Goal?
We want to solve a problem, the growth of wealth inequality in the United States due to political and economic forces after the death of Franklin D. Roosevelt (32nd U.S. President). Our goal is to reduce wealth inequality that capitalist systems tend to produce. And to bring a larger amount of people out of poverty in the U.S. and around the world. Our biggest goal is to prevent World War 3. As we know when wealth inequality rises to extreme levels, and the middle class has been squeezed out, the rich begin to fight one another for our earth's finite resources, the method being sending impoverished citizens to fight their wars. We believe the world is at a stalemate due to nuclear weapons and countries are fighting over resources on the economic front by means of trade. But as inequality increases, politics becomes more radical as citizens look for a means out of poverty, giving rise to radical politicians with military capabilities. This is increasingly dangerous and we want to prevent this from happening.
How?
We aim to raise the national median income by redistributing donated money to the bottom 50% of income earners in the United States. Using blockchain technology to produce receipts of these cash transfers to each individual's unique cryptocurrency address.
Catch?
We believe the most efficient, scalable and incorruptible way to achieve this goal is via a for profit company. But it is only fair that we establish this company with limits. Because a capitalist entity chases profits over everything. We will instate 2 rules that the business can not break under any circumstance.
Rule number 1:
Fee cap: We cap our platform fee at 10%, stepping down to 5-1% after $100B processed.
Rule number 2:
Giveback: We allocate 90% of our non-fee business income to users each quarter.
Theory
We believe the cause of the great depression, was extreme levels of wealth inequality. During that time around 25% of the United States labor force was unemployed, the stock market lost nearly 90% of its value from its peak, and people blamed the banks and wallstreet. But it was ultimately a credit crisis. Normal people were buying stocks using high levels of margin and buying goods/services/houses using high levels of credit. Our theory is because they had no money. During World War 2 the U.S. and U.K. raised their top individual income tax rate to 91%, to help fund the war. In 1964 (19 years after WW2) President Lyndon B. Johnson dropped the top rate of individual income tax from 91% to 70% and corporate tax rate from 52% to 48%. In 2025 the top individual income tax rate sits at 37% while top corporate tax rate is at 21%. We are not advocating for a raise in taxes but just want to provide context as to why most of the younger generation are not able to achieve the "American Dream" that the boomers got to enjoy shortly after the war.
As wealth inequality rises your wage goes down, the method in which this is done is goods/services and asset price inflation. Let us explain, businesses are not going to grow if there are no consumers. And rich people have a low marginal propensity to consume. An example, if I were to give a billionaire $100k they would not even notice that money. Lets say they do notice, what they would most likely do is buy stocks and other assets. But if I were to give a fast food worker $100k they would most likely pay off any loans, try out expensive foods, go on vacation, buy a new phone or car etc (spend it on consumer products). So as you can see there are 2 different outcomes, when rich people have money asset prices go up, when poor people have money business revenue goes up. When the price of assets goes up while your wage stagnates, it is not that different then your wage just going down, because what matters is the relative price. When revenues go up but asset prices stagnate you keep your purchasing power and businesses earn a modest profit. Henry Ford and Andrew Carnegie (Two Capitalist figures of their time) believed in giving back to workers and that capital shouldn't be hoarded to extreme levels, this is our belief and we hope yours as well.