My Proposal for a
More Democratic Government
Let's vote on it!
Q: Who is running this
The Old Money and they do not have our interest in mind!
Q: In a democracy aren't we, the
people suppose to be running this country?
The USA is a plutocracy not a
democracy. It is the Old Money, the money
have accumulated through many generations that run the US government. It is
the Old Money that stifles the functioning of a true democracy. The power
the Old Money have acquired is used to further their interests not the
interest of the citizens of the state. The Old Money is the single most persistent
enemy to a fully functioning democracy. We can vote the elected officials out
of office but what do we do with the entrenched Old Money that influence or to
be more blunt, control the political decision making process?
Our democracy has been compromised by
the political power of the Old Money. Democracy is power of the demos, the
populace not power of the few Old Money who have their own interests in mind and
certainly not the inertest of you and me. We know that the wealthy always want more wealth
and more power. This human nature that the wealthy have will never change so we must find
other ways to reduce their powerful political influence and
return the power of democracy to the people.
Money, lots of money is what allows
the wealthy to gain political power over several generations. I suggest that the
inheritance of any individual be taxed 100% beyond 40 million dollars and no
inheritance tax below this amount. Forty million dollars can be passed on the next generation. This is not enough money to acquire any destructive
political influence. This is enough seed money for the offspring of the wealthy
to educate themselves and to start a business. Many wealthy entrepreneurs have started with a lot less than forty million dollars.
Upon the death of a wealthy individual all the assets
are to be made public. The assets to be sold at auction and the
proceeds go to the local and federal governments. The progeny may keep any portion up to 10 million
dollars for each category up to forty million dollars total. Total $40,000,0000
divided amongst all the progeny.
Inherit real estate up to
Inherit cash, stocks and bonds up to $10,000,000
Inherit art and antiquates up to $10,000,000
Miscellaneous items up to $10,000,000
Any undeclared or hidden asset will be deducted from the
that the that is kept.
This will motivate people to be honest with the Internal Revenue Service.
Non-cash assets beyond the 10 million
per category will be auctioned.
income taxes for the rich
Collect taxes in full upon death
One may say that the very wealthy will find ways
to go around this inheritance tax. Yes to some degree
this law along with many others can be abused. However over all it can be
enforced well enough to accomplish the goal of eliminating the
wealthy, the entrenched insiders that run our country. This will
help the economy and return democracy to the people.
Wealth with sweat should be the
The elimination of allowing all or
inheritance to be passed on will do away with the idle wealthy progeny. The return to wealth
with sweat will be a welcome change. The rich will have to earn
their money "the old fashioned way" by working for it.
The forty million dollars for most of us is a lot of money, so any objections
from the wealthy will fall on my deaf ears. The elimination of
the Old Money wealthy class will greatly reduce their power. No
wealth no political power!
Since the wealthy will divest their wealth upon death
reduce the income tax burden while they are still alive to motivate the
entrepreneurial spirit. This will have a positive impact on the work ethic and
creativity thus producing prosperity for all very quickly.
The real estate property, your house you believe to be yours is actually leased from the
government. Just stop paying your real estate taxes to see what I mean. In the
same manner wealth is not yours to keep forever. Somehow through the many
generations this has become the entrenched. This entrenchment is a good idea for
the lower and middle classes but not for the wealthy because they use their
wealth to buy political influence.
We offer inventors only a limited monopoly on
their patents, I believe 17 years. We offer authors a limited copyright on their literary works.
There are limits for how long these assets can be monopolized. It is good that we do not offer an endless monopoly to these innovators.
When the patent or copyright expires the asset becomes public domain. This
means that the the citizens now own the right of these assets. We do this
because we make the rules so that the individual profits and society in the
end benefits. We do not allow a perpetual ownership of these assets. For
the same reason let's not allow the Old Money wealthy an endless monopoly of their
wealth of assets. The wealthy cannot take their wealth with them to the
grave nor do they maintain any control of it through their offspring.
This is our country, this is our playground, we built it and we make the rules. The rules are
that we try to protect everyone from outside and inside enemies. We make the
rules to help all to prosper. The rules allow for some to prosper well above and
beyond the rest of us. This is good, but when the extremely prosperous die the
new rules say that since you cannot take with you, you must give it to the
owners of the playground which provided the environment and allowed you to amass your fortune in the first
place. When you die
the fortune you accumulated will no longer belong to your close genetic beings,
that is your family and relatives but to the national genetic pool. In a nutshell we make the rules so the
individual can climb the ladder at any height but in the end society
gets the ladder for all to benefit. In a sense over the long term the wealthy
create wealth for society. They are philanthropists. They donate the forty
million dollars to their offspring and the rest to society. True philanthropy
which should be acknowledged as much as we do so to scientists, artists etc.
The new rules also encourage more to
seek prosperity faster than ever before. Innovation should be encouraged and well
rewarded. However the assets accumulated by innovation should be given limited protection not
a perpetual monopoly status.
The wealth of the
super rich must be reduced
upon their death so their descendants will not have
funds to perpetuate undue political power.
Political power belongs to the people!
If the very wealthy do not want
to avail themselves to philanthropic giving then the state will step in and do it
for them. Removing most of the assets of the wealthy at death is for the
betterment of society. The failure of the wealthy to manipulate the
political process benefits all of us.
Promote the New Money by reducing the income tax bracket of the super rich. The real
tax payment will be paid upon their death.
Wealth and political power go hand in
hand. The only way to pry the grasp of wealthy to the politicians is to remove
the assets. Their philanthropy can be voluntary or involuntary at the choice of
Fresh blood is better than old. New blood is vibrant and sustains life. New Money is more entrepreneurial and
more creative and more aggressive. New Money will create more wealth so more
citizens will benefit. New Money will gain political influence
but that influence will dissipate upon death. Just like politicians which
are voted out of office the clan of the wealthy will also loose their political
The idea is not to have a perfectly
level field which will be impossible but to strive to reduce poverty and prevent
the Old Money from monopolizing the political arena. One may say this is socialism. It really isn't as the
tax burden is shifted to the end of one's life. To promote the ambitious
entrepreneurial spirit the income tax on the rising stars and the new rich
should be reduced. The new entrepreneurs
are given a lower tax burden to help them achieve their goals early within their
Yeah, it may be true that the rich are smarter than the
average lot. Some of them may even work a little harder, because of
the great rewards the wealth affords them. The richer one gets
one usually gets to be more ambitious. But why should these
attributes earn them wealth beyond their contribution? Though
business savvy should be rewarded it should not be at the perpetual
expense of the masses. Hard work coupled with accomplishment should
be well rewarded as a reward in itself and to encourage others to
follow. Merit is the guiding force to wealth.
I am certain that there will be
cheating. Over all this program can work as the result of one's wealth is
expressed in one's lifestyle. So any outlandish lifestyle will be a dead giveaway
of inheritance tax invasion. Make tax evasion of $10,000,000 or more a punishable 10 to 50
years prison sentence. This hard punishment will hopefully dissuade the wealthy
of tax cheating.
In the USA we do not allow criminals
to financially benefit from their crimes by writing a book. The criminal will
not get any of the profits from the sale of such a book. In the same way the
violators of the new inheritance law cannot benefit by circumventing the intent
of the law. All the assets will be confiscated and penalties meted out.
I have not figured every detail about
my proposal on the inheritance issue. One thing I am certain about and that is
that we must do all we can to dismantle and render powerless the entrenched Old
Money which stifles democratic rule. This will give rise to a more democratic
society. All of us will be the beneficiaries. Prosperity and democratic
political power for all is achievable. There may be some downside to my
proposition but in the end the benefit of a true democratic society outweigh the
pitfalls. Democracy is not free. A democratic society is attained at a price and
that that price must be paid now.
Certainly the Old Money will not be
happy with me and label me a communist when in fact I am a true democrat. I do
not mind being the nightmare of the Old Money and I am proud to be the dream of
the demos. Yes, this dream can be realized by the citizens. The Old Money can
look at themselves as philanthropists when they give up their wealth for the
benefit of the citizenry. It is a noble goal to be a great philanthropist. When
the wealthy donate most of their wealth for the betterment of society and
democracy they will gain the respect from all of us.
Perhaps there are other ways for us
citizens to gain our rightful place in the political arena. This is my proposal
for a more democratic society and if given a chance will succeed.
Let's set aside a
day every year perhaps July First as International Democracy Day.
Let's offer thanks to the Athenians for the foundation of this great principle
and a reminder to all of us to make sure that tyranny will never take hold.
See this very interesting article, Wealth, Income, and Power: