What If Everyone Participated In The Ownership Of The American Economy?

Politicians always talk about work. But the real problem is not work. This is income! For example, Donald Trump, George W. Bush and Mitt Romney(only 1% in total) have never had decent jobs. But they have enough income. On the other hand, you can do all kinds of things like many people now, but still can’t afford the rent.

In other words, there are two ways to earn income. You can work for wages or wages. Or, as clearly stated by 1%, as long as we fully hold the capital assets(stocks, bonds, land, machinery, etc.) that can simply create wealth and obtain sufficient dividends, we can do a good job.

Wages and wages – part of the working economy – have been stagnant since 1980. In sharp contrast, there was a huge explosion in economic ownership, which led to a huge and unprecedented father son politics/oligarchy. The gap between the rich and the poor between the minority and the majority was so large that it threatened the reputation of American political democracy.

According to the latest research, there were 66 billionaires in the United States in 1990. This proves it. In 2020, we now have 614 billionaires. In addition, in the past four months, the wealth of billionaires has increased by an average of 23%, and millions of workers have lost their jobs, medical insurance and the ability to feed themselves and their families.

In other words, the United States urgently needs real change. The question is, what should the real change look like? Consider the following cold facts. On average, the U.S. economy is growing at a rate of $4 trillion per year. This is equivalent to about 12000 dollars per man, woman and child in the United States. But in general, the beneficiaries of these years’ growth are limited to those who are able to purchase stocks, bonds, real estate and technology development.

90% of opportunities are insufficient

More specifically, what we are talking about is that less than 10% of Americans are able to take advantage of relatively predictable growth, and 90% lack the opportunity to participate. Therefore, the gap between the rich and the poor in the 21st century is larger and more toxic than at any time since the stock market crash in 1929 and the subsequent Great Depression.

Worse, this was the case before the current pandemic oriented economic crisis. In response to millions of workers’ loss of income and health care due to the virus, the federal government increased unemployment benefits for several months, and paid the so-called “stimulus check($1200)” to millions of people to stimulate demand and prevent the sinking of national ships.

Unable to pay, but required steps

By taking these unpleasant but necessary measures, the government has greatly increased its huge debt burden, which means that this is not a long-term solution, but a short-term solution. Of course, our hope is to artificially restore demand, which in turn creates jobs, so that people like us can return to their jobs, so that we can return to the state before the Verus attack.

The problem is that people like us are in a bad situation before the virus attacks. Even before the outbreak of the virus, more than half of Americans lived on wages. If they did not borrow money to pay, they would not be able to pay $500 for travel. This is much more serious than in the months before the outbreak. But the place where we stay is still not the place where our citizens want to go back. So, what can we do?

The idea of $4 trillion will not generate debt!

In contrast, the U.S. economy grew by an average of $4 trillion annually. Similarly, this means that all men, women and children in the United States receive $12000 a year. But the beneficiaries of this annual growth are people who can buy stocks, bonds, real estate and new technologies. This usually excludes us.

The question I would like to raise here is how we can ensure that ordinary American citizens systematically approach economic ownership. Does most wealth come from there? How can ordinary people achieve a predictable growth of $4 trillion, so as to generate a second investment income, and eliminate the fear and instability that many Americans experience in today’s unreliable unbalanced economy?

Consider the following possibilities

• If yes, through local banks

• Issuance of a fully insured capital credit of US $12000

• Every year to all US citizens(men, women, children)

• Interest rate 0% and

• Allow loans to be repaid through future earnings/dividends rather than savings

• The fund can only be used to purchase shares of new and transferred capital assets. Is it expected that the asset will generate sufficient future profits, pay the purchase costs, and create predictable and stable residual income for the owner?

This strategy, known as the “home of capital”, will not cost American taxpayers anything. GEVERNMENT will not generate debt! It does not create consumer debt! Non governmental debt backed monetary purchases are backed by real, productive private sector assets(collateral).

And it will not expand. All the funds created will immediately obtain all the value of private sector assets(mortgages), and citizens will obtain insurance loans to purchase these assets. Citizens will actually buy newly issued, dividend paying and voting stocks, and these companies need new capital assets to grow.

However, this strategy will enable all American citizens to access the ownership of the American economy, and most of our property is located in the United States. In the long run, this will help democratize the free market, eradicate poverty, stabilize family life, balance the budget, and repay our huge increase in national debt.

For example, by the age of 10, each child invests $120000 for himself and pays dividends. At the age of 18, there will be more than 200000 dollars of investment and dividends, which can easily pay for debt free college education.

At this time of political division and conflict, Capital Homesteading pays all Americans to work together at the same time, in the same direction and with the same goal! It transforms pure political speech(for example, we are all together) into realistic, result driven action!

It fights against wealth/greed concentrated in the system!

As time goes on, all American citizens will accumulate more shares, more surplus income, and benefit from their investment income. Only today’s rich people can make such a profit. Therefore, the demand for federally supported social safety net projects(i.e. social security, medical insurance, medical wages, food vouchers) will gradually disappear. More people will pay taxes. This in turn reduces the burden on those of us who are still paying taxes. With the gradual democratization of the American free market economy, it systematically offsets and interferes with the concentration of wealth/greed!

Today’s crisis is not a crisis.

If the Obama administration, the George W. Bush administration or the Clinton administration implemented the capital homestead, today’s COVOD19/unemployment crisis is not a crisis. People like us can not only bear the cost of staying at home, but also have enough income to weather the moderate storm. Trump has more than three years of opportunity. He didn’t really care about making America great forever. What about you, President of the United States?

Detailed drawing of capital homestead

I admit that this review is a general portrait, and more details are urgently needed. Therefore, please visit CESJ for a full and detailed description of how to implement this strategy. ORG, look at what Dr. Norman Kurland called the Capital Housing Law. This is an original idea, which is out of date. This terrible COVID-19 crisis is a very good thing, because it can actually achieve results.

Appendix

Comparison between UBI and the capital homestead

The alimony check is actually a short-term form of national basic income(UBI). This idea has been supported by Andrew Yang, the former presidential candidate and serial founder, Mark Zuckerberg of Facebook, Elon Musk of Tesla, etc. The proposed annual issuance amount($1200 per year) is the same as the capital homestead, but this is the end of the similarity. Check for discrepancies.

1. The insurance capital credit issued by capital homesteaging can only be repaid through the pre tax future income to purchase wealth creating capital assets, so there will be no government debt and joint debt! UBI and stimulus checks create government debt, and people like us will eventually pay back with higher taxes, rather than being good at evading 1% of taxes.

2. Capital Homesteading has systematically created universal capital property rights opportunities and access to wealth capital assets. No UBI.

3. Capital Homesteading systematically provides funds for predictable and sustainable economic growth. No UBI.

4. Capital homestead enables individual citizens to obtain economic power and liberation systematically through capital ownership. No UBI.

5. The homestead system in the capital makes people economically independent from the government. No UBI.

6. The continuous expansion of citizens’ ownership of income generating capital in capital homestead has generated large-scale purchasing power for the system real estate. No UBI.

7. Capital Homesteading systematically created new owners of high-tech and green growth assets, but UBI did not.

8. Capital Homesteading systematically created an increasing tax base to pay for government spending, eliminate deficit spending, and finally repay the current huge government debt. No UBI.

9. UBI/Irritation test is simple and direct. This is their power.

10. Capital Homesteading needs a period of time(usually several years) to accumulate revenue. This is why UBI should start immediately and gradually eliminate it as time goes by to support the capital homestead.