, she is on her way. On a quiet day, I can hear her breathing." Arundhati Roy

      by LaFeminista on Thu May 03, 2012 at 08:45:22 AM PDT

      [ Parent ]

      •  The politics isn't there. (0+ / 0-)

        Don't get me wrong, it's a great effort to push the private sector to invest in something worthwhile, but anything that requires input, either money or regulation, from the government, isn't going anywhere in the era of radical Republicanism.

  •  1 trillion spent on infrastructure in the US (1+ / 0-)
    Recommended by:
    Pluto

    each year....would create between 20 and 25 million jobs.

    The US spent 1.3% of GDP last year on infrastructure, we used to spend 5%, the EU and India spends around 5-6% of GDP on infrastructure.

    It is the lack of proper infrastructure spending levels that has helped create the jobless recovery that is SOP post Reagan and why U6 is still over 15% - 3 going on 4 years after the Great Republican Recession..

    TnR for discussing infrastructure, TnR for a creative approach, TnR for Effort and another TNR for  U Rock.

    FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

    by Roger Fox on Thu May 03, 2012 at 09:56:25 AM PDT

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