Site 83 Economic Sanity Funding Federal Government
19 Jan 09 .
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Economic Sanity 101 and The New Corporate World are partners in the process.
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Economic Sanity 101 |
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Funding the Federal Government
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. The goal is to solve two major problems with easy-to-implement solutions. 1) End the exploitation of the nation's natural resources. 2) Fund the federal government. This Process is not a magic bullet that will produce instantaneous result, however, when implemented, the results are inevitable. There are at lease three tools for accomplishing this. . |
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. Set up a separate national network of non-profit foundations using the same principles as those designed for the counties to fund home loans. Create at least one foundation in each state. In larger states, set up more than one foundation. For example, in California, set up three foundations, southern, central, and northern. The reason for multiple foundations is to prevent excessive concentrations of power such as we now have in the federal government. (For foundation formatting, see The New Lending Structure on the page titled: How to End the Home Foreclosure Crisis. We suggest that ten to twenty percent of all moneys taken in by government agencies for leases on government owned lands and other government-owned natural resources be transferred to the foundation for the area in which the resource is leased. The percentage allocated to the foundation may be more or less than the amount suggested. Keep in mind that the higher the percentage the faster the transformation proceeds. Each foundation uses the money from the leases to buy stock in corporations leasing the use of natural assets from the government. The foundations pool their resources and start by buying stock in the corporations that are exploiting the state or nation's natural resources. Once the foundations (collectively) own a controlling interest in the offending corporation, the foundations can stop the exploitation and transform the business management process to one that matches The New Corporate World Foundation's Win-Win Business Structure described at: http://www.New-Corporate-World.info#39 For an example of how to do this and the results it will produce, readers are directed to the TLC-Life-Center website titled: How to Preserve the Last of The Virgin Redwood Forests at: http://www.RedwoodForests.info#36 The Lending Foundations are the non-profit foundations used in creating the offending corporation's Win-Win Business Structures. The Corporations are also able to set up their own foundation as described on the page titled: How to End the Home Foreclosure Crisis. When the foundation acquires a controlling interest in a company, it transforms the company as described on the two website mentioned above, site #36 and site #39 The foundations play the role of the non-profit foundation in the Win-Win Business Structure. The profits generated by owning stock in the corporations will then be used to fund the federal government following the procedures such as those mention in the footnotes below. **mc4 And those mentioned on the page titled: Rules and Management Practices for Trusts and Foundations. To understand to financial power of this process, readers are directed to the page titled: What Social Security Was Supposed to Be. This process will end callous exploitation of our natural resources. It will fund the federal governments, and it will preserve the last of our natural heritage such as saving the last of the redwood forests. .
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. Exxon Mobil is the second largest (second most profitable) U.S. corporation. In 2007, while over half of the U.S. population was struggling to find enough money to buy groceries and gasoline, this company made forty-billion, six-hundred-and ten-million dollars in profits. ($40,610,000,000) That's the equivalent of collecting about one hundred and sixty four dollars ($164) from every man, woman and child in the entire country. In that same year, Exxon Mobil paid _______ in taxes to the U.S. government and to state and local governments. Three of the five largest (most profitable) U.S. corporations in 2007 were oil companies. When you add up the combined profits of Exxon Mobil, Chevron, ConocoPhillips and the other oil companies (such as Valero, Marathon Oil, etc) the numbers in the Exxon Mobil example is more than double. We'll get back to Exxon Mobil in a moment. Let me shift, briefly, to an analogy Investments - Endowment Funds: What do the financially wise people do with a portion of their income? They use the money as an investment with the intention of preserving their assets for future use and for the purpose of making a profit on their investments. What do the major universities (such as Harvard or Yale) do when they receive major donations? Do they spend the money? NO! They add the money to their endowment funds. They invest it and use the profits to fund the university. (In the ten year prior to the financial meltdown, the Yale University Endowment Fund earned 14% to 18% interest each year on its investments.) How do wealthy individual handle their money? They, too, invest it and live off the profits of their investments. Why should governments not do likewise? It's doable. It's feasible. It would simply take some time for the shift to be completed. Here's how to do it. What if the governments took a small percent of its tax income and transferred that money to a network of investment foundations. Or what if the government took ten to twenty percent of all moneys taken in by the federal government for leases on government lands and other government-owned natural resources and transferred that money to these investment foundations. What if the network of non-profit foundations belonged to and were managed by agents hired independently by the people and not under the control of government bureaucrats? A network of foundations similar to those proposed for solving the home foreclosure crisis could be also used for government savings and investment programs. **ncw3 What if the bureaucrats put in only a small percent of the tax money into those independently controlled foundations? What if the funds were never spent, but rather used for investment purposes only? Obviously, it would take several years to completely revamp the entire taxation structure, but the results would transform the world. See the section titled: Six Simple Steps that will Change the World. Readers are also invited to see what Social Security would have been if the government bureaucrats had not stolen the money and destroyed the Social Security system. Now getting back to Exxon Mobile. What if, in the future, a portion of the money that this company pays to the various government agencies (we're suggesting ten to twenty percent) was put into the foundations and used to purchased stock in Exxon Mobil? How long would it take for these foundations to create a controlling interest in the nation's second largest corporation? We can't answer the timing question, but we can unequivocally say that, the end result would be inevitable. At some point, controlling interest would shift out of the hands of the money lenders and into the control of the foundations. At that point, the corporation would no longer be able to arrogantly take forty-billion dollars a year out of everybody's pockets while the average person struggled for survival. We're talking about the nation's second most profitable corporation and, in this scenario, David easily outfoxes Goliath, non-violently with six simple steps. These six simple steps can be used by any corporation. They can and will change the world, unless we kill ourselves first with Global Climate Change. Imagine what this will do with smaller corporations --- with corporations that set up their own foundations -- with corporations where the employees set up asset-protected retirement trusts that support the corporate revamping process. The money interests that control
the federal government keep
putting whipped cream on
garbage. Instead of more of the same and
the same thing harder, it's time for a real
change! It's time to create The New
Corporate World . |
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. Social Security: Examine what Social Security would have become if the bureaucrats had not stolen and spent the money that was supposed to be used to create and investment portfolio. What Social Security Was Supposed to Be ² Start a new and separate program designed to be what Social Security was supposed to be. To initially fund the program, invite wealthy individuals to donate or loan money (at zero percent interest) to the investment portfolio. |
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. Government Contracts: Require local, state, and federal governments to contract only with corporations that use the The New Corporate World Foundation's Win-Win Business Structure described at: http://www.New-Corporate-World.info#39. ² This would revolutionize the entire corporate world, it would end the exploitation of the public treasury by corporations, and it would definitely put a harness on the military-industrial complex. |
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Back to the top of this page ¹ TLC-Life-Center Family of Websites Copyright © 2008 -- Robert E. Coté -- The Life Center All rights reserved. See: Terms of Use ² Site 83 -- Economic Sanity 101 .com . Page -- Funding the Federal Government - Without Taxation http://www.EconomicSanity101.com/funding-national-governments.html#83 http://www.EconomicSanity101.com/funding-national-governments.html#83 Funding the Federal Government - Without Taxation-83-EconomicSanity101.com . . .... |
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