As the lifeblood of our capitalist economy, American ingenuity must be recognized and rewarded
In some ways, this comes naturally with the success borne by investing time and effort in an impassioned pursuit. Yet outside of innovators on grand scales, this recognition is limited and rewards are exclusive to personal wealth.
We seek to change this by creating national prizes to promote trailblazers who strive to make our nation and greater world a better place. Similar to the Nobel Prize and Presidential Medal of Freedom in concept, we would issue two types. The Liberty Prize would be annually issued to fifteen individuals over a wide array of social areas, and the National Corporate Prize would be annually issued to five businesses based on their size.
In concept, the Liberty Prize would be annually awarded by the Office of Education and Advancement in our Government 2.0 model for public service. It would be a tax-free sum of $3 million issued to a selected winner in each of the following categories:
- General sciences
- Medicine and wellness
- Industrial fabrication
- Visual arts and photography
- Special achievement (miscellaneous accomplishments of high significance)
All prize winners would receive their awards at a White House ceremony that has enough pomp and circumstance to make it a big event. As an added incentive, they could also gain special access to a list of benefits: a private tour through the Smithsonian’s archives, dinner with the President, a year of immunity to income tax, among other possibilities. It’s easy for government to make a few exceptions to the rules for people worthy of this honor, and it costs little to do so.
At $42 million per year (call it $50 million with the ceremony and additional benefits), this is a drop in the bucket for a federal government that has an annual budget just shy of $4 trillion. But the social implication is huge. Right now, millions of kids grow up thinking their role model for success is an athlete, movie star or rock star, and we’d like to extend that idealism to innovative thinking.
This initiative sends the message that people can succeed if they apply the skills that come most naturally to them for society’s benefit. You might not win a sports championship or a record deal, but if you are good at what you do and apply that to bettering society, you may be rewarded handsomely.
We believe that society should celebritize people who build amazing things, who innovate and make contributions for everyone’s benefit. We get the society we invest in, and the Liberty Prize helps ensure we're investing in the right leaders for the future.
National Corporate Prizes
The Alliance Party is pro-business because business is the driver of our capitalist economy. But not all businesses are created equal, and beyond a corporate classification system to promote positive businesses and reduce their operating costs, we also seek to promote outstanding companies through a National Corporate Prize.
In our model, the National Corporate Prize would be awarded annually to the top Class A businesses in the United States based on criteria including: social outreach and improvement, quality of worker life, commitment to ethics and the environment and a demonstrated track record of standing as a leader in which other American businesses can look up to.
This prize is a sum of $5 million, with half evenly split between the company and its workers. Any company that receives this prize would be able to forego income tax for any one year between date of award and five years in the future, and all employees of the company would be eligible to pay no income tax for the same fiscal year the prize was awarded.
Every Class A corporation would be eligible to receive the prize, which would be awarded to five companies in the following size groups: 100 full-time employees or less, 101-500 employees, 501-1,000 employees, 1,001-10,000 employees and 10,001 or more employees.
The annual issuance of these prizes will cost a degree of public revenue that's a comparative trifle on the national scale, but they help showcase honorable companies and reward them for their commitment to ethics and the well-being of their workers. It gives exemplary companies the spotlight they deserve while presenting a major incentive for companies to strive to set higher bars. And when American business performs better while making our society a better place to live, we all win in the end.