There was a recent X Prize winner for oil spill cleanup innovation. The new idea was created cheaply and will reap great rewards. The US needs an entirely new Non-Governmental investment bank that operates like a nonprofit to look for the Next Big Idea! The bank would be entirely funded from the Top 50 corporations by sticking to a Maximum Personal Income (PMI) of $7 million a year. Is there Anyone that can argue that that is not enough for Anyone to be considered "Rich"?
Anyway, the projects that get the most funding will be decided in the most democratic way possible. ANYONE (like Yours truly here) could submit ideas. There can be weekly rounds of voting to narrow it down & to a set amount the XBank is willing to fund that year. The committees will consist of bank contributors and a rotating committe of scientists economists or whatever expert is needed. Other spots will be picked by random citizen drawing or by contributing to the banks funds.
The most important thing for the bank though will be education. Free colleges and scholarships will be a big selling point. How great will your business be when you can fund Exactly the right employees who already know Your Software and Your organizations. Franchises like KFC might want to fund KFC management courses with an XBank college with all the newest equipment from American manufactures.
All of this effort is to change the 1% to the 5% in 5 years. Participation from the top companies is not mandatory but could become a source of pride and patriotism and a smart investment in an America that has been kindest to them over anyone else.
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