1. PLEF Financing the American World Service Corps Reducing the chances and overwhelming costs of too often reverting to war as a public policy.

2. PLEF House Committee on Financial Services 11-2006 2 Foreign Holdings up faster than Debt since 2001 –Foreign ownership up 42% ++

3. PLEF AWSC Congressional Proposals list five major funding mechanisms 1)Tax Revenues. 2)Miniscule import levee on developed nations with which we run a significant trade deficit 3)Public incentive driven contributions from America’s non or low-tax paying corporations. 4)Public incentive driven contributions from America’s richest. 5)Foundation donations.

4. PLEF Bernanke: Fed faces global challeges SF Chron 3-3-07 The huge flow of cash in and out of the United States, with foreign investors holding one-quarter of long-term, fixed income securities and more than half of publicaly held U.S. Treasury debt, has drastically changed the financial landscape in recent years. In 2006 “foreigners acquired $1.6 trillion in US assets, while U.S. investors purchased more than $1 trillion in foreign assets.”

5. PLEF With visionary leadership fielding the AWSC could pay for itself With enough public knowledge and inspiring leadership, the AWSC could be funded largely by non-tax based revenue streams. By implementing the AWSC we could reduce the $600,000 (includes hidden costs) we annually now spend on each of our 1.5 million military personnel.

6. PLEF One of five funding mechanisms in the AWSC Congressional Proposals calls for levying a minuscule import duty on those developed nations with which we carry the largest significant trade deficit. Why? Some reasons for a minuscule import levee reflect themselves in the following slides.

7. PLEF Top Trade imbalances

8. PLEF8 China’s debt ownership 2001 - 2006

9. PLEF Joint Economic Committee Economnic Policy Brief 11-2006 9 OPEC’s US Debt ownership 2xed in 2 years

10. PLEF Debt ownership => Equity ownership Those holding significant amounts of our debt often turn those debt securities to equity ownership of American companies, large and small. Nations who save money by remaining at peace are smart for buying equity. To get back to peaceful saving and rebuilding our middle class, we need the AWSC and a minuscule levee will help it.

11. PLEF Another funding mechanism comes from listing at a public web site donations from America’s Richest to underwrite the AWSC’s costs. Gates,Buffet, and others have stepped up during these dangerous times to use their wealth to make the world safer for their children and grandchildren. More can and should be done. Please read the funding section of the proposed legislation to understand all funding mechanisms.

12. PLEF www.forbes.com/2004/09/23/cz_d w_0923philan_rl04.html Forbes Richest 400 2006 Donated Wealth Net Worth Philanthropy- Adjusted % Wealth Given Away Bill Gates $28,291,699,101 $48,000,000,000 $76,291,699,101 37% Warren Buffett $321,189,039 $41,000,000,000 $41,321,189,039 1% Paul Allen $ 798,183,920 $20,000,000,000 $20,798,183,920 4% Michael Dell $ 1,255,224,204 $14,200,000,000 $15,455,224,204 8% Donated to underwrite AWSC? A lot?

13. PLEF Forbes 2004 http://www.forbes.com/2004/09/23 /cz_dw_0923philan_rl04.html 13 How much might the top four of the Forbes Richest 400 donate to underwrite AWSC? Most of Forbes Richest donate very little to charity… The Turner, Gates, and Buffet standards gives the ultra rich an opportunity to use wealth to dramatically improve the world for their children by funding the AWSC that will involve millions of Americans if improving the world.

14. PLEF America’s richest also care How much might the Forbes Richest 400 donate to underwrite AWSC? Perhaps a lot. What %age of their wealth do they now give to charity? –Presently most give a very small percentage. –http://www.forbes.com/2004/09/23/cz_dw_0923philan _rl04.htmlhttp://www.forbes.com/2004/09/23/cz_dw_0923philan _rl04.html

15. PLEF How much might the richest Americans donate to underwrite AWSC? The AWSC Congressional Proposals lists the richest Americans at a AWSC publicly accessible web site. When the AWSC passes Congress, families and friends of volunteering Americans will see at the web site how much the richest Americans are investing in making the world safer by helping underwrite the cost of sending our best to build peace and stability.

16. PLEF www.forbes.com/2004/09/23/cz_d w_0923philan_rl04.html Forbes Starting Four

17. PLEF Forbes 5 th - 8 th … bar ely begun Donated Wealth % Wealth Net Worth To Charity

18. PLEF Forbes Richest 2006 9 th –12th Sumner RedstoneSumner Redstone Wealth $8,178,367,127 Donated $ 78,367,127 1% Net Worth $8,100,000,000 Phil Knight Phil Knight Wealth $ 7,400,000,000 Donated $64,771,782 1% Net Worth $7,464,771,782 George SorosGeorge Soros Wealth $12,637,283,942 Donated $5,437,283,942 43% Net Worth $7,200,000,000 Eli BroadEli Broad Wealth $7,613,074,469 Donated $1,613,074,469 21% Net Worth $6,000,000,000 Michael Bloomberg

19. PLEF Forbest Richest 2006, 13 th -16th Donated Wealth Net Worth % Wealth Given Away Michael Bloomberg $132,045,031$4,900,000,000$5,032,045,0313% David Geffen $182,921,433$4,400,000,000$4,582,921,4334% Gordon Moore $6,760,929,624$3,800,000,000$10,560,929,62464% Steven Spielberg $96,970,456$2,600,000,000$2,696,970,4564%

20. PLEF Financing section of AWSC Proposal Charitable Trusts, Philanthropic Foundations Trusts and foundations may find the American World Service Corps meshes well with their goals of improving world and nation and reflect that in grants and donations. If the Gates Foundation wants to eradicate AIDS, a robust army of American volunteers could help make that happen.

21. PLEF Financing section of AWSC Proposal Donations by the richest 1% of taxpayers. From the AWSC Congressional Proposals: “Consequently, a public web site linked to the AWSC web site will list the The Forbes Richest 400 Americans, who have benefited most from our nation’s human and physical infrastructure… Each month the web site will list donations that America’s richest have made to implementing the AWSC and reducing its cost to America’s taxpayers. Congress should seriously consider not having the donations counted as tax deductible.”

22. PLEF Public knowledge of corporations paying little of no tax Many large corporations pay little or no taxes. The AWSC web site will list those corporations with the hope that public knowledge of this will influence many of these corporations to make non-deductible donations to underwriting the service our best resources will be giving to make the world safer for their businesses.

23. PLEF Corporate tax %age of GDP 1942 - 2003 Over the past 60 years corporate income taxes averaged: 5.6 percent of the GDP during World War II, 4.5 percent in the Truman and Eisenhower administrations, 3.7 percent under Kennedy and Johnson, 2.7 percent under Nixon and Ford, 2.4 percent under Carter, 1.6 percent in the Reagan and Bush I administrations, and 2.1 percent under Clinton.

24. PLEF From Financing section of AWSC Proposal C) Donations by certain low tax paying corporations. (from the AWSC proposals) …”Those corporations who have paid none, little, or received federal tax paybacks (negative taxes) for the past five years would be listed. This section of the AWSC web site would strongly urge these light or none paying corporations to contribute to underwriting the cost of … For those who paid little, none, or negative taxes, Congress should not allow the donations to be tax deductible…

25. PLEF America’s lost prestige and economy Astonishing percentages of people around the world no longer respect America. Our military as well as our economy and middle class is breaking. The AWSC helps rebuild our prestige,our economic competitiveness, and our military while teaching us to understand and productively work with the world and in its global commerce.

26. PLEF Our Fiscal Imbalance alone should inspire us to erase the lack of world understanding that leads to stupid wars that debilitate our middle class and give us wounded warriors for generations.

27. PLEF GOVERNMENT ACCOUNTABILITY OFFICE REPORT “The U.S. government’s total reported liabilities, net social insurance commitments and other fiscal exposures continue to grow and now total more than $46 trillion, representing close to four times current GDP and up from about $20 trillion or two times GDP in 2000.” http://www.fms.treas.gov/fr/05frusg/05frusg.pdf http://www.fms.treas.gov/fr/05frusg/05frusg.pdf

28. PLEF GOVERNMENT ACCOUNTABILITY OFFICE REPORT p12. 28 $49,403,000,000,000 Total US liabilities The net present value for all of the responsibilities (for current participants over a 75-year period) is $49,403 billion, including Medicare and Social Security payments, pensions and benefits for Federal employees and veterans, and other financial responsibilities. http://www.fms.treas.gov/fr/05frusg/05frus g.pdf http://www.fms.treas.gov/fr/05frusg/05frus g.pdf U.S. Liabilities

29. PLEF Educated World Citizens prefer… Living productively. Raising their children in harmony. Building over bombing and killing. Learning of different cultures and lifestyles without having one forced upon them. Implementing the AWSC gives us the opportunity to peacefully do all of the above while generating a healthy economic and social multiplier throughout the world.