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.
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
(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.)
AWSC spreadsheet for
(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.