Businesses today may be demonized for making high profits, but they're also detracted against because wayward companies have acted recklessly, destroying our environment, suppressing innovation and corrupting government. But private businesses, large and small, employ the majority of Americans and build the things that make our advanced way of life possible. And there are obstacles to doing business today that can be removed to improve our economy without sacrificing protections against poor business practices.
Although we in no way seek to diminish the strength of the social safety net, small businesses today are burdened by expenses that should be paid by other functions of society. For example, let's say a small business wanted to hire a worker for $50,000 per year. On top of that worker's salary, the company has to pay payroll tax, workers compensation insurance, unemployment insurance and healthcare costs on top of any federal and state corporate income taxes. That might mean an employee earning $50,000 per year might cost that company $75,000 - or even more.
A society as advanced as ours shouldn't be expecting companies themselves to foot the bill for these services. Not only because they can be better provided as a function of society, but also so they can be provided uniformly, as one worker in one company shouldn't enjoy far superior healthcare to another worker in another company simply because of the purchasing choices of their employer.
But at the same time, we also think it's unfair that companies pay the same tax rates regardless of how they treat their employees and impact society as a whole. It's simply unreasonable that we'd expect a company that makes replacement limbs for amputees to pay the same tax rate as a company that sells intoxicants or outsources jobs overseas. Nor is it right that a company with jetsetting executives and underpaid workers pays the same tax rate as a company that extends ample vacation, maternity leave and highly competitive salaries to all employees.
We aim to change this because if you're a company that invests in America, the Alliance Party will work to ensure that America invests in you.
We seek to accomplish this goal over several areas:
The first is to implement a Corporate Classification system, which sets objective standards businesses can strive to reach to see their taxes dramatically lowered - as well as the taxes paid by their investors. This is also the method we propose to hold wayward companies and their executives accountable to the law, ensuring that businesses who play by the rules aren't cheated by those who don't.
Not all companies have the same social impact. We aim to incentivize companies who invest in social progress by lowering their costs of doing businesses, while holding companies who break the law accountable.
The second is the Alliance Party's investment in a single-payer healthcare framework that sees all Americans automatically covered, and a dedicated federal service for unemployment benefits. This removes the massive costs companies have to pay to keep their workers healthy, freeing up more money to hire more workers and invest in better products.
The United States is the only country in the developed world without a national healthcare program, and as a result our healthcare costs are twice those of other western nations. We aim to change that.
Third, we strive to ensure regulation serves its function without standing as an unnecessary burden. It's a false choice to think we must pick either unrestricted business at the cost of polluted water or a regulatory state that stifles business with endless red tape. The Alliance Party believes that being pro-business is pro-American, but also that businesses must be made to legitimately play by the rules. Of these rules, we believe that they must be clear and direct so that our economy is not only transparently regulated, but also so businesses aren't burdened with expensive legal bills just to know how to follow the law.
Regulating the functions of our advanced society is critically important. But regulatory complexity can’t be an obstacle to honest business. We aim to standardize regulation to make it as straightforward as possible.
Fourth, we seek to create a National Corporate Prize in the spirit of the Nobel prize to reward companies for their innovation, treatment of workers and overall social impact. This prize would be a $5 million sum given to top companies by size, with each winner - and all its workers - paying zero income tax for a calendar year of their choosing. If you're an exemplary company, we believe you and your workforce should be rewarded for your social contributions.
As the lifeblood of our capitalist economy, ingenuity must be recognized and rewarded. We intend to award national prizes to outstanding companies and individuals that make our society a better place to live.
Lastly, we intend to make a massive investment in Universal Energy to dramatically lower the costs of energy and resources throughout our society, and in turn, the costs of manufacturing, constructing and doing business of any kind.
As humanity’s population rapidly expands, resource scarcity and environmental collapse threaten our long-term survival. Universal Energy solves this problem by taking a revolutionary approach to how we generate energy and acquire resources.