A wage slave is any particular person (no matter race, faith, ethnicity, gender, sexual orientation, or political occasion) who’s confronted with the selection of accepting a job or ravenous. It’s anybody who lacks the assets to handle themselves and their household with out promoting the best hours of their day/week/month/life to another person in change for a buck.

So how have you learnt in case you’re a wage slave? Do you thank God when it’s Friday? Do you like weekends over weekdays? Would you cease working if working stopped paying your wage or wage? Do you remorse that another person has bought and now owns a excessive proportion of your life? Do you want your requirements had been all lined by your month-to-month dividend earnings?

If you happen to answered sure to any of those questions you’re undoubtedly a twenty first century wage slave who’s choosing cotton on a twenty first century plantation and dealing for somebody who values you as little greater than a method to a buck versus a totally functioning human being.

Most of us are Wage Slaves

However please don’t be insulted in case you’ve found that you simply’re a wage slave. Most of us are economically enslaved by a system that privileges just a few on the expense of the various. You’re completely the rule and never the exception. Most individuals, in the event that they’re capable of inform the reality, dislike their jobs in addition to their bosses. However they really feel trapped. They’ve little alternative aside from to proceed working so long as they wish to eat and have a roof overhead. Nice alternative!

Then right here within the USA many people have a good time our freedom. Many people have a good time our political democracy, a authorities of, by and for the individuals. Many assume that slavery is a factor of the previous, and in case you work laborious and play by the principles you’ll win within the American meritocracy.

However in case you spend 8 hours a day, and 40 (or extra) hours per week, working in an autocracy, a office dictatorship, are you actually free? If 1% of the inhabitants owns and controls a lot of the wealth in addition to your entire political system, do we actually have a political democracy? Do you really consider that America is even remotely near being a meritocracy? If that’s the case, good luck!

So How Can We Finish Wage Slavery within the USA?

So the query turns into, how can we finish systematic wage slavery right here within the USA? In that gentle, contemplate the next FACTS. On common, the American financial system grows on the fee of $4 Trillion {Dollars} yearly. That interprets into about $12,000 for each man, lady, and little one in America. However usually talking, the beneficiaries of this annual progress are restricted to these individuals who can afford to purchase the shares, bonds, actual property, and tech developments that account for this progress.

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 progress, 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 Despair 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 staff shedding their incomes and healthcare as a result of virus, the Federal authorities has elevated unemployment advantages for a number of months, and issued so known as “stimulus checks ($1,200)” to hundreds of thousands of individuals in an effort to artificially jump-start demand and to stop the ship of state from sinking into oblivion.

Unpalatable However Mandatory Steps

In taking these unpalatable however essential steps the federal government has considerably elevated the already huge debt load, which suggests it’s 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 so as to pay for it. Issues are dramatically worse than they had been a number of month in the past earlier than the virus. However the place we had been remains to be not the place to which we the individuals are longing to return. So, what can we do?

The $4 Trillion Greenback Thought That Creates No Debt!

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

The query I wish to elevate right here is, how can we ensure that the common American citizen has systematic entry to the possession aspect of the financial system, the place a lot of the wealth is being generated? How can the common Joe acquire entry to that $4 trillion dollars-worth of predictable progress so as to generate a second stream of funding earnings, whereas eliminating the concern and instability that so many Individuals undergo from in as we speak’s extremely imbalanced financial system?

Paying “We the Folks” to Pull Collectively…

Think about the next situation…

• What if the Federal Reserve, via native banks…

• issued $12,000 of FULLY INSURED CAPITAL CREDIT loans

• at 0% curiosity

• to be repaid with future earnings from pre-tax, dividend {dollars}, not private financial savings

• to each American citizen yearly

• together with the stipulation that these funds might solely be used to buy shares of latest and transferred capital property that had been predicted to generate sufficient future income to pay for the acquisition of those property and to create a predictable, stabilizing, residual earnings for its homeowners?

This technique, referred to as Capital Homesteading, would value American taxpayers NOTHING. It creates NO GEVERNMENT DEBT! And it creates NO CONSUMER DEBT! And, relatively than authorities debt-backed foreign money, the acquisition can be backed (collateralized) by actual, productive, private-sector property.

And it wouldn’t be inflationary. All created funds would immediately be backed (collateralized) by the complete worth of personal sector property that residents would obtain totally insured loans so as to buy. Residents would really be buying newly issued, full dividend payout, voting shares of corporations that want new capital property so as to develop.

What this technique would do nevertheless, is give each American citizen equal entry to the possession aspect of the American financial system, the place most of our nations’ wealth is being generated. In the long term it might democratize the free market financial system, finish poverty, stabilize household life, stability the price range, and repay our huge and ever-growing nationwide debt, and so on.

So for instance, by age10 each little one would have had $120,000 invested on their behalf and paying dividends. By age 18 effectively over $200,000 would have been invested and be producing dividends that may simply pay for a debt-free faculty training.

On this second of political division and strife Capital Homesteading actually pays all Individuals to tug collectively, on the identical time, in the identical path, in the direction of the identical targets! It interprets mere political discuss (similar to…we’re all on this collectively) into actual reside, outcomes pushed motion!

It Systematically Counteracts Concentrated Wealth!

Over time, every American citizen will accumulate extra fairness, extra residual earnings, and profit from their funding earnings in a approach that solely the rich can as we speak. Because the outcome, the necessity for federally backed social security internet packages (i.e. social safety, Medicare, Medicaid, meals stamps) will steadily fade into the sundown. Extra individuals will be capable of pay taxes, which in flip decreases the load on these amongst us who nonetheless pay taxes. It systematically counteracts and impedes concentrated wealth because it steadily democratizes America’s free-market financial system!

As we speak’s Disaster Wouldn’t Be a Disaster

If the Obama administration, the GW Bush administration, or the Clinton administration, and so on. had applied Capital Homesteading, as we speak’s COVOD 19/Unemployment disaster wouldn’t be a disaster. We the individuals might afford keep at house and nonetheless have enough earnings to climate a a lot much less extreme storm. Trump has had the identical alternative for over 3 years now however exhibits little interest in really making America nice once more. Joe Biden? How about you?

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 clarification of how this technique might be applied, go to CESJ.ORG and take a look at the idea that Dr. Norman Kurland calls the CAPITAL HOMESTEADING ACT. It’s an ingenious thought whose time is lengthy overdue. And it’s one excellent factor that would really come to fruition as the results of this horrific COVID 19 disaster.

Addendum…

UBI vs. Capital Homesteading Comparability

Stimulus checks are successfully a short-term type of Common Primary Earnings (UBI), an thought 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 similar as Capital Homesteading, that’s the place the similarity ends. Try the variations.

1. Because it points insured capital credit score loans which are paid again through pre-tax future earnings, and might solely be used to purchase wealth producing capital property, Capital Homesteading creates NO GOVERNMENT DEBT and NO COMSUMER DEBT! UBI and stimulus checks create authorities debt that may finally be paid again by we the individuals (not the 1% who’re spectacular at avoiding taxes) within the type of increased taxes.

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

3. Capital Homesteading systematically funds predictable and sustainable progress of the financial system. UBI doesn’t.

4. Capital Homesteading systematically permits particular person residents to develop into economically empowered and liberated via capital possession. UBI doesn’t.

5. Capital Homesteading systematically permits residents to develop into economically unbiased of the federal government. UBI doesn’t.

6. Capital Homesteading systematically generates mass buying energy via ever-broadening citizen possession of earnings producing capital. UBI doesn’t.

7. Capital Homesteading systematically creates new homeowners of superior applied sciences and inexperienced progress property UBI doesn’t.

8. Capital Homesteading systematically creates a rising tax base to pay the prices of presidency, thereby eliminating deficit spending and finally paying off the at present huge authorities debt. UBI doesn’t.

9. UBI/Stimulus checks are easy and quick. That’s their power.

10. Capital Homesteading requires a while (often a lot of years) to ensure that advantages to build up. That’s why UBI ought to begin instantly and be phased out over time in favor of Capital Homesteading.