Think about a Non-public Sector, Free Market Financial system That Ensures Sufficient Predictable Earnings,,,

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Think about, when you can, a non-public sector oriented, free market economic system which is designed to systematically assure that each American citizen, no matter race, ethnicity, gender, or sexual orientation, has ENOUGH PREDICTABLE INCOME to pay for first rate meals, shelter, clothes, training, fundamental transportation, and sure, well being care. In different phrases, think about, when you can, a free market financial system that is particularly designed to provide…

• No homelessness

• No folks residing in cockroach and rat-infested slums or ghettos

• No single mothers having to decide on between elevating their youngsters and feeding them

• No wage slaves engaged on company plantations for exploitative company dictators

• No previous people consuming pet food to be able to pay for his or her meds

• No systematically induced nervousness and stress as a consequence of monetary instability

• No militarized cops making an attempt to regulate indignant mobs

• No cyclical recessions or depressions, bankruptcies or house foreclosures

• No want to flee inhumane residing situations via booze, medication, and psychological sickness

• No debt created whether or not shopper debt or governmental debt

• People who find themselves really free to meet their particular person potentials, no matter they might be

• And in the long term, no want for social security nets (i.e. Social Safety, Medicare, and Medicaid) as a result of everybody has ENOUGH PREDICTABLE INCOME to pay their payments!

Though this record sounds nearly not possible, take into account these FACTS. On common, the American economic system grows on the fee of $4 Trilli {Dollars} yearly. That interprets into about $12,000 for each man, girl, and baby in America. However usually talking, the beneficiaries of this annual progress are at present restricted to these individuals who can afford to purchase the shares, bonds, actual property, and technological developments that account for this progress.

90% Lack the Alternative

Extra particularly we’re speaking about lower than 10% of Individuals who’ve the means to benefit from this comparatively predictable progress, and 90% who lack the chance to take part. Thus, we now have a twenty first century wealth hole that’s wider and extra poisonous than any time for the reason that inventory market crash of 1929 and the Nice Melancholy which adopted in its wake.

To make issues worse, this was the case lengthy earlier than the present pandemic oriented financial disaster raised its ugly head. In response to tens of millions of staff dropping their incomes and healthcare because of the virus, the Federal authorities has elevated unemployment advantages for a number of months, and issued so referred to as “stimulus checks ($1,200)” to tens of millions of individuals in an effort to artificially jump-start demand and to forestall the ship of state from sinking into oblivion.

Unpalatable However Needed Steps

In taking these unpalatable however obligatory steps the federal government has considerably elevated the already huge debt load, which suggests it is a short-term not a long-term resolution. The hope in fact is to artificially resuscitate demand, which in flip ought to recreate jobs and get we the folks again to work and lead us all again to the place we have been earlier than the virus struck.

The issue is that, even earlier than the virus struck, we the folks weren’t in an excellent place. Even earlier than the virus erupted over half of all Individuals have been residing paycheck to paycheck, unable to afford a $500 bump within the highway with out having to borrow cash to be able to pay for it. Issues are dramatically worse than they have been a number of month in the past earlier than the virus. However the place we have been continues to be not the place to which we the persons are longing to return. So, what can we do?

The $4 Trillion Greenback Thought That Creates No Debt!

In that gentle let’s recall that on common, the American economic system grows on the fee of $4 trillion {dollars} yearly. As soon as once more, that interprets into about $12,000 yearly for each man, girl, and baby in America. However the beneficiaries of this annual progress are those that can afford to purchase shares, bonds actual property, and new know-how. This usually excludes we the folks.

The query I need to elevate right here is, how can we make sure that the common American citizen has systematic entry to the possession aspect of the economic system, the place many of the wealth is being generated? How can the common Joe acquire entry to that $4 trillion dollars-worth of predictable progress to be able to generate a second stream of funding earnings, whereas eliminating the concern and instability that so many Individuals endure from in as we speak’s extremely imbalanced economic system?

Paying “We the Individuals” to Pull Collectively…

Take into account this. What if the Federal Reserve, via native banks issued $12,000 of INSURED CAPITAL CREDIT to each American citizen yearly, together with a stipulation that these funds may solely be used to buy shares of recent and transferred capital belongings that have been predicted to generate sufficient future earnings to pay for the acquisition of those belongings and to create a predictable, stabilizing, residual earnings for its homeowners?

This technique, often known as Capital Homesteading, would value American taxpayers NOTHING. It creates no authorities debt! And no shopper debt! And, fairly than authorities debt-backed forex, the acquisition can be backed (collateralized) by actual, productive, private-sector belongings

And it will not be inflationary. All cash created would immediately be backed (collateralized) by the complete worth of personal sector belongings that residents would obtain insured loans to be able to buy. Residents would really be buying newly issued, full dividend payout, voting shares of corporations that want new capital belongings to be able to develop.

What this might do nonetheless, is give each American citizen equal entry to the possession aspect of the American economic system, the place most of our nations’ wealth is being generated. In the long term it should assist democratize the free market.

On this second of political division and strife Capital Homesteading actually pays all Individuals to tug collectively, on the identical time, in the identical path, in direction of the identical objectives! It interprets mere political discuss (equivalent to… we’re all on this collectively) into actual dwell, outcomes pushed motion!

It Systematically Counteracts Concentrated Wealth!

Over time, every American citizen will accumulate extra fairness, extra residual earnings, and profit from their funding earnings in a manner that solely the rich can as we speak. Because the consequence, the necessity for federally backed social security internet applications (i.e. social safety, Medicare, Medicaid, meals stamps) will regularly fade into the sundown. Extra folks will be capable to pay taxes, which in flip decreases the load on these amongst us who nonetheless pay taxes. It systematically counteracts and impedes concentrated wealth because it regularly democratizes America’s free-market economic system!

Immediately’s Disaster Would not Be a Disaster

If Barack Obama, George W. Bush, or Invoice Clinton had carried out Capital Homesteading throughout their respective administrations, as we speak’s COVOD 19/Unemployment disaster wouldn’t be a disaster. We the folks may afford keep at house and nonetheless have adequate earnings to climate a a lot much less extreme storm. Trump has had the identical alternative for 3 years now, however he is proven little interest in really making America nice once more. Joe B? How about you?

Capital Homesteading In Element

I confess, this commentary has been a generalized portrait in dire want of extra element. So, for a full and detailed rationalization of how this technique could possibly be carried out, go to CESJ.ORG and take a look at the idea that Dr. Norman Kurland calls the CAPITAL HOMESTEADING ACT. It is an ingenious thought whose time is lengthy overdue. And it is one excellent factor that would really come to fruition as the results of this horrific COVID 19 disaster.

Addendum…

UBI vs. Capital Homesteading Comparability

Stimulus checks are successfully a short-term type of Common Primary Earnings (UBI), an thought which has been advocated by amongst others, former presidential hopeful and serial entrepreneur Andrew Yang, in addition to Mark Zuckerberg of Fb, and Elon Musk of Tesla. Though the steered annual amount of cash issued ($12,000 yearly) is identical as Capital Homesteading, that is the place the similarity ends. Take a look at the variations.

1. Because it points insured capital credit score loans which might be paid again through pre-tax future earnings, and may solely be used to purchase wealth producing capital belongings, Capital Homesteading creates NO GOVERNMENT DEBT and NO COMSUMER DEBT! UBI and stimulus checks create authorities debt that may ultimately be paid again by we the folks (not the 1% who’re spectacular at avoiding taxes) within the type of increased taxes.

2. Capital Homesteading systematically creates common capital possession alternative and entry to the technique of buying wealth producing capital belongings. UBI doesn’t.

3. Capital Homesteading systematically funds predictable and sustainable progress of the economic system. UBI doesn’t.

4. Capital Homesteading systematically permits particular person residents to change into economically empowered and liberated via capital possession. UBI doesn’t.

5. Capital Homesteading systematically permits residents to change into economically impartial of the federal government. UBI doesn’t.

6. Capital Homesteading systematically generates mass buying energy via ever-broadening citizen possession of earnings producing capital. UBI doesn’t.

7. Capital Homesteading systematically creates new homeowners of superior applied sciences and inexperienced progress belongings UBI doesn’t.

8. Capital Homesteading systematically creates a rising tax base to pay the prices of presidency, thereby eliminating deficit spending and ultimately paying off the at present huge authorities debt. UBI doesn’t.

9. UBI/Stimulus checks are easy and fast. That is their power.

10. Capital Homesteading requires a while (normally a variety of years) to ensure that advantages to build up. That is why UBI ought to begin instantly and be phased out over time in favor of Capital Homesteading.

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Source by Rick Osbourne