September 28, 2021

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The $4 Trillion Greenback Concept That Creates No Debt and Pays All Individuals to Pull Collectively!

On common the American economic system grows on the price of $4 trillion {dollars} yearly. That interprets into about $12,000 for each man, lady, and baby in America. However typically talking, the beneficiaries of this annual development are restricted to individuals who can afford to purchase the shares, bonds, actual property, and technological developments that account for this development.

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 development, 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 because the 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 hundreds of thousands of employees dropping their jobs and healthcare as a result of virus, the Federal authorities elevated unemployment advantages for a number of months and issued so-called “stimulus checks ($1,200)” to hundreds of thousands of individuals in an effort to artificially jump-start demand and to forestall the ship of state from sinking into oblivion.

Unpalatable However Crucial Steps

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

The issue is that, even earlier than the virus struck, we the individuals weren’t in an excellent place. Even earlier than the virus erupted over half of all Individuals had been residing paycheck to paycheck, unable to afford a $500 bump within the highway with out having to borrow cash with a purpose to pay for it. Issues are dramatically worse than they had been a number of months in the past earlier than the virus. However the place we had 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 Concept That Creates No Debt!

In that gentle let’s recall that on common, the American economic system grows on the price of $4 trillion {dollars} yearly. As soon as once more, that interprets into about $12,000 yearly for each man, lady, and baby in America. However the beneficiaries of this annual development are those that can afford to purchase shares, bonds actual property, and new expertise. This typically excludes “we the individuals.”

The query I wish to increase right here is, how can we give the typical American citizen systematic entry to the possession facet of the economic system? How can the typical Joe acquire entry to that $4 trillion dollars-worth of predictable development with a purpose to generate a second stream of funding revenue, whereas eliminating the worry and instability that so many Individuals undergo from in right now’s extremely imbalanced economic system?

Paying “We the Individuals” to Pull Collectively…
Contemplate 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 latest and transferred capital belongings that had been predicted to generate sufficient future earnings to pay for these belongings? It might value American taxpayers NOTHING. It creates no authorities debt! And no shopper debt! And, reasonably than authorities debt-backed foreign money, our cash could be backed by actual, productive, private-sector belongings

And it will not be inflationary. All cash created would immediately be backed by the total worth of personal sector belongings that residents would obtain insured loans with a purpose to buy. Residents would truly be buying newly issued, full dividend payout, voting shares of firms that want new capital belongings with a purpose to develop.

What this is able to do nevertheless, is give each American citizen equal entry to the possession facet of the American economic system. It can assist democratize the free market. On this second of political division and strife it actually pays all Individuals to drag collectively, on the similar time, in the identical route, in direction of the identical objectives! It interprets mere political discuss (resembling… we’re all on this collectively) into actual dwell, results-driven motion!

It Systematically Counteracts Concentrated Wealth!

Over time, every American citizen will accumulate increasingly more fairness (as a substitute of debt) and profit from his or her funding revenue in a means that solely the rich can right now. Consequently, the necessity for federally backed social security web packages (i.e. social safety, Medicare, Medicaid, meals stamps) will regularly fade away. Extra individuals will be capable to pay taxes, which in flip decreases the load on these amongst us who truly nonetheless pay taxes. It systematically counteracts/impedes concentrated wealth and it democratizes America’s free-market economic system!

At this time’s Disaster Would not Be a Disaster

If the Obama administration had carried out Capital Homesteading within the wake of the 2008 meltdown right now’s COVOD 19/Unemployment disaster wouldn’t be a disaster. We the individuals may afford to remain at house and nonetheless have adequate revenue to climate a a lot much less extreme storm. Trump has the identical alternative right now. Let’s examine if he actually desires to make America nice once more.

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 concept whose time is lengthy overdue. And it is one excellent factor that would truly come to fruition as the results of this horrific COVID 19 disaster.


UBI vs. Capital Homesteading Comparability

Stimulus checks are successfully a short-term type of Common Primary Revenue (UBI), an concept 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 prompt annual sum of money 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 are paid again by way of pre-tax future earnings, and may solely be used to purchase wealth-producing capital belongings, Capital Homesteading creates NO GOVERNMENT DEBT and NO CONSUMER DEBT! UBI and stimulus checks create authorities debt that may ultimately be paid again by we the individuals (not the 1% who’re spectacular at avoiding taxes) within the type of larger taxes.

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

3. Capital Homesteading systematically funds predictable and sustainable development 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 income-producing capital. UBI doesn’t.

7. Capital Homesteading systematically creates new homeowners of superior applied sciences and inexperienced development 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 large authorities debt. UBI doesn’t.

9. UBI/Stimulus checks are easy and speedy. 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.

Source by Rick Osbourne