R.E.C.A.P. ( Reasonable Earnings Calculated Acceptable Point)

     Everybody has an opinion about how to create jobs. We continue to have a problem with ideology in a country that has withstood all and every attack on the constitution and this great Republic.
    My first point in this, rather in depth, opine is to set a few principles that just may prevent you from reading a lot things that you don't agree with.

• The U.S.A. is a Republic not a Democracy. Understand the difference and your life will be easier.
• Capitalism is our economy system. Capitalism is an economic system in which the means of production are privately owned and operated for profit, usually in competitive markets.
• Social Security was formed to do a honorable job and was set up to fund the job. But after political tampering over time and removing the funds for their accessibility, it has become a Ponzi scheme.

We are not:

1. Socialist: Socialism  is an economic system in which the means of production are either state owned or commonly owned and controlled cooperatively
2. Marxist (The Marxist-Leninists sought to work towards the workers' utopia in Marxist ideology by first creating a socialist state)  
3. Communist:   Communism is a sociopolitical movement that aims for a classless and stateless society structured upon common ownership of the means of production, free access to articles of consumption, and the end of wage labor and private property in the means of production and real estate

    Over the last two hundred thirty plus years we have had to make adjustments to the the revenue flow for the government to work. During the Astor, Rockefeller and Vanderbilt era we had no income taxes. While it built railroads and fueled the industrial revolution it did not help with raising revenue. So we TWEAKED.

   We have adjusted corporate and personal tax levels many times, so tweaking is not UN-capitalistic.

   But corporate wall street has taken advantage of the system by paying lobbyist to get exceptions and deductions from politicians while the CEO, officers and upper management pay has caused alarm and unveiled greed. The multiple of CEO pay to the average worker of a corporation has increased into the stratosphere.

   On the other hand we have the unions that are also funneling money via dues to politicians to advance their power and influence.

   Politicians : Do you see a trend here?

   If one will stop and think about the wasted money that actually ends up in politicians campaign chest or parts unknown one can readily see that this is not supporting capitalism. It is not helping the American economy. It is not helping with jobs. And we have not even looked at the tort system that is funneling money to a select few at the expense of us all..

So let's look at RECAP. and how this reform of the corporate tax structure would create more revenue and jobs.

• Reduce the corporate tax rate to 25% so that we are in line with other developed countries.
• Remove all the deductions that current and former politicians have inserted into the code for their corporate buddys.
• Cap the CEO, Officer and upper management total compensation, including stock options, to a multiple of 100* times the average employee compensation of his/her publicly traded company (R.E.C.A.P.) limit.
• Include in the employee compensation all health care cost, the company's portion of qualified 401 K contributions, sick pay, maternity leave pay, vacation pay and social security contributions.
• Any job held by an employee not located in the USA is counted as 5* jobs thus lowering the average compensation of all employees. Get those jobs back over here and you can increase your income Mr/Mrs.CEO.
• Include other incentives that either raise or lower the RECAP limit by doing the right thing like new start up employees count as 1/2 of a job which increases the RECAP.
• Require that union participation be completely voluntary.

*Tweakable


Jobs would be at the forefront for companies to increase upper management compensation instead of bottom line profits which creates job lost by shipping them to the lowest labor rate overseas.
Unions would have less value as the company would look to provide benefits to increase RECAP.
In short

1. Use incentives with corporations for the end result that will benefit the country as a whole rather than the pockets of the greedy. Wall street will survive.
2. Remove the politician from the equation. At the ballot box if that's what it takes.
3. Lessen the strength of the union and also remove the incentive to feed the politician.