Untaxing Part V: The Customer Should Receive Ownership
The virus of poverty is dead in the face of the universal vaccine called pure capitalism.
The Limited Liability Public Company (LLPC) is designed from scratch to give an average of $9.66 of equity to the customer for each $1 spent by the customer for the LLPC’s product or service.
The obvious question must be asked.
Exactly what causes the revenue for the public company, so that it can be taxed?
On the surface this seems to be a naive question. But many do not know the equally obvious answer. Consumers provide the revenue for the public company.
So why, if the consumers provide the revenue for the 19,893 public companies in the US and the 73,349 public companies across the globe, are 3.2 billion consumers left out of the public company ownership?
And why is the equity value in the public companies concentrated in the hands of a few old money people and, now, a new crop of super-powerful accredited bureaucrats?
Katchings’ Second Law of Capitalism ties the public company to the GDP of a country by law. All countries with public companies practice capitalism to the extent that the maximization of shareholder value is influenced by government tax policy and by the entrepreneur’s election of the best corporate structure (to maximize shareholder value).
If the maximization of shareholder value is the goal of the public company, and if the customers are the ones who provide the revenues for the public company, (after all, no customers equals no revenue), then the ONLY thing left for the enlightened entrepreneurs to do is to tie the customers to the ownership structure of the public company from its inception in a quid pro quo and symbiotic relationship.
So how do the entrepreneurs become clued in to the maximized corporate structure? First we look at what doesn’t work (chapter 19). Then we look at the capitalistic solution in chapters 20 and 21 where equity and a new ownership structure bring a new form of value to customers. Giving customers what they want is how the success of entrepreneurs is measured.