The Capital Homestead Act: Innovative Change to Expand the Middle Class

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Change the rules, level the playing field, expand ownership of private property to all Ameicans. It's all about the money. Money follows property as does 'power.' Expansion of ownership of revenue producing assets (stock, real property, technology, software, IP, etc) will expand the middle class. look at these slides then go to www.cesj.org to learn more.

It is time to redistribute opportunity, to level the playing field, make all Americans independent. Barron Rothschild whose family founded the Banks of Europe said, "give me control of a nation's money and I CARE NOT who makes the laws." Laws should be made in Congress, not on K Street. Here is a real chance for change. Reach out!

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  • That is what happens when the government takes corporate control over the people's right to property. In my view the government is not the owner but the management company. We the People own our country ... not the government
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  • This would have seemed inconceivable not that long ago that an unfriendly country via state owned companies could have bought up to a billion dollars worth of a countries properties with out any government review. This is a stumbling block of Australias Free Trade agreement with China..it wants the same deal in this respect as it has with USA. Talk about selling out the Farm from under our feet.In a country with scarce water resources Australias largest irrigated cotton (Cubbie Station in Qld) property with a dam`ed waterway thats several times size of Sydney Harbour. Are our natural resources and future of the family farm being white anted by inept Governments (http://en.wikipedia.org/wiki/Cubbie_Station )
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  • The Center for Social and Economic Justice are dedicated to a free enterprise approach to economic and social justice for all, through equal opportunities to capital ownership for every personThe Capital Homestead Act is the first step in assuring equal access to capital ownership
  • Individually held wealth (pension plans etc.
  • Because the productiveness of Captial is greater than labor
  • Reverse sides
  • Jobs for the many, Ownership for the few … we stopped here
  • The Center for Social and Economic Justice are dedicated to a free enterprise approach to economic and social justice for all, through equal opportunities to capital ownership for every personThe Capital Homestead Act is the first step in assuring equal access to capital ownership
  • The Capital Homestead Act: Innovative Change to Expand the Middle Class

    1. 1. Presented by: The Center for Economic and Social Justice (www.cesj.org) Founding Fathers Intended it … The Courts Ended it …
    2. 2. * Wealth, accumulated over generations, has given great power to some. New technology has created vast increases in wealth in a small group. In Fact … 1% of our population holds more of the wealth than the bottom 90% combined. There are now 400 billionaires in America. All this concentrated wealth Has Unbalanced Our Political and Economic System. It is damaging our Society
    3. 3. Has kept the 99% economically powerless! *
    4. 4. * Labor Salaries/Wages Ongoing Expense Less Profitable Capital Investment Depreciated Asset More Profitable
    5. 5. Capital Labor Plant Equipment Land Cash Patents/Copyrights Time Effort Expertise
    6. 6. * The relative value of Capital has been rising. The relative value of labor has been falling TheValueofCapital TheValueofLabor
    7. 7. Too Many (99%) Own Too Little. *
    8. 8. * •Retained earnings enable corporation NOT to pay out profits to stockholders Much of our Nation‟s wealth is held in the stock of corporations •Automation (tools) eliminate the need for labor •In the near future, tools (computer software, & systems) will replace human labor – permanently Capital intensive, automated tools replace labor •Over time the 1% have paid Congress to change the laws to unbalance the playing field Our tax system provides loopholes for the 1% The Wealth of our Nation is Monopolized
    9. 9. 1. • Corporations are where wealth is hidden Why is so much wealth in corporate stock? • Because Corporations normally do NOT pay dividends to stockholders. • Corporations changed the laws of ownership to prevent equitable sharing of profits by stockholders How is wealth hidden in stock? • Because monopoly gives the 1% unjust economic and political power. Why do the 1% want to control the laws of ownership?
    10. 10. 2. • Because Automated Tools Eliminate Jobs Why are there no jobs? • The Cooper • The Secretary • The Laborer • Middle Management Whole classes of jobs are being reduced, or eliminated And … the jobs are NOT coming back
    11. 11. 3. • Because The System is structured to concentrate power in the hands of the 1% • The System is geared to create jobs for the many and ownership for the few. Why has the system created barriers to ownership?
    12. 12. 4. • The traditional monetary model disproportionally favors the 1% • Economists work for the 1% • Academia is also dependent upon the favor of the 1% Why are we tied to a flawed economic model?
    13. 13. 5. • Because it furthers their interests is accumulating wealth and power. • The System assumes the need for savings of the rich to finance growth. Why does our tax system provide loopholes for the 1%? • It has always been thus • The rich pay the government • The rich become powerful • And the powerful become rich Why has our government permitted this to happen?
    14. 14. * Ownership AND Jobs …
    15. 15. * • Grow The Economy • Balance The Budget • Fix Social Security • Solve The Mortgage problem • Establish truly free markets
    16. 16. * Increased Production Increased Consumption Economic Growth
    17. 17. * Simplified & Fair Tax Policy Increase family tax exemption Inheritance taxable to recipient Increase Consumer Spending Dividends from Capital Homestead Accounts – new jobs! Capital Credit to Citizens Fed discount window opened to member banks for expanded ownership Remove Barriers to Ownership of Property Full payout of all corp. profits as tax deductible dividends
    18. 18. “A man who is dependent upon the good will of another man for his sustenance, cannot be a good citizen” Political Philospher: Dr.Mortimer Adler – Mike Wallace Interview, 1958
    19. 19. * • Corporations - payout profits as dividends End Retained Earnings • Expand ownership of corporate stock • Eliminate monopoly on ownership by 1% Fund expansion through stock sales
    20. 20. * •The Gov‟t & Other Sources Create Two $ Trillion in new capital Annually •Only 60% of Gov‟t Spending comes From Tax Revenue •The Gov‟t „Sells‟ Debt to the FED •We Are Slowly Bankrupting the Country Gov‟t Creates Non Asset Based Money •1% Control Who Gets Funds •And the Tax System (controlled by the 1%) •Income Distributed Through Jobs. •Many of these jobs are eliminated by technology. Present Capital Formation Perpetuates Monopoly
    21. 21. * • The Fed to discount paper for Fed member banks on loans to CHA‟s • Banks accept capital loan applications • Risk insurance substitutes for collateral Productive Credit for Business and Industry
    22. 22. * • Tier one – non-productive consumer & gov‟t credit • Tier two – productive capital credit Create a “two-tiered,” credit system • CHA for every American Citizen • Estimate $7K in capital credit, per capita, per annum • Only used to acquire productive assets • CHA loans repaid before dividends distributed Capital Homestead Accounts (CHA)
    23. 23. * •$30,000 deduction for adults •$20,000 deduction for all dependents •Single Tax Rate Based Upon government budget Simplified Single Rate Tax Above Exemptions •No tax on corporations on dividends paid out •Taxes paid by recipient NO Double Tax •Tax Recipients over $1 Million in inheritance No Tax on Estate if distributed
    24. 24. * *“Give me control of the money and I don’t care who makes the laws.” Baron Rothschild International Banker *“The meek may inherit the earth, but NOT the mineral rights.” * Oilman *“A man who is dependent upon the good will of another man for his sustenance cannot be a good citizen.” * Dr. Mortimer Adler * Political Philosopher
    25. 25. Center For Economic and Social Justice

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