(G) Donations by the Forbes Richest Americans (The 2% Forbes 400 Solution) Over the last 30+ years, the wealth of America’s richest taxpayers has increased disproportionately as compared to the stagnated and declining wealth increase among America’s low and middle classes. Fed Chair Allan Greenspan expressed his concern about the increasing income and wealth disparity between upper and lower classes in his March 2, 2005 testimony before Congress. His answer to spreading wealth was to increase educational opportunities for Americans. As Greenspan noted, the GI Bill of Educational Rights gave America an opportunity to build and strengthen their middle class. The AWSC proposals increase America’s educational quality and capacity, while building our economy and national character
(H) Consequently, a public web site linked to the AWSC web site will list the Forbes Richest 400 Americans, who have benefited most from our nation’s human and physical infrastructure. Merely to be on this list in 2015, one had to be a BILLIONAIRE worth 1.7 billion.
Those who live in luxury bestowed in large part by the skill and education of all Americans will be asked at the web site, “What have you contributed this year to help make the world safer for today and tomorrow’s children? Each month the web site will list donations that America’s richest have made to implementing the AWSC and reducing its cost to America’s taxpayers.
(I) Donations by certain low tax paying corporations. — A large number of Fortune 500 corporations annually pay little or no taxes, according to such organizations as Citizens for Tax Justice (CTJ) and the Institute on Taxation and Economic Policy (ITEP). At the AWSC website, with additional information supplied by other relevant federal agencies and information sources, those corporations who have paid none, little, or received federal tax paybacks (negative taxes) for the past five years would be listed. This section of the AWSC web site would strongly urge these light or none paying corporations to contribute to underwriting the cost of making the world safer for them, their businesses, and their children. The site will remind them, including their stockholders, that by doing good — companies can do well.
These donations would be listed alongside their researched nominal and effective corporate tax rates and tax payments. Such socially conscious donations could significantly reduce the AWSC’s cost. For those who paid little, none, or negative taxes, Congress should not allow the donations to be tax deductible. (See http://www.usatoday.com/story/money/markets/2016/03/07/27-giant-profitable-companies-paid-no-taxes/81399094/ for some details.)
(J) An AWSC spreadsheet for America’s highest compensated celebrities.
(K) An AWSC spreadsheet for America’s highest compensated athletes.
(L) An AWSC spreadsheet for America’s highest compensated CEOs. Could these donate to AWSCNS escrowed account? http://www.forbes.com/lists/2012/12/ceo-compensation-12_rank.html An AWSC spreadsheet listing CEO compensations of those who have received federal bail outs.
(M) Charitable Trusts, Philanthropic Foundations, etc. – Trusts and foundations may find the American World Service Corps meshes well with their goals of improving world and nation and reflect that in grants and donations. If the Gates Foundation wants to eradicate AIDS, a robust army of American volunteers can make that happen by doing the hard, face-to-face groundwork. If we want to reverse climate degradation, we will need more than 4,000 power point presenters, we will need tens of thousands of AWSC volunteers working daily for years with a variety of effective NGOs. Foundations’ contributions to those NGOs (non-governmental organizations) working under the AWSC umbrella would also be listed at the AWSC site.
12) Daily Stipend Costs of AWSC volunteers serving in NGOs
Initially, this AWSC proposal leaves the daily service stipends paid to those who volunteer for NGO service as the NGO’s funding responsibility. However, the unorthodox (or as yet non-traditional) funding mechanisms listed here offer NGOs another means of funding some or all of their volunteers’ daily stipend expenses, as our proposed 2% Forbes 400 Donation graphic depicts. Congress could allow those donated funds to cover daily stipend costs.