Stakeholder Society Act

 

S 83 X

 

Section I:  Purpose

 

In an effort to promote economic equality and to assist all future generations of United States citizens in their quest to live happy and productive lives, the United States government hereby enacts the Stakeholder Society Act.

 

Section II:  Policy

 

When a citizen of the United States attains the age of 18, the United States government shall give the citizen eighty thousand U.S. dollars ($ 80,000).  No conditions are imposed on how the citizen will expend this money.

 

Section III:  Index

 

In order to treat future generations fairly, the 80,000 dollar figure in Section II of this Act shall be tied to the Consumer Price Index maintained by the Bureau of Labor Statistics in the United States Department of Labor.  On January 1st of each year the previous year’s stakeholder dollar value shall be adjusted up.  This shall occur by multiplying the previous year’s stakeholder dollar value by the average of the CPI for the previous 12 months.  In no case, however, shall the stakeholder dollar value be decreased from the previous year’s stakeholder value.

 

Section IV:  Funding

 

The money necessary to implement this Act shall be raised by placing a 2 percent tax on all property held by residents of the United States.

 

            a.)  During the 2006 tax year, the first $ 500,000 of an individual’s property shall be      except from the tax.  This exception from the tax shall grow by $ 20,000 during all            subsequent years.

            b.)  Property shall consist of all non-cash items of wealth possessed by individuals.

            c.)  If at any time the stakeholder payments outstrip the funds available from the 2          percent wealth tax, the United States government shall be obligated to pay the stakeholder dues out of its general revenues.

 

Section V:  Effective Dates

 

In order to begin raising the funds necessary to implement the provisions of this Act, Section IV shall become effective on January 1, 2006.  All other Sections shall become effective on January 1, 2007.