When you join a Company / University / Institution as a researcher or a developer, one of the first few papers that you sign will be to give away all your rights to the Company / University / Institution on what you may Invent / Discover during the period you work for the Company!
So Brain Power is enslaved to Money Power!
In order to earn a living most do not have a practical choice but to sign this unfavorable Patent paper that favors the Company!
A reasonable Patent share may be a have 30:30:10:10:10:10 i.e.
30% of the income that comes from a Patent goes to the company
30% goes to all the inventors/discoverers involved
10% goes to Federal Government
10% goes to State Government
10% goes to local (Municipal/County) Government
10% goes to charity as decided by the company and inventors(5% each)
- Suresh
Sunday, September 20, 2009
Saturday, September 19, 2009
Capitalism or Socialism
We made a huge cake 30 feet X 20 feet with 50 different color and flavor with the cake.
It was so huge in size for a single family. So we invited our friends and those who saw it was amazed with awe! We ate whatever we can and stored more than what we could eat for 7 days!
Still there was plenty so we encouraged our friends to eat whatever they can, try the different flavors and take what they want! In spite of this there was plenty left. So we called our neighbors and passersby to enjoy the cake. The colors and the aroma of the 50 different types within the huge cake took the guests to unbelievable enjoyment. As there was so much more the guests asked as if they can invite some of their friends! The answer was YES! and so more arrived with their own little treats to share.
As people rejoiced and more people arrived, the hosts thought that there may not be enough for everyone and requested the guests to limit themselves to a 5 pieces a person. Guests who came with their own little and huge treats expected a bigger share of the big cake and arranged to have more in exchange for their treat! After some time it so happened that there was very little cake and more people. So everyone was asked to have take only one piece no matter if they brought any treat themselves or not - A very reasonable way to share the original cake with everyone that was present! Many started to complain and some started to leave the party stating it was not much fun now as it was in the beginning of the party!
-Suresh
It was so huge in size for a single family. So we invited our friends and those who saw it was amazed with awe! We ate whatever we can and stored more than what we could eat for 7 days!
Still there was plenty so we encouraged our friends to eat whatever they can, try the different flavors and take what they want! In spite of this there was plenty left. So we called our neighbors and passersby to enjoy the cake. The colors and the aroma of the 50 different types within the huge cake took the guests to unbelievable enjoyment. As there was so much more the guests asked as if they can invite some of their friends! The answer was YES! and so more arrived with their own little treats to share.
As people rejoiced and more people arrived, the hosts thought that there may not be enough for everyone and requested the guests to limit themselves to a 5 pieces a person. Guests who came with their own little and huge treats expected a bigger share of the big cake and arranged to have more in exchange for their treat! After some time it so happened that there was very little cake and more people. So everyone was asked to have take only one piece no matter if they brought any treat themselves or not - A very reasonable way to share the original cake with everyone that was present! Many started to complain and some started to leave the party stating it was not much fun now as it was in the beginning of the party!
-Suresh
Thursday, September 17, 2009
Be proud to be an American and Standup for America
While I was driving, I saw a car in front with a sticker -
"Be proud to be an American and Standup for America"
I started thinking what America meant - I could only think "Freedom and Opportunity" and I wondered and kept wondering does America mean "Freedom and Opportunity"...
-Suresh
"Be proud to be an American and Standup for America"
I started thinking what America meant - I could only think "Freedom and Opportunity" and I wondered and kept wondering does America mean "Freedom and Opportunity"...
-Suresh
Monday, September 14, 2009
A Dynamic Tax code
A Dynamic Tax code that can prevent the rich-poor divide and is fair for more than 90% of Americans
Tax Code
-------------
The average salary of a country is the sum total of salary earned by all in the country divided by the number of people in the country.
The median salary means 50% of the population earns below that amount and the remaining 50% of the population earns above that amount.
At present (2009) the, say, median salary in America is about $45,000. This means out of the 300 Million people in America, 150 Million have income less than or equal to $45,000 a year (up to $45,000 a year) and the remaining , 150 Million earn more than $45,000 a year.
A good starting point to structure the tax code will be the median salary.
A New Tax Code
------------------
The proposed tax code is dynamic as it is based on the median salary and adjusts the tax bracket automatically based on the median salary of the country.
1. Anyone earning less than or equal to the Median salary need not pay any taxes.
2. Anyone earning more than the Median salary and up to 10 times Median salary can be taxed 10% of what they earn above the median salary.
3. Anyone earning more than 100 times the Median salary can be taxed 10% of what they earn above the median salary and up to 10 times Median salary and can be taxed 90% * of what they earn above 100 times the Median salary. (This two layers of taxes is to prevent anyone who earns more from ending up with a lesser overall income after taxes than anyone that earns lesser . Please see the e.g. for details)
Note: * - The ones that are taxed at 90% can be given a special tax credit. Normally individuals that earn more than 100 times the Median salary (for 2009 in USA is more than $500,000 per year) are movie stars, sports atheletes, CEOs and celebrities. These individuals may not earn this high amount through out their career. So for a person that earned this special tax credit (by paying 90% tax when he/she earned more than '100 times the Median salary' ), when every his /her earning goes below the '100 times the Median salary' range the individual can be paid from the special tax credit (they earned through the 90% tax payment) to bring the earning for the year to the '100 times the Median salary' value ($500,000 for 2009). This is like a insurence as well as saftey net for high earners that did not plan / manage their money. This also prevents inflation. Please see example for clarity and understanding this idea.
E.g.
1. So with the current median salary of $45,000 in America in 2009,
anyone earning less than or equal to $45,000 need not pay any taxes.
So the net income is $45,000
2. Someone than earns $95,000 will pay the following tax.
For $45,000 no tax.
For the remaining $50,000 at 10% ($95,000 - $45,000 = $50,000) = $5,000
So the net income is ($95,000 - $5000) = $90,000
3. Someone than earns $497,000 will pay the following tax.
For $45,000 no tax.
For the remaining $452,000 at 10% ($497,000 - $45,000 = $452,000) = $45,200
So the net income is ($497,000 - $45,200) = $451,800
4. Someone than earns $502,000 will pay the following tax.
For $45,000 no tax.
For $455,000 at 10% (the amount between $500,000 and $45,000 i.e. $500,000 - $45,000 = $455,000) = $45,500
For the remaining $2,000 at 90% (the amount above $500,000 i.e. $502,000 - $500,000 = $2,000) = $1,800 *
(Note: * This $1800 will also go as a Special Tax Credit for the person.)
So the net income is ($502,000 - ($45,500 + $1,800) ) = $454,700
5. Someone than earns $5,000,000 ($5Million a year) will pay the following tax.
For $45,000 no tax.
For $455,000 at 10% (the amount between $500,000 and $45,000 i.e. $500,000 - $45,000 = $455,000) = $45,500
For the remaining $4,500,000 at 90% (the amount above $500,000 i.e. $5,000,000 - $500,000 = $4,500,000) = $4,050,000 *
(Note: * This $4,050,000 will also go as a Special Tax Credit for the person.)
So the net income is ($5,000,000 - ($45,500 + $4,050,000) ) = $904,500
Note on Special Tax Credit:
----------------------------
Next year if the person's income is only $100,000, then from his/her special credit he/she can be paid $400,000 (to the 100 times median salary limit). At that time his/her special credit will become $4,050,000 - $400,000 = $3,650,000.
6. Someone than earns $75,000,000 ($75 Million a year) will pay the following tax.
For $45,000 no tax.
For $455,000 at 10% (the amount between $500,000 and $45,000 i.e. $500,000 - $45,000 = $455,000) = $45,500
For the remaining $74,500,000 at 90% (the amount above $500,000 i.e. $75,000,000 - $500,000 = $74,500,000) = $67,050,000 *
(Note: * This $67,050,000 will also go as a Special Tax Credit for the person.)
So the net income is ($75,000,000 - ($45,500 + $67,050,000) ) = $7,904,500 (~$7.9 Million a year)
Note on Special Tax Credit:
----------------------------
The Special Tax Credit can add over the years based on what is paid every year at the 90% rate as tax. Say 5 years from now the person's 'Special Tax Credit' has grown to $90 Million due to his/her 90% tax payment over the 5 year period. The next year if the person's income is only $100,000, then from his/her special credit he/she can be paid $400,000 (to the 100 times median salary limit). At that time his/her special credit will become $90 Million - $400,000 = $89,600,000 )
Note:
------
This can be the basic tax structure. Any incentive and tax breaks should be separately applied and obtained back later from the government
Distribution of Tax among various levels of Government
The tax revenue can be distributed among the various governments as follows:
1. 30% of Tax revenue to Federal Government
2. 30% of the Tax revenue to State Government depending on the population
3. 30% of the Tax revenue to Local Government (Municipal, County) depending on the population
4. Remaining 10% in Reserves for emergency funds and paying off debts.
Note: Someone may wonder what happens if everyone earns the same salary and if this tax code will work! Practically it is not going to happen - everyone with same salary will not happen; if that happens then a modification to this tax code is needed (Note: Every law needs to be examined every few years, say every 25 years, to make sure if the laws is valid for that current situation and environment!)
-Suresh
Tax Code
-------------
The average salary of a country is the sum total of salary earned by all in the country divided by the number of people in the country.
The median salary means 50% of the population earns below that amount and the remaining 50% of the population earns above that amount.
At present (2009) the, say, median salary in America is about $45,000. This means out of the 300 Million people in America, 150 Million have income less than or equal to $45,000 a year (up to $45,000 a year) and the remaining , 150 Million earn more than $45,000 a year.
A good starting point to structure the tax code will be the median salary.
A New Tax Code
------------------
The proposed tax code is dynamic as it is based on the median salary and adjusts the tax bracket automatically based on the median salary of the country.
1. Anyone earning less than or equal to the Median salary need not pay any taxes.
2. Anyone earning more than the Median salary and up to 10 times Median salary can be taxed 10% of what they earn above the median salary.
3. Anyone earning more than 100 times the Median salary can be taxed 10% of what they earn above the median salary and up to 10 times Median salary and can be taxed 90% * of what they earn above 100 times the Median salary. (This two layers of taxes is to prevent anyone who earns more from ending up with a lesser overall income after taxes than anyone that earns lesser . Please see the e.g. for details)
Note: * - The ones that are taxed at 90% can be given a special tax credit. Normally individuals that earn more than 100 times the Median salary (for 2009 in USA is more than $500,000 per year) are movie stars, sports atheletes, CEOs and celebrities. These individuals may not earn this high amount through out their career. So for a person that earned this special tax credit (by paying 90% tax when he/she earned more than '100 times the Median salary' ), when every his /her earning goes below the '100 times the Median salary' range the individual can be paid from the special tax credit (they earned through the 90% tax payment) to bring the earning for the year to the '100 times the Median salary' value ($500,000 for 2009). This is like a insurence as well as saftey net for high earners that did not plan / manage their money. This also prevents inflation. Please see example for clarity and understanding this idea.
E.g.
1. So with the current median salary of $45,000 in America in 2009,
anyone earning less than or equal to $45,000 need not pay any taxes.
So the net income is $45,000
2. Someone than earns $95,000 will pay the following tax.
For $45,000 no tax.
For the remaining $50,000 at 10% ($95,000 - $45,000 = $50,000) = $5,000
So the net income is ($95,000 - $5000) = $90,000
3. Someone than earns $497,000 will pay the following tax.
For $45,000 no tax.
For the remaining $452,000 at 10% ($497,000 - $45,000 = $452,000) = $45,200
So the net income is ($497,000 - $45,200) = $451,800
4. Someone than earns $502,000 will pay the following tax.
For $45,000 no tax.
For $455,000 at 10% (the amount between $500,000 and $45,000 i.e. $500,000 - $45,000 = $455,000) = $45,500
For the remaining $2,000 at 90% (the amount above $500,000 i.e. $502,000 - $500,000 = $2,000) = $1,800 *
(Note: * This $1800 will also go as a Special Tax Credit for the person.)
So the net income is ($502,000 - ($45,500 + $1,800) ) = $454,700
5. Someone than earns $5,000,000 ($5Million a year) will pay the following tax.
For $45,000 no tax.
For $455,000 at 10% (the amount between $500,000 and $45,000 i.e. $500,000 - $45,000 = $455,000) = $45,500
For the remaining $4,500,000 at 90% (the amount above $500,000 i.e. $5,000,000 - $500,000 = $4,500,000) = $4,050,000 *
(Note: * This $4,050,000 will also go as a Special Tax Credit for the person.)
So the net income is ($5,000,000 - ($45,500 + $4,050,000) ) = $904,500
Note on Special Tax Credit:
----------------------------
Next year if the person's income is only $100,000, then from his/her special credit he/she can be paid $400,000 (to the 100 times median salary limit). At that time his/her special credit will become $4,050,000 - $400,000 = $3,650,000.
6. Someone than earns $75,000,000 ($75 Million a year) will pay the following tax.
For $45,000 no tax.
For $455,000 at 10% (the amount between $500,000 and $45,000 i.e. $500,000 - $45,000 = $455,000) = $45,500
For the remaining $74,500,000 at 90% (the amount above $500,000 i.e. $75,000,000 - $500,000 = $74,500,000) = $67,050,000 *
(Note: * This $67,050,000 will also go as a Special Tax Credit for the person.)
So the net income is ($75,000,000 - ($45,500 + $67,050,000) ) = $7,904,500 (~$7.9 Million a year)
Note on Special Tax Credit:
----------------------------
The Special Tax Credit can add over the years based on what is paid every year at the 90% rate as tax. Say 5 years from now the person's 'Special Tax Credit' has grown to $90 Million due to his/her 90% tax payment over the 5 year period. The next year if the person's income is only $100,000, then from his/her special credit he/she can be paid $400,000 (to the 100 times median salary limit). At that time his/her special credit will become $90 Million - $400,000 = $89,600,000 )
Note:
------
This can be the basic tax structure. Any incentive and tax breaks should be separately applied and obtained back later from the government
Distribution of Tax among various levels of Government
The tax revenue can be distributed among the various governments as follows:
1. 30% of Tax revenue to Federal Government
2. 30% of the Tax revenue to State Government depending on the population
3. 30% of the Tax revenue to Local Government (Municipal, County) depending on the population
4. Remaining 10% in Reserves for emergency funds and paying off debts.
Note: Someone may wonder what happens if everyone earns the same salary and if this tax code will work! Practically it is not going to happen - everyone with same salary will not happen; if that happens then a modification to this tax code is needed (Note: Every law needs to be examined every few years, say every 25 years, to make sure if the laws is valid for that current situation and environment!)
-Suresh
Monday, September 7, 2009
Solar Towers Farm
All solar farms so far constructed have Solar panels lined on the ground and occupy vast area of land! Why isn't the vertical dimension chosen for solar farm construction?
Here is my idea (Patentable!) to built Solar Towers Farm (Real Estate Solar Towers Farm) - Idea dated 16-Aug-2009, updated to this blog on 07-Sep-2009
-Suresh Marimuthu
-Suresh
Here is my idea (Patentable!) to built Solar Towers Farm (Real Estate Solar Towers Farm) - Idea dated 16-Aug-2009, updated to this blog on 07-Sep-2009
-Suresh Marimuthu
-Suresh
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