Purpose:
To ensure fair contribution from ultra-wealthy citizens and secure long-term funding for democratic renewal and public investment.

1. Tax Structure

• Threshold:
  Individuals with net wealth exceeding $1 billion.

• Rates:

  • 2% annually on wealth between $1B and $5B

  • 3% on wealth between $5B and $50B

  • 5% on wealth above $50B

• Valuation:
  Annual market-based assessment of assets, including:

  • Real estate

  • Equities (public and private)

  • Art and alternative assets

  • Cryptocurrencies

  • Trust-held assets (if controlled by taxpayer)

• Avoidance Provisions:

  • Close stepped-up basis on inherited assets

  • Enforce global reporting requirements

  • 50% tax penalty for concealment or misreporting

  • Disallow deferred interest loans backed by untaxed assets

• Revenue Destination:
  80% to CWIA for designated programs;
  20% to deficit reduction.

2. Indexing & Sunset Review

• Thresholds indexed to inflation.

• Mandatory congressional review every 10 years.

Purpose:
To establish a public institution capable of deploying wealth tax revenues and voluntary contributions in alignment with national priorities.

1. Creation and Independence

• CWIA is established as an independent federal agency, reporting to Congress, with its own Inspector General.

• Statutorily independent from direct White House, congressional, or party control.

2. Leadership and Oversight

• Executive Director: Appointed by a bipartisan commission, confirmed by Senate.

• National Civic Council: 15-member board including economists, technologists, civil rights leaders, philanthropists, and public appointees.

3. Mandates

CWIA shall:

• Administer and allocate wealth-derived funds across five priority areas:

  1. Education & Early Childhood

  2. Health Equity

  3. Affordable Housing

  4. Climate Resilience

  5. Civic Infrastructure & Democratic Access

• Operate and update the CWIA Impact Dashboard for public transparency.

• Maintain a Civic Innovation Lab to test and scale new policy technologies.

• Coordinate with state/local agencies and communities.

• Require annual impact assessments and financial audits.

4. Public Participation Provisions

• Public comment period on all major funding decisions.

• Participatory budgeting pilots in 10 states per year.

• Annual National Civic Forum for democratic input.

5. Transparency, Ethics, and Data Standards

• Mandatory open data publishing on all disbursements.

• All contracting over $1M subject to open competitive bidding.

• Establish a Public Ethics & Equity Tribunal to review complaints.

To ensure public understanding and trust:

• A Civic Truth Office shall be created under CWIA to:

  • Dispel misinformation about tax reform and redistribution.

  • Partner with libraries, media, and schools for civic education.

  • Host a national Civic Literacy Curriculum pilot in public high schools.

• CWIA initial operations funded via:

  • Year-one billionaire Civic Wealth Accord contributions.

  • 10% of initial wealth tax collections held in operating reserve.

• Long-term funding indexed to revenue raised through wealth tax + optional philanthropic contributions.