|
.
Exxon Mobil is the second largest
(second most profitable) U.S.
corporation. Last year, 2007, while over half of the U.S.
population was struggling to find enough money to buy groceries and
gasoline, this company made forty-billion,
six-hundred-and ten-million dollars in profits.
($40,610,000,000) That's the equivalent of collecting about one
hundred and sixty four dollars ($164) from every man, woman and
child in the entire country. In that same year, Exxon Mobil
paid _______ in taxes to the U.S. government and to state and local
governments.
Three
of the five largest (most profitable) U.S. corporations
in 2007 were oil companies. When you add up
the combined profits of Exxon Mobil,
Chevron, ConocoPhillips and the other oil
companies (such as Valero, Marathon Oil, etc) the
numbers in the Exxon Mobil example more than
double. We'll get back to Exxon Mobil in a moment.
Let me shift, briefly, to an analogy
What do the financially wise
people do with a portion of their income? They use
the money as an investment with the intention of
preserving their assets for future use and for the
purpose of making a profit on their investments.
What do the major universities
(such as Harvard or Yale) do when they receive major
donations? Do they spend the money?
NO! They add the money to their endowment
funds.
They invest it and use the profits for the
university.
How do wealthy individual handle
their money? They invest it and live off the
profits of their investments. Why should
governments not do likewise? It's
doable. It's feasible. It would simply take
some time for the shift to be completed.
Here's how to do it.
What if Governments took a meager
three percent of their income and saved it?
What if the government leaders started creating non-profit Foundations
-- Foundations that belonged to and were
controlled by the people -- Foundations that were not
under the control of government bureaucrats? What if
the bureaucrats put a meager three percent of the
tax money into those independently
controlled Foundations? What if the funds were never spent, but rather used
for investment purposes only? What if the
profits from those investments were distributed as a
joint venture between the government agencies who set
them up and the Foundation? Obviously, it would take several years to
completely revamp the entire taxation structure, but the results would transform the world.
See the section
titled: Six Simple Steps
that will Change the World.² Readers are also invited
to see what Social Security
would have been ² if the government bureaucrats had
not stolen the money and destroyed the Social Security
system.
Now getting back to Exxon
Mobile. What if a portion of the money that this company
paid to the various government agencies (we are
suggesting three percent) was put into
Foundations that purchased stock in Exxon Mobil? How long would it take
for these Foundations to create a controlling interest in the nation's second largest
corporation? We can't answer the timing
question, but we can unequivocally say that, the end
result would be inevitable. At some point, controlling interest
would shift out of the hands of
the money lenders and into the control of the
Foundations. At that point, the corporation would no longer be
able to arrogantly take forty-billion
dollars a year out of everybody's pockets while
the average person struggled for survival.
We're talking about the nation's
second most profitable corporation and, in this scenario,
David easily outfoxes Goliath, non-violently with
six simple steps. These six simple steps
can be used by any corporation. They can and will change the
world, unless we kill ourselves first with Global Climate
Change.² Imagine what this will do with smaller
corporations --- with corporations that set up
their own Foundations -- with corporations
where the employees set up asset-protected retirement
trusts that support the corporate revamping
process.
George Bush & Company keep
putting whipped cream on
garbage.² Instead of more of the same and
the same thing harder, it's time for a real
change! It's time to create The New
Corporate World http://www.New-Corporate-World.info²
.
|