Profit-Share is a concept, which may appear to be altruistic, but in the long term may be of benefit socially and also to the business environment and success of our free enterprise system. Profit can include, but not be limited to, immediate financial gain in terms of cash, increased asset value, increased ownership value, increased "goodwill,", increased employee satisfaction and performance, etc. Share can include, but not be limited to, philanthropic contributions of cash, in-kind services and employee volunteer time; support for research; support for employee and local community wellness; support for employee and future employee development; investment in and support of business start-ups (some of which might become future affiliates or even competitors). This Issue area looks for Topics which would suggest means to encourage "profit-share."
The amount of funds "parked" by major corporations overseas is very large and continues to grow. These funds are not available to support the economy within the United States, and are not available for increasing employment within the United States. A process needs to be established whereby the companies keeping these funds overseas can be encouraged to bring them back, and a program needs to be put in place so that this parking of funds overseas is less financially rewarding. One immediate approach which has been suggested is to establish a 90 day "holiday," during which time the tax on return funds would be reduced. This could be to tax the funds at approximately 12%; it also might include the option of allowing for a slightly lower tax rate for any portion of the returned funds that are placed for a period of time in an infrastructure bank.
A potential major solution is available to generate employment opportunities for young people. It is to develop jobs across the country via a major investment by government and the private sector in infrastructure renewal and development. This will result in the creation and expansion of small local businesses that will hire people at all levels of education and experience, and which will either provide direct services to the major infrastructure projects, or indirect services to the employees of those projects.