Change the rules, level the playing field, expand ownership of private property to all Ameicans. It's all about the money. Money follows property as does 'power.' Expansion of ownership of revenue producing assets (stock, real property, technology, software, IP, etc) will expand the middle class. look at these slides then go to www.cesj.org to learn more.
It is time to redistribute opportunity, to level the playing field, make all Americans independent. Barron Rothschild whose family founded the Banks of Europe said, "give me control of a nation's money and I CARE NOT who makes the laws." Laws should be made in Congress, not on K Street. Here is a real chance for change. Reach out!
2024 02 15 AZ GOP LD4 Gen Meeting Minutes_FINAL_20240228.docx
The Capital Homestead Act: Innovative Change to Expand the Middle Class
1. Presented by:
The Center for Economic and
Social Justice
(www.cesj.org)
Founding Fathers Intended it …
The Courts Ended it …
2. *
Wealth, accumulated over generations, has given great
power to some.
New technology has created vast increases in wealth in a
small group. In Fact …
1% of our population holds more of the wealth than the
bottom 90% combined.
There are now 400 billionaires in America.
All this concentrated wealth Has Unbalanced Our Political
and Economic System. It is damaging our Society
8. *
•Retained earnings enable corporation NOT to pay out profits to
stockholders
Much of our Nation‟s wealth is held in the stock of
corporations
•Automation (tools) eliminate the need for labor
•In the near future, tools (computer software, & systems) will
replace human labor – permanently
Capital intensive, automated tools replace labor
•Over time the 1% have paid Congress to change the laws to
unbalance the playing field
Our tax system provides loopholes for the 1%
The Wealth of our Nation is Monopolized
9. 1.
• Corporations are where wealth is hidden
Why is so much wealth in corporate stock?
• Because Corporations normally do NOT pay dividends to
stockholders.
• Corporations changed the laws of ownership to prevent
equitable sharing of profits by stockholders
How is wealth hidden in stock?
• Because monopoly gives the 1% unjust economic
and political power.
Why do the 1% want to control the laws of
ownership?
10. 2.
• Because Automated Tools Eliminate Jobs
Why are there no jobs?
• The Cooper
• The Secretary
• The Laborer
• Middle Management
Whole classes of jobs are being reduced, or
eliminated
And … the jobs are NOT coming back
11. 3.
• Because The System is structured to
concentrate power in the hands of
the 1%
• The System is geared to create jobs
for the many and ownership for the
few.
Why has the system created
barriers to ownership?
12. 4.
• The traditional monetary model
disproportionally favors the 1%
• Economists work for the 1%
• Academia is also dependent
upon the favor of the 1%
Why are we tied to a
flawed economic model?
13. 5.
• Because it furthers their interests is accumulating
wealth and power.
• The System assumes the need for savings of the rich to
finance growth.
Why does our tax system provide loopholes
for the 1%?
• It has always been thus
• The rich pay the government
• The rich become powerful
• And the powerful become rich
Why has our government permitted this to
happen?
17. *
Simplified & Fair Tax Policy
Increase family tax exemption Inheritance taxable to recipient
Increase Consumer Spending
Dividends from Capital Homestead Accounts – new jobs!
Capital Credit to Citizens
Fed discount window opened to member banks for expanded ownership
Remove Barriers to Ownership of Property
Full payout of all corp. profits as tax deductible dividends
18. “A man who is dependent upon the good will of
another man for his sustenance, cannot be a good
citizen”
Political Philospher: Dr.Mortimer Adler – Mike Wallace Interview, 1958
19. *
• Corporations - payout profits as
dividends
End Retained Earnings
• Expand ownership of corporate stock
• Eliminate monopoly on ownership by 1%
Fund expansion through stock
sales
20. *
•The Gov‟t & Other Sources Create Two $ Trillion in new
capital Annually
•Only 60% of Gov‟t Spending comes From Tax Revenue
•The Gov‟t „Sells‟ Debt to the FED
•We Are Slowly Bankrupting the Country
Gov‟t Creates Non Asset Based Money
•1% Control Who Gets Funds
•And the Tax System (controlled by the 1%)
•Income Distributed Through Jobs.
•Many of these jobs are eliminated by technology.
Present Capital Formation Perpetuates
Monopoly
21. *
• The Fed to discount paper for Fed member
banks on loans to CHA‟s
• Banks accept capital loan applications
• Risk insurance substitutes for collateral
Productive Credit for
Business and Industry
22. *
• Tier one – non-productive consumer & gov‟t credit
• Tier two – productive capital credit
Create a “two-tiered,” credit system
• CHA for every American Citizen
• Estimate $7K in capital credit, per capita, per annum
• Only used to acquire productive assets
• CHA loans repaid before dividends distributed
Capital Homestead Accounts (CHA)
23. *
•$30,000 deduction for adults
•$20,000 deduction for all dependents
•Single Tax Rate Based Upon government budget
Simplified Single Rate Tax Above Exemptions
•No tax on corporations on dividends paid out
•Taxes paid by recipient
NO Double Tax
•Tax Recipients over $1 Million in inheritance
No Tax on Estate if distributed
24. *
*“Give me control of the money and I don’t care who
makes the laws.”
Baron Rothschild
International Banker
*“The meek may inherit the earth, but NOT the
mineral rights.”
* Oilman
*“A man who is dependent upon the good will of
another man for his sustenance cannot be a good
citizen.”
* Dr. Mortimer Adler
* Political Philosopher
The Center for Social and Economic Justice are dedicated to a free enterprise approach to economic and social justice for all, through equal opportunities to capital ownership for every personThe Capital Homestead Act is the first step in assuring equal access to capital ownership
Individually held wealth (pension plans etc.
Because the productiveness of Captial is greater than labor
Reverse sides
Jobs for the many, Ownership for the few … we stopped here
The Center for Social and Economic Justice are dedicated to a free enterprise approach to economic and social justice for all, through equal opportunities to capital ownership for every personThe Capital Homestead Act is the first step in assuring equal access to capital ownership