A New Squirearchy
Subtitle: A Proposal for Reducing America's Wealth Gap
Edition: Revised Edition
Publisher: Monographia Press
Published: 2024
Place of publication: Columbus, Ohio, USA
Language: eng
Format: Pamphlet
Number of pages: 20
ISBN-13: 9781637324233
Copyright date: 2024
Subjects: Economics
First sentence: Without resorting to extreme measures, is there any act you could commit today that would have much effect outside the small world of people you know?
Description: This essay examines the potential of a highly progressive tax system designed to limit annual net personal income from all sources to a maximum of one million dollars. The proposal allows for only two narrowly defined deductions: basic personal exemptions and charitable contributions. A parallel corporate tax structure is outlined, permitting deductions for operating expenses, capital investment, and charitable giving. To strengthen accountability and civic engagement, the framework incorporates residency requirements for senior executives, tying organizational leadership to the communities in which their firms operate. The overarching aim is to reduce excessive concentrations of wealth and influence while cultivating a class of locally rooted leaders committed to the welfare of their communities. The essay argues that such a policy could rebalance democratic participation without disrupting the essential functions of existing federal, state, or local governments.
Table of contents: title: Preface, Abstract, First Considerations, The Proposal, Afterword, Notes