Perspective for REST
Investment capital to startups and small businesses less than two years old is hard money to come by, yet according to the Small Business Adminstration small businesses:
> Employ half of all private sector employees.
> Generated 65 percent of net new jobs over the past 17 years.
> Create over half of the nonfarm private GDP.
> Hire 43 percent of high tech workers.
> Produce 13 times more patents per employee than large patenting firms.
> There are about 27 Million U.S. business'.
Also, our government has a spending problem. Big government is not the answer to cure our societal woes or problems of inequity and corruption enacted by the SuperRich and SUPER CORRUPT in big business, big banking and big government. Big government is not the solution, but rather generosity or tax regulations that induce generosity by the SuperRich is the answer. If BIG and successful businesses and high income earning executives do not pay wages or for healthcare for their employees that help to make them very profitable, then the government has to pick up the job. This is what is happening here my fellow citizens. Read about 'The BIG CORRUPTION below."
Excerpts from the
Declaration of Independence
July 4th, 1776
The Rally for Our Cause!
"When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another . . . We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed . . . That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness . . . But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security."
Are we not at such a crossroads in our country once again?
It's time we EMBRACE SOLUTIONS
that address the ROOT CAUSES of
Now more than ever!
We need to be a
NATION OF INNOVATION!
THE STATUS QUO MUST GO!
COMPROMISE & CORRUPTION
BLOCK the very INNOVATION
WE NEED to solve our problems.
A conservative, smaller, reformed and innovative government.
The national debt now exceeds 17 trillion dollars, and our GDP. All this is happening while corporate profits are at all time highs and worker compensation has remained fairly stagnant for years to decades. According to the CBO, the top 1% of US income earners have effectively worked to extract wealth from most of our population in a very inequitable manner by increasing their income nearly 7-fold between 1979 - 2007.
The SuperRich and their companies have also transferred risk and responsibility to care for the welfare of their workers to the government. They have hoarded their wealth to maintain control and power to manipulate markets and our government. The SuperRich work towards innovation happening only upon their investment in such. The media, knowingly or not works to support this prejudice against innovation from those outside incumbent leadership as they fail to support reporting upon innovation that is lacking "Brand Name Leaders or Investors." That is, even when superior ideas are presented to the marketplace, corruption and prejudice or a lack of objectivity or a lack focus on actual solutuons by incumbent corporate or government leaders and the media pair to ignore PARADIGM shifting innovation. Self-seeking incumbent leaders that are unable to control the innovation or falsely take credit for innovation will work against the innovators and the innovation to make sure it does not succeed, so their plans may succeed. This model of the battle for power and influence is one that is at the root cause of our woes. When the true and best innovation and innovators are not embraced or given leadership to solve problems, then inferior, and often malicious, yet usually charismatic leaders fill the void. This cycle of wealth and power manipulation must end before it ends us.
As result of this corruptive cycle of commerce and governance in our land, the SuperRich have taken advantage any and every way they are able. For capitalism and democracy to remain functional and sustainable need a conscious and compassion for the those they serve or those that empower them. Without leaders of integrity, honesty and sincere servants in government and companies and society will mainly serve the special interests SuperRich and top executives and leaders. This imbalance of proper and functional equity eventually drains or implodes the ecosystem. At such a time that the checks and balances have been corrupted so the system no longer produces the outcome it was intended to, the system must be amended, and the leaders replaced.
The highest form of leadership, that unfortunately is lacking in majority today, is such that does not require any regulation over it to do the good, right and just action, except obedience to God and serving others. However doing such and going a step beyond, to lead by innovation and problem solving, takes a moral uprightness and work ethic not favored or embraced by the lazy and corrupt. Everyone in society has a role to be responsible for ensuring the success and safe harbor of their community and country. When leaders fail to serve or citizens fail to support the leaders that will serve the best interest of the majority of the community or country, the system employed, be it capitalism or democracy, will be sure to fail or flail.
Every system and society sometimes loses it's way and goes astray and the only hope for salvation is reformation of the leaders hearts or the system itself. Trillions of wealth has been transferred from 99% of the population to the SuperRich and large corporations, leaving the economy in a mess, as well as our government in a pattern of deficit spending as a result. Even with trillions on hand for investment in people, start ups and small business, Big Banks, Big Business and our Big Federal government sit on their hands or invest little in order to provide jobs and restore the economy.
We Need to Be a Nation of More Innovation!
The American Recovery and Reinvestment Act (ARRA) of 2009 provided a total of $787 Billion towards tax cuts, entitlements (much for extending unemployment benefits), grants and some loans. What if these funds were invested into small business, rather than just handing out money to taxpayers (and corporate America) to buy big screen TVs?
Another 700 Billion (TARP) was loaned to bailout banks. How many jobs have these programs created? How many homes and businesses were saved? Unemployment is still up since 2009 when President Obama took office (if one accounts for those that retired early or are underemployed).
Nearly all startups cannot qualify for a loan from a bank until after two years of revenues and profitability and therefore must rely on private investment, credit cards or savings. Seven out of 10 new employer firms survive only 2 years. How many new small businesses would still be in business if $50,000 - $250,000 were available to them? How many jobs would have been created? How many new jobs would have been created if 1.5 Trillion in loans were made available for startup and small businesses rather than TARP and ARRA? See below:
> 5 Million small business' could have received $50,000 = 250 Billion
> 1.5 Million small business' could have received $250,000 = 750 Billion
> 100,000 small business' could have received $2,500,000 = 500 Billion
With REST 100 - 200 billion/year could go to small businesses and startups to fuel their growth, create a million plus new jobs per year and invigorate the innovation our country needs to be competitive on a global basis. Over a decade, it could contribute 1.5 trillion dollars for job creation by small businesses and create millions of new jobs.
Small businesses and startups employ over half the workforce and create most of the innovation and new jobs. Is this not what our country needs to invest their money in? If small business creates so many jobs why do we starve them? Issuing stimulus checks works as a steroid to artificially and temporarily solve the problem. But should our tax dollars be used to fund their growth? Is it not the fault of our corporate and government leaders and the SuperRich that got us in this mess? Of course "We the People" voted our representatives into office and must take some responsibility for doing so, but their opportunity to lead as they should have has been given due course of time and now is the time for REAL HOPE and REAL CHANGE! Rather than Welfare, most citizens just want to be fairly compensated and share in corporate profits that they were a big part of helping shareholders and top executives earn. There is another solution to fund small business innovation, job creation and jumpstart the economy. It is called the RevShare Everywhere Stimulus Tax Plan.
Site founded by Randy Smith with the purpose of sparking REAL CHANGE thru REAL SOLUTIONS. All rights reserved, 2013.
Poll on September 17, 2013 by Yahoo Finance
What's better for society?
If the wealthy give money to charities (4091) - 10%
If the wealthy give money to help create businesses (26534) - 62%
If the wealthy pay more taxes (11928) - 28%
In the 1980's . . .
under President Reagan, tax rates were halved but federal income doubled.
REST Plan Economic and Tax Revenue Outcomes
The REST plan seeks to reverse the trend of the redistribution of wealth to the top 1% of income earners and fairly and justly balance the distribution of income and wealth. The lack of a check and balance on the top 1% of income earners, banks and large profitable corporations has effectively worked to redistribute wealth and income. Since our current government leaders have done nothing about this corruption, but have actively or blindly taken part in it.
The reduction on paycheck tax rates for personal income earners, the increase on capital gains rate, elimination of corporate tax income and increase in payroll tax income and GDP should provide an entire wash effect on net federal revenues. REST deductions shall not apply when invested in direct family: children, parents, aunts, uncles, nephews, nieces, brothers, sisters, grand children. Such distributions to family will be taxed under current tax law.
The REST Plan Makes an Offer Not to be Refused!
> Projected REST distributions of 500 billion+ generated annually to increase living wages, economic growth and innovation.
> Payroll growth rate at 10%/year = REST + inflation.
> REST plan only secures revenue sharing from very profitable companies.
> GDP low end estimate of a sustainable growth rate of 3.5 - 4% per year.
> Used as alternative lever to Federal Reserve to induce growth, create jobs. REST may be adjusted over time and increased or decreased to keep inflation and growth in check.
> Corporate tax rates would be effectively cut by 5% with 20% REST deduction.
> I would suggest changing capital gains tax to match personal income tax rates to ensure equitable taxation of income, and revenue sharing of income with all co-workers that are adding value and contrubuting to the success of a company or executive.
> Encourages and embraces altrusitic component for profitable corporations/people.
> Provides opportunity for high income tax payers and corporations to take a more active role in supporting educational, healthcare and investment opportunities vs. the federal government using their funds to do so.
> I'll soon be adding financial projections for federal tax revenues and payroll (bottom 90%) & GDP growth.