By Kurland N.G., Brohawn D.K., Greaney M.D.
''Over 100 years in the past, Abraham Lincoln signed the dwelling house Act there has been a large distribution of land they usually did not confiscate anyone's already owned land. they didn't take from those that owned and provides to others who didn't personal. we'd like an business abode Act.''Ronald ReaganSpeech to the younger americans for Freedom, July 1974*''Tax coverage on my own will not be sufficient if increased possession is ever to develop into a fact. it sort of feels to me that we'll need to do anything on a financial aspect besides and i'm conversing right here by way of utilizing the govt powers throughout the Federal Reserve financial institution and others to work out to it that loans are made on hand on extra average phrases that aid employees gather capital.''Senator Russell B. Long(Longtime chairman of the Senate Finance Committee and political champion of the worker inventory possession Plan) Keynote deal with at Harvard college, April 17,1982
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Additional resources for Capital Homesteading for Every Citizen: A Just Free Market Solution for Saving Social Security
33 “[I]t is time to accelerate economic growth and production and at the same time broaden the ownership of productive capital. ” In his February 1975 radio broadcast, Mr. Reagan hinted at the global implications of such an expanded ownership strategy when he commented: “Could there be a better answer to . . ”34 Just as Abraham Lincoln through his Homestead Act laid the foundations for America’s industrial preeminence by opening up to all citizens ownership opportunities in the agricultural frontier of the 19th II.
Instead of artificially stimulating aggregate demand and mass purchasing power through easy consumer credit and government tax, spending, and monetary policies (as Keynes believed necessary to clear the markets in periods of over-production), Kelso’s binary economic system would build an expanding productive sector that spreads marketbased job incomes and widespread profit distributions to new as well as current owners. This would allow the law of supply and demand to create directly the private purchasing power needed to clear the market of future capital goods and consumer goods.
Save the Social Security System. Keep existing promises and reduce the growing burden on the Social Security System, by enabling every American to accumulate (through inheritances, gifts, CHAs, ESOPs, IRAs, community investment corporations and other expanded ownership vehicles sheltered from taxes under the “Capital Homestead Exemption”) sufficient wealth-producing assets to provide each person with an adequate and secure taxable income from property, independent of Social Security benefits and incomes from other sources.
Capital Homesteading for Every Citizen: A Just Free Market Solution for Saving Social Security by Kurland N.G., Brohawn D.K., Greaney M.D.