Fiscal: Fiscal Policy Group

[Careydcntr@aol.com]

I recently joined this group after attending a very interesting meeting at
Kent by COG.  My website www.democratic-capitalism.com includes two books,
articles, a bio, and description of the C-Scholars.  Chapter 2 of Book I
contains a description of the worker ownership plan that I designed and
implemented while CEO of ADT.  It is the type pf plan that is universal in
its potential application, avoids the finance complications of ESOPs and
cannot work unless the culture has been changed to democratic capitalism.  It
is failing on this cultural change that causes  the failures of some
ownership plans.

My books are being edited and rewritten but the substance will not change
much.  Many chapters cover tax law opportunities that can encourage worker
ownership.  They fall into several categories:  elimination of double
taxation on dividends and use of large dividends for better wealth
distribution  ( See Article on website: Smith, Marx, Mill and 6% Dividends) ,
 tax free capital gains for worker equity held until retirement, compensated
by larger taxes on short-term speculation, and other taxes such as the Tobin
tax to curtail leveraged speculation.

Best regards,

Ray Carey