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Saturday 7 June 2014

I think I figured out a way of how to solve this economic crisis!

We can use a method called "Affiliate earning"
Basically you tax corporations a rate of 15% of their total profits made in a country, where 5% goes to the government, and 10 people will get 1% each. This will not only make corporate tax rates decline, but at the same time we can get millions of people to become millionaires just by relying on this scheme.

However, to make sure that this idea is egalitarian, the rich who own companies are not applicable for application to this scheme, the scheme allocates the 1% to the poor first and then to the middle class.

Since it makes both the people richer and the companies richer(Since 15% tax rates is lower than the current tax rates in most countries), everyone will support this scheme, don't you agree? Hence, this scheme is able to be passed in legislation easily. Oh yes, and governments can cut back on unnecessary expenditure to ensure that the decrease in revenue for them will not result in more debts.

However, I am concerned that people will leave the workforce in huge numbers. This is detrimental since a economy of no workers will not attract more companies which can give citizens more affliate earnings. Hence, I propose that those who get the "Affliate earning" must be or agree to be a worker in any industry, with the exception of those who are too old to work(retirees and pensioners). For these elderly, we can still give them affiliate earnings as they have retired. For those that are unemployed because they really cannot find a job, then we can put them to government civil service or find a job for them. In this way, people work while getting hundreds of thousands of dollars to take home each month.

Do share this with your friends and see what they think!

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