Stamper ID: 4945

Hometown: Derby Line, VT

Lifetime Found Bill Report Ranking: Unranked

Stamped in All States Ranking: Unranked

Why I Stamp:

To restore more democracy to the good American people and less to self centered Corporations.  I do not think they are the same as people.

Relationship status:

maried

Favorite Place to Spend Stamped Money:

Various.

Tips for Fellow Stampers:

Go for it!

Education:

BS Chemistry/ Physics, MBA Tuck Schook Dartmouth

Job / Profession / Work:

self employed, farming, inventor, pilot, etc,

Hobbies:

Square dancing and many other things.

What Makes Me Happy:

People working together for common positive benefit.

General Comments:

Corporate profits
Corporate profits are not the major indicator of corporate success.

Profits are important long term, but success depends on achieving goals.  Total goals include employee job enjoyment, accomplishing tasks such as building products, knowledge, economic worth, etc. as well as long term profits, something I learned at a preeminent graduate business school in NH.
Government funding ideas(taxes):
When I was young there was a 90% tax rate on very large incomes.  There was also an antitrust law to prevent companies from getting too big and hurting competition.  Things have changed in the last 60 years.

I propose a simple tax on all purchases and get rid of capital gains and income taxes.  This national tax would be on all purchases, not only  of canoes and yachts, according to your income level, but also on all investments purchased in any way such as stocks, bonds annuities, etc.  There would be no tax for the seller, only the buyer.  This would prevent anyone from dodging taxes.

The rate of 11% on all sales would be more than enough to eliminate US Capital Gains and Income taxes.

It would also give government their money right away.  It would be an inclusive indicator of economic activity.  It would do away with business finding loopholes for the wealthy.  It would save the expense and sometimes nightmare of doing and filing  taxes.  It is simple.  It would be comprised of percentage parts for Federal, State, and Local  governments.  If you made a wise investment, the profit would be yours.  It would not penalize you for being lucky or smart making a profit selling an appreciated asset.  The buyer would pay the purchase tax.

Also, any money leaving the USA for investment elsewhere would be taxed at the same rate.

However, if we left out taxing investments, the rate would jump to 15%.

Is this how the rich continually get richer at an ever increasing rate?

An added benefit would be that as more expensive properties were built in neighborhoods or on lakes, the existing people would not have to move away due to their property being re-evaluated to the point they could not afford it, as at present.

Another idea:
National elections:
From the date of announcement of a national election, or scheduled date of a national election, the actual election should be two months later.  Campaigns should be limited to two months.  People should not have to start collecting money for the next election the day after they are sworn in.   They should have time to actually do work in office.  The practice of money buying lobbying should be drastically curtailed.

Ideas for better government should be based on debated ideas rather than what money purchases.

It is beginning to seem that money is becoming valued more as a tool to do things that concepts.

Please send me your comments about these ideas:  gweller@ctq2.org