Fixing What’s Wrong With The World Starts At Home (Demo)

 I love this article and the perspective that Keith Green brings to the American and global problem of concentrated business ownership and political control, which is vested in what Green estimates to be less than 10,00 people worldwide!

Keith Green’s blog perfectly complements the advocacy we do at the Center for Economic and Social Justice (www.cesj.org). What follows is an invitation by CESJ’s president, Norman Kurland to rally at the White House and the Federal Reserve to work for a more just future for America and the world.

The Federal Reserve controls money. Money shapes the future. Whoever controls money controls who will own property in the future. Under the current money systems in all countries, the richest 67 people in the world control money in ways that concentrate more ownership of income-producing property than the bottom 3.5 billion citizens of world citizens. In the USA the top one-half of one percent own more than the bottom 90% of Americans. Such concentrated ownership gives highly concentrated economic and political power over whatever income trickles down to all citizens, especially propertyless workers and consumers unable to work.

We need to stop pouring money into Wall Street and their Big Government cronies

We need to lift our nation and our people out of unsustainable debt.

We need to start financing sustainable growth, new jobs and green technology.

We need to deliver freedom through economic justice for every American citizen.

People are suffering from increasing economic insecurity, increasing joblessness, and disappearing retirement incomes.

People see a growing gap between those who own and control productive wealth and those who own little or nothing.

The anger of the 99 percent with little or no ownership has spread around the world.

It’s time to start building ownership into every have-not, without taking ownership away from the haves.

Simply demanding more jobs or redistributing property incomes of the 1 percent won’t solve the problem.

It’s time to start putting money power into the hands of every citizen and every family.

SO, WHAT IS THE SOLUTION?

The solution lies in how we structure our money system, our credit system, and our tax system, according free market-based principles of ECONOMIC JUSTICE.

Section 13, paragraph 2 of the Federal Reserve Act of 1913 provides a critical monetary key to opening the door to Economic Justice by supporting more equal future ownership opportunities for every member of society, without violating property rights of current owners of existing productive capital assets. The proposed Capital Homestead Act would make our monetary and tax systems more simple and just by lifting monopolistic monetary and ownership barriers found under both monopoly capitalism and all forms of State and collective ownership systems, as well as the Keynesian “mixed economy” models found in the mixed-up, unstable and inflationary monetary systems in all countries today.

Under proposed Capital Homesteading reforms, every American citizen would gain as a fundamental citizenship right to equal access to advanced “social tools” (the economic equivalent of the right to the political ballot) to acquire capital credit for purchasing shares in feasible private sector projects for non-inflationary growth of the agricultural, industrial, and commercial sectors of the productive economy. Each of the twelve Federal Reserve regional banks already has the power under existing law to supply insured, interest-free, new money issued by local commercial banks to make ownership-expanding capital loans to every child, woman and man in the region each and every year. The loans would be private sector asset-backed (not government debt-backed) and made repayable with the full untaxed stream of future profits (“future savings”) of the enterprises issuing the shares.

Democratizing future ownership opportunities would reduce political corruption and make the American market system more just, more free and more competitive in global trade. How? By enabling all private, public, and non-profit sector workers, as well as welfare recipients, to gain ever-increasing earned incomes from the bottom-line profits of productive enterprises, without raising costs of production and prices for American-produced goods and services. This strategy would also enable the economy to grow faster and for the next few generations create millions of new productive job and growing dividend incomes for every citizen to meet consumption needs.

The tax system must also be replaced with a more just and simplified system that would (1) remove artificial tax barriers and “tax expenditures” that perpetuate concentrated ownership of productive capital and ever-increasing government deficits; (2) tax all consumption incomes above uniform personal exemptions at a single rate calculated to eliminate all budget deficits and begin to pay off old government debt; (3) encourage enterprises to pay out fully tax-deductible dividends and finance all future capital with the issuance of new, full-dividend-payout, voting shares; and (4) encourage the spreading out of now-concentrated economic power as widely as possible from one generation to the next, by shifting from estate and gift taxes on the accumulated wealth of super rich persons to taxing recipients at a single personal tax on all gifts and inheritances they receive that exceed the recipient’s holdings over $1million dollars.

It’s time to deliver a new and unifying message to our people:

“OWN OR BE OWNED: WHY WE CAN’T WAIT”

If this message makes sense to you, let CESJ know by emailing Norman Kurland at “thirdway@cesj.org” if you will be joining us on the South Side of Lafayette Park directly across the street from the Pennsylvania Avenue entrance of the White House between 10 am and 1 pm on Friday, April 17th. After that we’ll deliver our Declaration on Monetary Justice for President Obama at the White House Gate. Then we’ll deliver it to Chair Janet Yellen at the Federal Reserve at the Fed’s C Street entrance between 20th and 21st Street, N.W. The next day you can join us for the 30th Anniversary Celebration of the founding of the Center for Economic and Social Justice (CESJ). Make copies for your friends, activist students and organizations dedicated to working for a more just future for America and the world.

Norm Kurland, thirdway@cesj.org, telephone 703 243 5155, fax 703 243 5935