I find a very good idea once in a while, and generally it is gummed up to a point that it is unworkable. It stands as a sick and sad concept to give the overages to Charity, like everyone wishes to make investments with no rate of Return. The idea of giving a share percentage of the Profits of an enterprise is not new, something call silent partnerships. Building a business format finding and selecting these silent partnerships creates the new Concept. What I would do is create the business, find the participating business, and sell Percentage (1) shares over the Internet for an auctioned price with the participating business capable of acceptance or rejection of the bid. Here is a Means of participating in small business growth without the ridiculous resort to Stocks, Bonds, and Commissions; I would demand a singular Commission price from both participating business and purchaser of $100 per realized Sale. The business enterprise format could also offer Insurance on fulfillment of Return for the original investment; also through Sale at auction to major Insurers with premium set by the Insurer at auction. I would also set a $25 commission for this Insurance, as I would want an up-front one-time payment for the Insurance. It could become the new Craze of the Internet!
I was arguing for the exact opposite yesterday, but Catherine Rampell may have a point. I also have a point: Taxes should not be so complicated that one must hire a Tax Preparer; a place where Workers from the same industry can join cause in cursing the IRS for the same reasons. This states that Tax benefits should be uniform and consistent. The personal deduction should be one-size fits all–both personal and dependents. Joint filings from Marriage should get a singular one-size fits all–I would suggest $10k per filing. I would suggest a one-size fits All investment tax credit of $4000, dependent upon that great an investment, but no more Cash underwritten. I would suggest a Tax-delay Credit for investment vehicle of the inverse size of Tax bracket one is in; this meaning that you pay a tax on your tax-delay credit, but that you pay that much less tax after Retirement on the Money cashed in. I would suggest a Capital Gains Sales tax of 3%, and forget all about Inheritance, Gift, Charity contributions, etc.; though I would maintain a Capital Gains taxation of 21%.
I possess a real dislike here for granting escape from Inheritance and Gift taxation, but little is ever gained anyway. As long as the Capital Gains rate and the Capital Gains Sales tax rates are maintained, more money will be received in tax revenues than in the other; simply because the later can be so completely gamed by Those who have Money, and poorer individuals should be let out anyway from taxation. I will catch hell about voiding the Charity contributions deductions, with only the Statement that Government should be our greatest and most needy Charity case. I will listen now to the complaints (do you really think so?). lgl