Would you like to receive, in addition to your
salary, a much greater percentage of the profits of your labor? Would
you like to help all working Americans, and workers world-wide do the
You can help by spreading the word about a simple,
more civilized economic technology, that is nonpartisan and
“positively” revolutionary. You can be a part of an up-rising of the
most positive kind; our standard of living.
What is this new idea and how
can you help?
A 60% tax credit, for companies that distribute a
monthly profit-sharing dividend to employees; (a predetermined 25% of
But this is no mere deferred “retirement” program,
and no mere tax credit. This is about a mutually beneficial stimulus
program that redistributes wealth to the people who earn it before the
government or corporations can decide to use it their way.
This simple tweak in our tax laws can dramatically
improve the incomes of working Americans, and working families all
over the world. It also has the potential to transform our entire
economy to a new level of prosperity.
At first glance, the idea may seem unremarkable, but
both the immediate and extended consequences of this strategy are
This direct tax relief for businesses that regularly
share up to 25% of profits with workers, helps not just workers, but
business, industry, and government as well.
How does this mutually beneficial irrigation of
wealth take place? First, and obviously, it is an incentive for
businesses to reduce their taxes if they have shared their profits
with their employees. Most importantly, this makes low-income jobs
become more profitable; dignity and a participatory spirit are
restored to all levels of employment. This increases supply as well as
demand, and potentially initiates a dramatic boost of national
productivity. Jobs which once could not support a family, now become
more attractive to a large underestimated block of unemployed citizens. Herein
lies its capacity to virtually eliminate unemployment without
expensive retraining or re-education programs. It stimulates as well
as stabilizes the economy, without raising taxes or creating new
public works projects. Although it requires an initial reduction of
government revenues, the increased national productivity and more jobs
would actually increase the government revenue base rather quickly.
Such an increase in revenue would also help replenish social security
and Medicare coffers without cutting benefits or raising taxes, an
idea that until now has been thought impossible! This may be a major
solution to many of the most confounding economic problems of our
The government claims they want
new ideas. Let’s give them one!
Order the new book entitled, Payback:
Profit-sharing and the Coming New Age of Working Class Prosperity.
$14.95 + $2.50 Shipping and Handling
By sharing this book and discussing it at work, with
your congressman, with your corporate CEO, your union, your friends,
and even within your community of faith, you will not only be working
for your own enhanced income, but you will also be helping to spark a
change that will initiate a quantum leap in socioeconomic stability
and prosperity. Also learn how you can help to implement an easy test
run at the local and state level to prove its viability. The
inevitably successful test runs will help expedite its national
acceptance and avoid a political stalemate in Washington.
This concept is based on a proven management
strategy that, when managed correctly, consistently improves business
performance and worker participation; prompt, cash-back
profit-sharing. This uprising is about implementing this positive
motivational strategy on a national and international level.
This is the unleashing of our most valuable national
asset; the economic unity of workers, business, and government.
Now there is a specific strategy that can bring us
together in a mutually beneficial enterprise. The most refreshing
aspect is that it is politically centrist. It is the missing link of
conservative supply-side economics and the missing link of liberal
economic democracy. It satisfies the fundamental ideals of each by
accomplishing an equitable prosperity for all. The age of adversarial
politics should now be rendered irrelevant.
In a letter to Dr. Darian Smith on Oct. 7, 2004
regarding the Profit-sharing tax credit:
“I certainly share your enthusiasm for
profit-sharing not least because it creates a basis for partnership
rather than conflict between capital and labor…a more socially
desirable model…one which is likely to lead to greater efficiencies
of operation…and has the potential to reduce the extremes of wealth
and poverty and to ease adjustment to variations in the trade cycle
by reducing costs in times of stress (as an alternative to greater
unemployment) and sharing rewards in times of prosperity.”
“I applaud your efforts to get action in
Congress and wish you every success, particularly with regard to
removing legal obstacles…
“I acknowledge that in the present
political climate, a tax credit may be the most practical way of getting
Congress engaged. In any case, my objection (to tax credits in
general) may not be as important when it comes to business taxes,
which by their nature tend to be more targeted.” - John Huddleston,
former chief of the budget and planning division, and assistant director in
the office of the managing director -International Monetary Fund
If our leaders do not grasp this opportunity,
grassroots working Americans will. The strategy is astonishingly
simple, and the immediate as well as extended consequences can create
an economic environment that transforms an old economic stalemate into
a new more civilized era. The fruits of this idea will help alter the
way we see ourselves as a unified culture, dispel divisive myths, and
awaken an altruistic energy long thought to be lost. More importantly,
it is the missing link that promises to refine capitalism and redefine
its purpose. Then it can be the attractive global model that it was
meant to be. It is “positively” revolutionary.
This is Payback!