[I] Profit Sharing (Ownership Thinking) and [II] Vouchers for Delivery of Social Services
Significant voluntary profit sharing by business and use of vouchers for the delivery of all public welfare would have a transformative impact on the nation.
Sharing enterprise profits would engage all employees in maximizing profitability, significantly improve organization harmony and productivity, and over time the widespread growth in individual prosperity and wealth would greatly reduce the need for government welfare programs. Sharing something like 10% of current profitability plus 25-50% of the increased profitability
which could come from better operations when all are "giving their best" every day would be beneficial to both owners, employees and the general public. Search "profit sharing success stories" for quite a number of varied and interesting cases.
Government welfare programs, if operated in a voucher manner, would empower those in need to maximize the value of the vouchers received and would operate within the competitive, voluntary market. Both for-profit and non-profit organizations would have to compete for vouchers and the competition among those organizations would be far more efficient than the present government-operated welfare system.
Since 1995 the Woodford Foundation has been providing financial support for these concepts and will continue to do so. The Foundation Trustees believe that these practices would result in a stronger, healthier society and urge all business, religious and civic leaders to consider and implement these fundamental concepts.
Joe and Linda Woodford Dan Woodford Steve and Kristin Woodford John Woodford
Woodford Foundation Trustees
September 3, 2013
Woodford Foundation for Limited Government
Colorado Springs, Colorado
