Our leaders need to put on the table for national discussion this SUPER-IRA idea and the necessary reform of our tax policies that would incentivize corporations to pay out fully their earnings in the form of dividend income, and issue and sell new stock to grow their businesses. Under the proposed Capital Homestead Act, an equal allocation of productive credit would be processed for every citizen, based on the aggregate value of the projected need for new capital formation projects, exclusively for purchasing full-dividend payout shares in companies needing funds for growing the economy and private sector jobs for local, national and global markets.
The shares would be purchased on credit wholly backed by projected "future savings" in the form of new productive capital assets with future marketable products and services produced by the newly added technology, renewable energy systems, plant, rentable space and infrastructure added to the economy.
Risk of default on each stock acquisition loan would be covered by private sector capital credit risk insurance and reinsurance (ala the Federal Housing Administration concept), but would not require citizens to reduce their funds for consumption to purchase shares.
Essentially, the pressing need is for everyone in a position of influence to encourage President Obama and our next President to raise the consciousness of the American people by making their NUMBER ONE focus the introduction of a National Right To Capital Ownership Bill that restores the American dream of property OWNERSHIP as a primary source of personal wealth.
These proposals are the solutions to America's economic decline in wealth and income inequality, which will result in double-digit economic growth and simultaneously broaden private, individual OWNERSHIP so that EVERY American's income significantly grows simultaneously with the growth of the economy, providing the means to support themselves and their families with an affluent lifestyle , and to ensure that their children and grandchildren will benefit even more.
To fully understand the proposed solutions requires a commitment to read and carefully consider the scope of the foundational agendas for reforming the system. The solutions' core is a conscious and dedicated growth policy that broadens individual personal OWNERSHIP in the economy's FUTURE wealth-creating, income-producing capital asset creation. "FUTURE" is stressed because the primary solutions are not based on socialistic redistributive policies that tax and punish those in society who are producing, whether through their labor or their "tools" that they OWN, which they contribute as inputs to creating economic value. The solutions are based on the fundamental principle that economic value is created through human and non-human contributions.
The solutions have at their core the truth that labor and physical capital are independently productive. Given the reality that most products, and increasingly services, are exponentially made by physical capital, the solutions require using financial tool that effectively will democratize capital OWNERSHIP, with the full earning dividend income paid out to each capital owner. The basis for this foundational thinking is at the core of binary economics which recognizes that there are two independent factors of production: people (labor workers who contribute manual, intellectual, creative and entrepreneurial work) and physical capital (land; structures; infrastructure; tools; machines; robotics; computer processing; certain intangibles that have the characteristics of property, such as patents and trade or firm names and the like which are OWNED by people individually or in association with others). Fundamentally, economic value is created through human and non-human contributions. NOTE, real physical productive capital isn't money; it is measured in money (financial capital), but it is really producing power and earning power through OWNERSHIP of the non-human factor of production. Financial capital, such as stocks and bonds, is just an ownership claim on the productive power of real capital. In the law, property is the bundle of rights that determines one's relationship to things.
The role of physical productive capital is to do evermore of the work, which produces wealth and thus income to those who own productive capital assets. Our current economic policies are proposed in the name of JOB CREATION. But the reality is that full employment is not an objective of businesses.
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