In the event that you own sufficient abundance delivering capital resources like land, structures, apparatus, licenses, copyrights, stocks, or securities YOUR MONEY IS WORKING FOR YOU and it's presumably creating a flood of lingering pay from which you advantage.
Then again, on the off chance that you don't claim anything more than your own work (your capacity to perform work) like more than 90% of Americans, YOU ARE WORKING FOR YOUR MONEY. For this situation you're confronted with the quandary of either selling your work (gifts/time) to another person (a business) in return for a check or starving in the city.
At the point when somebody purchases your work/gifts (enlists you) they viably own the most useful level of your day, week, month, year, life. Accordingly, they can direct how you can manage that level of your life. In the event that you neglect to do what's generally anticipated, you'll lose that check and the way to the actual necessities of life like food, safe house, and attire.
In certain circles this last condition is known as WAGE SLAVERY. The individual who is working for their cash is monetarily oppressed (subject to a business) by their absence of suitable financial other options. To rehash, your choices are either to sell yourself and your gifts in return for a buck, or get yourself destitute and asking in the city.
Unexpectedly, in this place where there is the free and the home of the valiant, more than 90% of all Americans experience life working for a business, and they're FREE TO STRUGGLE WITH every one of the pressing factors that go with financial reliance/oppression. At the point when they at last resign and take Social Security, they are re-oppressed by (reliant upon) the public authority for their endurance. Inspired by a paranoid fear of the monetary implications, they're never genuinely monetarily allowed to investigate and to foster the possibilities they were brought into the world with. However, it doesn't need to be that way.
How about we Start With These Facts
All things considered, the American economy develops at the pace of $4,000,000,000,000 (yes that is 4 trillion dollars) yearly. That converts into about $12,000 for each man, lady, and youngster in America. Yet, as a rule, the recipients of this yearly development are presently restricted to those individuals who can stand to purchase the stocks, bonds, land, and mechanical advancements that record for this development.
More explicitly we're discussing under 10% of Americans who have the way to exploit this moderately unsurprising development, and 90% who do not have the chance to partake. Hence, we currently have a 21st century abundance hole that is more extensive and more harmful than any time since the securities exchange crash of 1929 and the Great Depression which continued afterward.
To exacerbate the situation, this was the case some time before the current pandemic arranged financial emergency raised its monstrous head. Because of millions of laborers losing their livelihoods and medical care because of the infection, the Federal government has expanded joblessness benefits for a while, and gave alleged "boost checks" to a huge number of individuals with an end goal to falsely kick off request and to keep the boat of state from sinking into insensibility.
Unpalatable But Necessary Steps
In making these unpalatable however essential strides the public authority has altogether expanded the all around enormous obligation load, which implies it's a present moment, not a drawn out arrangement. The expectation obviously is to misleadingly revive request, which thusly ought to reproduce occupations and get we individuals back to work and lead us all back to where we were before the infection struck.
The issue is that, even before the infection struck, we individuals were not in a generally excellent spot. Indeed, even before the infection ejected over portion of all Americans were living check to check, unfit to manage a $500 hindrance without acquiring cash to pay for it. Things are drastically more regrettable than they were a while prior before the infection. Be that as it may, the spot we were is as yet not the spot to which we individuals are yearning to return. Anyway, how would we be able to respond?
The $4 Trillion Dollar Idea That Creates No Debt!
Presently we should review that all things considered, the American economy develops at the pace of $4 trillion dollars yearly. By and by, that converts into about $12,000 yearly for each man, lady, and kid in America. However, the recipients of this yearly development are the individuals who can bear to purchase stocks, bonds land, and new innovation. This by and large prohibits we individuals.
The inquiry I need to raise presently is, how might we ensure the normal American has orderly admittance to the possession side of the economy, where MOST OF THE WEALTH IS BEING GENERATED? How might the regular person access that $4 trillion dollars of unsurprising development to create a second stream of venture pay, while wiping out the dread and shakiness that such countless Americans experience the ill effects of in the present extraordinarily imbalanced economy?
Think about the Following Possibility…
• What if the Federal Reserve, through neighborhood banks
• gave $12,000 of FULLY INSURED CAPITAL CREDIT LOANS
• to each and every American resident (man, lady, and youngster paying little heed to race, sex, religion, sexual direction, or financial status) yearly
• at 0% premium, and…
• permitted the advance to be reimbursed by means of FUTURE, PRE TAX EARNINGS/DIVIDENDS – NOT FROM PERSONAL SAVINGS
• alongside a specification that these assets must be utilized to buy portions of new and moved capital resources that were anticipated to produce sufficient future benefits to pay for their buy and to make unsurprising, settling, leftover earnings for their proprietors?
This technique, known as "Monetary Democracy," would cost American citizens NOTHING. It makes NO GOVERNMENT DEBT! It makes NO CONSUMER DEBT! What's more, instead of government obligation upheld cash, the buy would be right away supported (collateralized/got) by genuine, useful, private-area resources
Also, it WOULD NOT BE INFLATIONARY. (Overall) is bound to occur. The solitary inquiry is, will it be split between "we individuals" or among "the meager few" who can stand to partake on the proprietorship side of the economy?
What Economic Democracy Will Do However Is…
• Give each American orderly admittance to the proprietorship side of the American economy, where the greater part of our countries' abundance is being created.
• Create a lingering stream of pay for all Americans through proprietorship - not through work
• END AMERICAN POVERTY AND HEAL THE RACIAL DIVIDE
• Stabilize everyday life,
• Minimize the psychological instability known as GREED that so harms American culture
• In the since quite a while ago run it will efficiently democratize the unregulated economy,
• Create a large number of new citizens, subsequently DILUTING and REDUCING the TAX BURDEN on the individuals who really cover charges
• Minimize the developing danger of man-made reasoning in Americas' work market
• Balance the public financial plan,
• And pay off our gigantic and consistently developing public obligation, and so on
One Simple Example
Here's one straightforward illustration of how Economic Democracy would profit the up and coming age of Americans. Whenever carried out, by age10 each youngster would have had $120,000 (multiple times $12,000) contributed for their sake and delivering profits. By age 18 well more than $200,000 would have been contributed and creating profits that would effortlessly pay for an obligation free advanced degree alongside every one of the advantages that would continue afterward. Totally a mutual benefit for everybody!
At this time of political division and conflict Economic Democracy in a real sense pays all Americans to arrange, simultaneously, in a similar heading, towards similar objectives! It deciphers simple political talk, (for example, we're better off sticking together than going alone) into genuine live, results driven activity!
It Systematically Counteracts Concentrated Wealth/Greed!
Over the long run, every American resident will amass greater value, more leftover pay, and advantage from their venture pay in a manner that solitary the affluent can today. As the outcome, the requirement for governmentally sponsored social wellbeing net projects (for example government managed retirement, Medicare, Medicaid, food stamps) will bit by bit blur toward the distant horizon. A great many people will actually want to cover charges, which thus diminishes the weight on those among us who actually settle charges. It efficiently checks concentrated abundance/eagerness as it bit by bit democratizes America's unregulated economy!
Financial Democracy In Detail
I admit, this discourse has been a summed up representation and is in desperate need of more detail. Thus, for a full and point by point clarification of how this system could be executed, go to CESJ.ORG and look at the idea that Dr. Norman Kurland calls the ECONOMIC DEMOCRACY ACT. It's a cunning thought whose time is long past due. Also, something awesome could really work out as expected as the aftereffect of this horrendous, COVID 19 emergency.
Addendum…
UBI versus Financial Democracy
Boost checks are viably a transient type of Universal Basic Income (UBI), a thought which has been supported by among others, previous official cheerful and sequential business person Andrew Yang, just as Mark Zuckerberg of Facebook, and Elon Musk of Tesla. Albeit the recommended yearly measure of cash gave ($12,000 every year) is equivalent to Capital Homesteading, that is the place where the similitude closes. Look at the distinctions.
Since it issues safeguarded capital credit advances that are taken care of by means of pre-charge future profit, and must be utilized to purchase abundance delivering capital resources, Economic Democracy makes NO GOVERNMENT DEBT and NO CONSUMER DEBT! UBI and upgrade checks make government obligation that will ultimately be taken care of by we individuals (not the 1% who are awesome at staying away from charges) as higher duties.
Financial Democracy deliberately sets out widespread capital possession freedom and admittance to the method for procuring abundance creating capital resources. UBI doesn't.
Monetary Democracy methodicallly financ
No comments:
Post a Comment