On June 30, 2014, Robert Reich addressed income inequality at the Aspen Ideas Festival to top 1% — who need to understand what’s at stake.
Robert Reich addresses the impact of economic insecurity and inequality, but fails to identify the underlying fault with the American economic system. Reich’s solutions translate to redistribution programs and jobs creation. A major challenge is to wake up all wage slaves to the opportunity for a second income via the Capital Homestead Act. Every other solution, including raising the minimum wage, to closing the income gap would necessarily add to the costs of food and other necessities for poor and middle income Americans and would increase the outsourcing of jobs when higher labor cost are added to U.S.-produced goods and services. The Capital Homestead Act would grow the U.S. economy faster in a non-inflationary way, create new private sector jobs, finance new productive capital and provide capital incomes for all Americans from the bottom-up by enabling them to own trillions annually in new capital formation and transfers in current assets . . . without taking private property rights away from billionaires or any other person who now owns capital assets over their existing assets. Remember the wage system is the cancer. The ownership system is the answer to address the problem and solve it. Unfortunately, the majority of people simply are blinded to other solutions other than earning an income through a job. But the rich ownership class knows that it is OWNING wealth-creating, income-generating productive capital assets that is the means to becoming wealthy and affluent. And we do not teach the merits of OWNERSHIP in our schools.
What Reich, needs to advocate to billionaires, Democrats and Republicans and all third party leaders is their ability to lead America on a path based on a paradigm shift to an equal opportunity economic democracy.
The JUST Third Way is a radical overhaul of the economic system (i.e., the Federal tax system, Federal Reserve policy, inheritance law, welfare and entitlement system, etc.) that will achieve genuine economic democracy, based on the Platform of the Unite America Party and its links and the proposed Capital Homestead Act. Our Platform is a call for a vision of political economy that can unite the left and the right, based on Louis Kelso’s ownership-based paradigm. Now is the time to cure America’s political cancer (Crony Capitalism) and restore America to again becoming a model for global citizens in all countries.
For a new vision see http://www.foreconomicjustice.org/?p=12331andwww.facebook.com/uniteamericaparty. Support the Unite America Party Platform, published by The Huffington Post athttp://www.huffingtonpost.com/gary-reber/platform-of-the-unite-ame_b_5474077.html as well as Nation Of Change athttp://www.nationofchange.org/platform-unite-america-party-1402409962and OpEd News at http://www.opednews.com/articles/Platform-of-the-Unite-Amer-by-Gary-Reber-Party-Leadership_Party-Platforms-DNC_Party-Platforms-GOP-RNC_Party-Politics-Democratic-140630-60.html.
