Non-traditional funding mechanisms

This secion of the AWSC Congressional Proposals lists some of the non-traditional funding mechanisms that could and should be used to escrow funds to be used to fund the good a robust AWSC could do, and inspire other nations to replicate.

People’s Lobby has also created a and Fair Tax Bracket Reinstitution Act (FTBRA) to insure funding from the mega wealthy for this critically needed AWSC program that will involve Americans and others in peacefully attacking the needs, hardships, and suffering facing America and the world.

This section of the AWSC proposals also makes all Americans more financially astute about macro and micro economics. More Financing AWSC info is at http://www.worldservicecorps.us/financing_awsc.htm.

(G) Donations by the Forbes Richest Americans (2% Forbes Total Solution) http://www.worldservicecorps.us/revsforbesdonations.xls 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 bettering and increasing educational opportunities for Americans. As Greenspan noted, the GI Bill of Educational Rights gave America that 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. 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 2006, one had to be a BILLIONAIRE. 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. Congress should seriously consider not having the donations counted as tax deductible. For more details http://www.indybay.org/newsitems/2007/07/1

(H) 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 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.worldservicecorps.us/corps%20paid%20no%20taxes.xls for more details.)

(I) An AWSC spreadsheet for America’s highest earning celebrities.

(J) An AWSC spreadsheet for America’s highest earning athletes.

(K) An AWSC spreadsheet for America’s highest earning CEOs. See Financing AWSC at http://www.worldservicecorps.us/financing_awsc.htm to see who might be on these lists.

(L) 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. Foundations’ contributions to those NGOs (non-governmental organizations) working under the AWSC umbrella would also be listed at the AWSC site.