How about we start with the self-evident. America can't have a genuine political majority rules system (an administration of individuals, by individuals, and for individuals) when such a lot of abundance/power is packed in the possession of scarcely any to the detriment of so many. At the point when the 1% possesses and controls the US House of Representatives, the Senate, the Presidency, state governing bodies, and the media, the lawmakers can guarantee that we have a vote based system. Yet, we don't. We have an American theocracy – an administration of individuals, by the affluent and for the rich. In the expressions of Mark Twain, "It's simpler to trick the majority than to persuade them that they're being tricked."
Regardless, the abundance hole between the wealthy and the less wealthy in America has been developing consistently since 1980. It hasn't made a difference whether the Democrats were in charge or the Republicans were in charge. Riches/influence has gotten increasingly thought (vote based system has been consistently contracting) for somewhere around forty years. The issue is presently as awful or more terrible than it was in the 1920's the point at which the economy in a real sense imploded under a fundamentally the same as irregularity.
All things considered, on the off chance that we neglect to methodicallly DECONCENTRATE abundance/power in America, a real political majority rules system is unthinkable. Furthermore, coincidentally, concentrated abundance is concentrated abundance whether it's in the possession of the private area (the 1%) or the public area (the public authority). All in all, the inquiry turns out to be how might we methodicallly deconcentrate America's riches/influence so a real political popular government is financially upheld? In light of that inquiry, look at the accompanying situation and think about the conceivable outcomes.
$4 Trillion Dollars Annually…
By and large, the American economy delivers about $4,000,000,000,000 (yes that is 4 trillion dollars) worth of new, useful capital resources every year. That converts into $12,000 for each man, lady, and kid in America. In any case, as a rule, the recipients of this anticipated yearly development are restricted to individuals who can bear to buy these abundance delivering capital resources that record for our country's yearly development.
All the more explicitly, we're discussing under 10% of Americans who have the way to make the most of these generally unsurprising chances, and 90% who come up short on the chance to partake. Hence, we presently have a 21st-century abundance hole that is more extensive and more poisonous than any time since the securities exchange crash of 1929 and the Great Depression which continued afterward.
To exacerbate the situation, this was the case some time before the current pandemic-arranged financial emergency raised its monstrous head. In light of millions of laborers losing their salaries and medical services because of the infection, the Federal government expanded joblessness benefits for a while, and gave alleged "upgrade checks" to a great many individuals with an end goal to falsely kick off request and to keep the boat of state from sinking into blankness.
Unpalatable But Necessary Steps
In making these unpalatable yet fundamental strides the public authority has essentially expanded the generally gigantic obligation load, which implies it's a present moment, not a drawn out arrangement. The expectation obviously is to misleadingly revive request, which thusly ought to reproduce occupations, get we individuals back to work, and lead us all back to where we were before the infection struck.
The issue is that, even before the infection struck, we individuals were not in an excellent spot. Indeed, even before the infection emitted over portion of Americans were living check to check, incapable to manage a $500 hindrance without getting cash to pay for it. Things are drastically more awful than they were 16 months prior. Be that as it may, the spot we were is as yet not the spot to which we individuals are yearning to return. Anyway, how would we be able to respond?
The $4 Trillion Dollar Idea That Creates No Debt!
Presently how about we review that by and large, the American economy makes $4 trillion dollars-worth of new, abundance delivering capital resources every year. By and by, that converts into about $12,000 yearly for each man, lady, and youngster in America. In any case, the recipients of this yearly marvels are restricted to the individuals who can stand to partake in the possession side of the American economy. What's more, this for the most part prohibits we individuals.
The inquiry I need to raise currently is, how might we ensure the normal American has methodical admittance to the proprietorship side of the economy, where MOST OF THE NEW WEALTH IS BEING GENERATED? How could the regular person access that $4 trillion dollars of useful, financial freedom to produce a subsequent pay, while killing the dread and precariousness that such countless Americans experience the ill effects of in the present staggeringly imbalanced economy?
Think about the Following Possibility…
• What if the Federal Reserve, through nearby banks
• gave $10,000 of FULLY INSURED CAPITAL CREDIT LOANS
• to each and every American resident (man, lady, and kid paying little mind to age, race, sex, religion, sexual direction, or financial status) ANNUALLY
• at ZERO PERCENT INTEREST, and…
• permitted all capital credit advances to be reimbursed through PRE-TAX, FUTURE EARNINGS/DIVIDENDS – NOT FROM PAST SAVINGS
• alongside a specification that these assets must be USED to purchase portions of new and moved capital resources that were anticipated to produce sufficient future benefits to PAY FOR THEMSELVES (they're self-exchanging), and to make unsurprising, balancing out, capital wages for their proprietors?
This methodology, known as ECONOMIC DEMOCRACY (a.k.a. Capital Homesteading) would cost American citizens NOTHING. It makes NO GOVERNMENT DEBT! Also, it makes NO CONSUMER DEBT! Also, instead of government obligation supported cash, each buy would be upheld (collateralized) by guaranteed, useful, private-area resources
Furthermore, it WOULD AVOID INFLATION. All cash made would be immediately sponsored (collateralized) by the full worth of private area resources that residents would get protected credits to buy. Creation and utilization (market interest) would be efficiently adjusted. Residents would really be buying recently gave, full profit payout, casting a ballot portions of organizations that need new capital resources to develop.
What Economic Democracy Will Do However Is…
• Give each American precise admittance to the proprietorship side of the American economy, where the majority of our countries' new abundance is being produced.
• Create a surge of capital pay for all Americans through proprietorship - not work
• END POVERTY… INCLUDING CHILDHOOD POVERTY
• HEAL THE RACIAL DIVIDE which is established in hundreds of years of financial unevenness
• Stabilize everyday life,
• Make it a lot simpler for police to manage their responsibilities by decreasing neediness related wrongdoing,
• Minimize the psychological maladjustment known as GREED that so harms American culture
• Help democratize our unrestricted economy over the long haul,
• Create a large number of new citizens, subsequently DILUTING and REDUCING the TAX BURDEN on the individuals who really make good on charges
• Minimize the developing danger of computerized reasoning in Americas' work market
• Balance the public spending plan,
• And possibly pay off our gigantic and steadily developing public obligation, and so on
At this time of political division and struggle Economic Democracy in a real sense pays all Americans to arrange, simultaneously, in a similar heading, towards similar objectives! It interprets simple political talk, (for example, we're better off together rather than separate) into genuine live, results driven activity!
It Systematically Counteracts Concentrated Wealth/Greed!
After some time, every American resident will collect greater value, more capital pay, and advantage from their interests in a way that solitary the rich can today. As result, the requirement for costly, governmentally upheld social wellbeing net projects like Social Security, Medicare, Medicaid, the lowest pay permitted by law, food stamps, will progressively blur toward the distant horizon. More individuals will actually want to make good on charges, which thus diminishes the weight on those among us who actually settle charges. It checks concentrated riches/eagerness as it bit by bit democratizes America's unrestricted economy!
However This Free Market, Trickle-Up, Non-Socialistic Solution Has Been Totally Ignored!!!
On the off chance that any past organization had executed Economic Democracy, the present COVID 19/Economic emergency would not be such an emergency. We individuals could manage the cost of stay at home and still have adequate pay to climate a significantly less serious tempest. Yet, to date this Copernican unrest in financial matters has been totally disregarded by our chiefs. However at that point, when all else fails, compromise is unavoidable. It's about time we truly think about advancement!
Financial Democracy In Detail
I admit, this critique has been a summed up representation in critical need of more detail. Along these lines, for a full and nitty gritty clarification of how this methodology could be executed, go to CESJ.ORG and look at the idea that Dr. Norman Kurland calls the ECONOMIC DEMOCRACY ACT. It's a brilliant thought whose time is long late. Furthermore, something awesome could really work out as expected as the aftereffect of this horrendous, COVID 19 emergency.
Addendum…
UBI versus Financial Democracy Comparison
Boost checks are viably a transient type of Universal Basic Income (UBI), a thought which has been pushed by among others, previous official cheerful and sequential business visionary Andrew Yang, just as Mark Zuckerberg of Facebook, and Elon Musk of Tesla. Albeit the proposed yearly measure of cash gave ($12,000 every year) is like the Economic Democracy Act, that is the place where the similitude closes. Look at the distinctions.
- Since it issues insured capital credit loans that are paid back via pre-tax future earnings, and can only be used to buy wealth producing capital assets, Economic Democracy creates NO GOVERNMENT DEBT and NO COMSUMER DEBT! UBI and stimulus checks create government debt that will eventually be paid back by we the people (not the 1% who are spectacular at avoiding taxes) in the form of higher taxes.
- Economic Democracy systematically creates universal capital ownership opportunity and access to the means of acquiring wealth producing capital assets. UBI does not.
- Economic Democracy systematically finances predictable and sustainable growth of the economy. UBI does not.
- Economic Democracy systematically enables individual citizens to become economically empowered and liberated through capital ownership. UBI does not.
- Economic Democracy systematically enables citizens to become economically independent of the government. UBI does not.
- Economic Democracy systematically generates mass purchasing power through ever-broadening citizen ownership of income producing capital. UBI does not.
- Economic Democracy systematically creates new owners of advanced technologies and green growth assets UBI does not.
- Economic Democracy systematically creates a growing tax base to pay the costs of government, thereby eliminating deficit spending and eventually paying off the currently massive government debt. UBI does not.
- UBI/Stimulus checks are simple and immediate. That’s their strength.
- Economic Democracy requires some time (probably a full decade) in order for benefits to accumulate. That’s why UBI should start immediately and be phased out over time in favor of Economic Democracy.