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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!
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Presented by:The Center for Economic and
Social Justice(www.cesj.org)
Founding Fathers Intended it …
The Courts Ended it …
*Here’s How It Is
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
Has kept the 99% economically powerless!
* Monopolization of Capital Ownership and the Concentration of Power
*Two Factors Create Wealth
Labor
Salaries/Wages
Ongoing Expense
Less Profitable
Capital
Investment
Depreciated Asset
More Profitable
Capital
Labor
PlantEquipmentLandCashPatents/Copyrights
CAPITAL
TimeEffortExpertise
LABOR
*Productiveness of Capital
Productiveness of Labor
*And … It’s Getting Worse!
The relative value of Capital has been rising.
The relative value of labor has been falling
The V
alu
e o
f C
apit
al
The V
alu
e o
f Labor
Too Many (99%) Own Too Little.
*Why Does The 1% Own More Than The Other 90%?
*5 Reasons … Why?
• 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
1.Much of our wealth is in the capital stock of
our corporations.
• 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?
2.Capital Intensive, Automated Tools
Replace Labor
• 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
3.The System has created barriers to
spreading ownership.
• 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?
4.Our Monetary system is tied
to a flawed economic
concept
• 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?
5.Our tax system provides
loopholes for the 1%
• 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?
* Economic Justice Through Shared Economic Growth
Ownership AND Jobs …
*The Capital Homestead Act
Will:
• Grow The Economy• Balance The Budget• Fix Social Security• Solve The Mortgage
problem• Establish truly free markets
*To Grow The Economy
IncreasedProduction
IncreasedConsumpti
on
Economic Growth
*Economic Growth
“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
* Remove Barriers to Citizen Ownership of Private
Property!
End Retained Earnings
• Corporations - payout profits as dividends
Fund expansion through stock sales
• Expand ownership of corporate stock• Eliminate monopoly on ownership by 1%
*Remember, It’s All About the
Money!
Gov’t Creates Non Asset Based Money
• 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
Present Capital Formation Perpetuates Monopoly
• 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.
*Increase Productive
Capacity
Productive Credit for Business and Industry
• The Fed to discount paper for Fed member banks on loans to CHA’s
• Banks accept capital loan applications • Risk insurance substitutes for collateral
*Increase Consumer Spending
Create a “two-tiered,” credit system
• Tier one – non-productive consumer & gov’t credit• Tier two – productive capital credit
Capital Homestead Accounts (CHA)
• 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
*Fair & Simplified Tax Policy
Simplified Single Rate Tax Above Exemptions
• $30,000 deduction for adults• $20,000 deduction for all dependents• Single Tax Rate Based Upon government budget
NO Double Tax
• No tax on corporations on dividends paid out• Taxes paid by recipient
No Tax on Estate if distributed
• Tax Recipients over $1 Million in inheritance
*Some Things to Remember
*“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
Center For Economic and Social Justice