The Only Economic Strategy That Systematically Lowers Your Taxes While Paying Off the National Debt

Many American voters forged their ballots on the premise of taxes alone. Whoever guarantees the bottom tax charge mechanically wins their vote. And this fiscally conservative voter usually votes for the Republican candidate and opposes the Democrat candidate.

However curiously sufficient, over the previous 40 years it’s the Republican not the Democratic administrations who’ve considerably elevated the nationwide debt. It was the GW Bush administration that (based mostly on the fraudulent declare that Sadam Hussein was harboring weapons of mass destruction) dragged us into the ceaselessly conflict in Iraq and Afghanistan. The conflict debt at the side of an enormous tax reduce for the rich, elevated the nationwide debt dramatically!

Now within the age of Trump it’s one other monstrous tax break for the billionaire class together with the utterly and completely mismanaged (and nonetheless increasing) COVID 19 virus outbreak that’s once more exploding the nationwide debt. And ultimately it properly be we the individuals (not the 1% who’re spectacular at avoiding taxes) who will repay this debt within the type of larger taxes.

However there may be an financial technique (completely ignored by our flesh pressers) that’s systematically designed to decrease your taxes whereas systematically paying off the nationwide debt on the identical time. It’s chief proponent, Dr. Norman Kurland, President of the Middle for Financial and Social Justice (CESJ.ORG) has labeled this technique Capital Homesteading. And in an effort to clarify it, let’s start with two FACTS.

A Systematic Answer Primarily based on Details

First, on common, the American economic system grows on the charge of $4,000,000,000,000 (sure that’s 4 trillion {dollars}) yearly. Second, that interprets into about $12,000 for each man, lady, and baby in America. However usually talking, the beneficiaries of this annual progress are at present restricted to these individuals who can afford to purchase the shares, bonds, actual property, and technological developments that account for this progress.

Extra particularly we’re speaking about lower than 10% of Individuals who’ve the means to reap the benefits of 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 tens of millions of staff dropping their incomes and healthcare as a result of virus, the Federal authorities has elevated unemployment advantages for a number of months, and issued so referred to as “stimulus checks ($1,200)” to tens of millions of individuals in an effort to artificially jump-start demand and to forestall 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 large debt load, which implies it’s a short-term not a long-term answer. The hope in fact 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 have 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 have been dwelling paycheck to paycheck, unable to afford a $500 bump within the street with out having to borrow cash in an effort to pay for it. Issues are dramatically worse than they have been a number of months in the past earlier than the virus. However the place we have been continues to be not the place to which we the persons are longing to return. So, what can we do?

The $4 Trillion Greenback Concept That Creates No Debt!

Now let’s recall that on common, the American economic system grows on the charge of $4 trillion {dollars} yearly. As soon as once more, that interprets into about $12,000 yearly for each man, lady, and baby 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 need to elevate now’s, how can we be certain the typical American has systematic entry to the possession aspect of the economic system, the place MOST OF THE WEALTH IS BEING GENERATED? How can the typical Joe acquire entry to that $4 trillion {dollars} of predictable progress in an effort to generate a second stream of funding earnings, whereas eliminating the worry and instability that so many Individuals undergo from in right this moment’s extremely imbalanced economic system?

Contemplate the Following Chance…

• What if the Federal Reserve, by means of native banks

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

• to each single American citizen (man, lady, and baby no matter race, gender, faith, sexual orientation, or financial standing) yearly

• at 0% curiosity, and…

• allowed the mortgage to be repaid through FUTURE, PRE TAX EARNINGS/DIVIDENDS – NOT FROM PERSONALSAVINGS

• together with a stipulation that these funds may solely be used to buy shares of recent and transferred capital belongings that have been predicted to generate sufficient future income to pay for his or her buy and to create predictable, stabilizing, residual incomes for his or her house owners?

This technique, often called “Capital Homesteading,” would price American taxpayers NOTHING. It creates NO GOVERNMENT DEBT! It creates NO CONSUMER DEBT! And, reasonably than authorities debt-backed foreign money, the acquisition could be backed (collateralized) by actual, productive, private-sector belongings

And it WOULD NOT BE INFLATIONARY. All cash created could be immediately backed (collateralized) by the complete worth of personal sector belongings that residents would obtain insured loans in an effort to buy. Residents would truly be buying newly issued, full dividend payout, voting shares of corporations that want new capital belongings in an effort to develop.

What Capital Homesteading Will Do Nonetheless Is…

• Give each American systematic entry to the possession aspect of the American economic system, the place most of our nations’ wealth is being generated.

• Create a residual stream of earnings for all Individuals via possession – not via labor

• END AMERICAN POVERTY AND HEAL THE RACIAL DIVIDE

• Stabilize household life,

• Reduce the psychological sickness often called GREED that so poisons American tradition

• In the long term it’s going to assist to democratize the free market,

• Create tens of millions of recent taxpayers, thereby DILUTING and REDUCING the TAX BURDEN on those that truly pay taxes

• Reduce the rising menace of synthetic intelligence in Americas’ job market

• Steadiness the nationwide price range,

• And repay our large and ever-growing nationwide debt, and so forth.

One Easy Instance

Right here’s one easy instance of how Capital Homesteading would profit the following era of Individuals. If carried out, by age10 each baby would have had $120,000 (10 instances $12,000) invested on their behalf and paying dividends. By age 18 properly over $200,000 would have been invested and be producing dividends that will simply pay for a debt-free faculty schooling together with all the advantages that will observe in its wake. Completely a win/win for everybody!

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 objectives! It interprets mere political discuss (reminiscent of…we’re all on this collectively) into actual stay, outcomes pushed motion!

It Systematically Counteracts Concentrated Wealth/Greed!

Over time, every American citizen will accumulate extra fairness, extra residual earnings, and profit from their funding earnings in a means that solely the rich can right this moment. Because the consequence, the necessity for federally backed social security web applications (i.e. social safety, Medicare, Medicaid, meals stamps) will progressively fade into the sundown. Extra individuals will have the ability to pay taxes, which in flip decreases the burden on these amongst us who nonetheless pay taxes. It systematically counteracts concentrated wealth/greed because it progressively democratizes America’s free-market economic system!

But This Free Market, Non-Socialistic Answer is Being Completely Ignored!!!

If the Obama administration (or any of its predecessors) had carried out Capital Homesteading, right this moment’s COVOD 19/Unemployment disaster wouldn’t be a disaster. We the individuals may afford keep at dwelling and nonetheless have ample earnings to climate a a lot much less extreme storm. But we’re lower than 80 days from the following Presidential election and Capital Homesteading has been completely ignored by Trump, Biden, Harris, Sanders, Warren, Booker, Klobuchar, Mayor Pete, and so forth. WHY?

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 may very well be carried out, 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 superb factor that might truly 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 Fundamental Revenue (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 steered annual sum of money issued ($12,000 yearly) is similar as Capital Homesteading, that’s the place the similarity ends. Take a look at the variations.

1. Because it points insured capital credit score loans which are paid again through pre-tax future earnings, and may solely be used to purchase wealth producing capital belongings, 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 larger taxes.

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

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

4. Capital Homesteading systematically permits particular person residents to change into economically empowered and liberated by means of capital possession. UBI doesn’t.

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

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

7. Capital Homesteading systematically creates new house owners of superior applied sciences and inexperienced progress belongings 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 large authorities debt. UBI doesn’t.

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

10. Capital Homesteading requires a while (often quite 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.