“The American dream has always been to have a piece of the action. Income, you know, results from only two things, it can result from capital or it can result from labor. If the workers and citizens begins getting his income from both sources at once he has a real stake in increasing production and increasing the output. One such plan is based on financing future expansion in such a way as to create a stock ownership culture. It does not reduce the holdings of the present owners, nor does it require the employees to divert their own savings into stock purchases. This one plan, and undoubtedly there are alternatives, utilizes an employee stock ownership trust to purchase newly issued stock when a corporation needs new capital for expansion. The trust acquires its funds by borrowing with a guarantee from the corporation, from a commercial bank or other lending institution. Over a ten year period it is possible for [Trillions] of newly formed capital to be owned by individuals and families who today have little or no hope of acquiring a vested interest in our capitalistic system.” – Ronald Reagan, Speech-Young Americans for Freedom, July 1974.
The Capital Homestead Act would make it possible for every American to become a viable owner of productive capital and not just for the tiny elite who now own our corporations. See http://www.cesj.org/homestead/summary-cha.htm and http://www.cesj.org/about/programs/declarations/ monetaryjustice.htm.
