Fiscal: Fiscal Policy Group: Welcome from ListOwner

["Langley, Aidan (UK - London)" <alangley@deloitte.co.uk>]

     Ray
     
     Thank you for this contribution to kick off this discussion group. I 
     am going to read your paper and comment to the group.
     
     Another paper which group members might want to read is one which I 
     presented last month to the Second World Tax Conference in Dublin. 
     This is available at the following address: 
     http://cog.kent.edu/lib/Langley.htm
     
     The fundamental question I want this group to address is: "how can tax 
     policy be used to promote employee share ownership, while remaining 
     fair to those many taxpayers who do not work for share capital 
     enterprises"
     
     I am looking for specific examples of tax policy which governments 
     have implemented, and the extent to which they are perceived to have 
     succeeded or failed.
     
     Welcome to the group and best wishes to you all
     
     


______________________________ Reply Separator
_________________________________
Subject: Fiscal: Fiscal Policy Group
Author:  "Careydcntr@aol.com" <SMTP:Careydcntr@aol.com> at UK
Date:    20/06/2001 16:18


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
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