the wealth cap
The Program
The Wealth Cap program is designed to cap wealth per the WCE valuation. The cap would be set to a number of around $10 Bilion in wealth per the WCE. The proceeds from the program would go into a fund, much like a trust fund. The fund would be called the Fund America with Investment and Resources fund or FAIR. The proceeds from this fund will go towards reinvesting in American workers directly in the form of a Debit Card. The programs the fund will invest in include:
· Families in poverty
· Single mothers
· Creation of new small business for those individuals under $60K Annual Income
· Housing for the homeless
· Daycare for families making $60K or less
The WCE
We need a new definition of wealth. We need a definition that does not punish the wealth creator but limits the wealth of the benefactor. The wealth benefactors are the relatives of the wealth creator who inherit or are given the wealth as a gift. The new formula for wealth will be weighted so that the wealth creator gets to retain much more wealth than the wealth benefactor.