On March 4, 2013, Robert Reich stated on Current TV:
The GOP exists mainly to protect the fortunes of the most fortunate members of our society. That’s the only unifying principle connecting its disparate deficit-hawks, government-haters, right-wing evangelicals, and nativists. Yet the Democrats are hardly pure in this regard; the loosening of campaign-finance laws and the “Citizens United” decision have opened floodgates to wealthy Democrats who don’t want to cap the size of Wall Street banks, resurrect Glass-Steagall, or close notorious tax loopholes. Still, the GOP is the major roadblock to a more decent society.
What confounds me is that there is the attack on the rich by the Democrats and the attack by the Republicans on the non- or under-capitalisized masses who are not the wealthy ownership class of America. Why won’t academia and our leaders recognize the rich are rich because they own productive capital assets that produce dividend income and capital gain value, and put their minds to introducing policies and program that broaden private ownership of FUTURE productive capital investment so that the masses can also become OWNERS and benefit from that income source?
Our government employs all sorts of tax and investment stimulus incentives to strengthen economic growth, but without the requirement that productive capital ownership is broadened simultaneously, the result will continue to further concentrate productive capital ownership among those who already own, and further create dependency on redistribution policies and programs to sustain purchasing power on the part of the 99 percent of the population who are dependent on their labor worker earnings or welfare to sustain their livelihood. By stimulating economic growth tied to broadened productive capital ownership the benefits are two-fold: one is that over time the 99 percenters will be enabled to acquire productive capital assets that are paid for out of the future earnings of the investments and gain greater access to job opportunities that a growth economy generates.
The pressing need is for everyone in a position of influence to encourage President Obama and Washington policymakers to raise the consciousness of the America people by making the introduction of a National Right To Capital Ownership Bill the NUMBER ONE focus, and restore the American dream of property ownership as a primary source of personal wealth.
This is the solution to America’s economic decline in wealth and income inequality, which will result in double-digit economic growth and simultaneously broaden private, individual ownership so that EVERY American’s income significantly grows, providing the means to support themselves and their families with an affluent lifestyle. The Just Third Way Master Plan for America’s future is published at http://foreconomicjustice.org/?p=5797.
Support the Capital Homestead Act at http://www.cesj.org/homestead/index.htm and http://www.cesj.org/homestead/summary-cha.htm
http://www.youtube.com/watch?feature=player_embedded&v=Nov-ucaDEkM
