The Economic Growth and Equality Optimization Act would be enacted with two goals in mind,
A. Rapidly stimulate sustainable businesses growth and job creation.
B. Encourage profits to be shared more equally between executives, shareholders and employees.
Here are the components,
1. Job Creation: Corporate profits will not be taxed.
2. Equating Shareholder Profits and Employee Wages: Dividends earned from investments will be taxed as normal income.
3. Limiting Executive Pay and Incentivising Higer Wages: Tax brackets will be set at 1X 10X, 100X and 1000X the national average income with respective rates of 20%, 40%, 60%, 80%.
4. Incentivising Reinvestment and Business Growth. Excessive cash holdings in corporate coffers will be subject to a progressive tax.