Hillary Clinton has yet to address the issue of concentrated capital ownership. She, as with the majority of politicians seeking the presidency as well as in the Senate and Congress, are millionaires because they own capital assets. Yet NONE ever advocate to reform the system to empower EVERY citizen to acquire personal capital asset ownership. Hillary Clintons economic proposals only address aspects of the concentrated capital ownership issue––the source of income and wealth inequality. She dances around the periphery and avoids the REAL issue. While the article reports that Hillary Clinton recognizes that “incomes for the bottom 90 percent of the population have not kept up with productivity or per capita GDP growth”. She seems ignorant of the fact that tectonic shifts in the technologies of production are constantly eliminating the necessity for human labor, thereby devaluing the worth of labor in the productive process. Hillary Clinton does endorse “closing corporate tax and inheritance tax loopholes,” but to what extent is not stated. Ideally, ALL such loopholes and subsidies should be closed or eliminated. But Clinton does not say this. Also estate state tax relief,” inheritance and gift taxes should be replaced with a transfer tax that would be imposed on the recipients whose holdings exceeded $1 million, thus encouraging the super-rich to spread out their monopoly-sized estates to all members of their family, friends, servants and workers who helped create their fortunes, teachers, health workers, police, other public servants, military veterans, artists, the poor and the disabled. Based on The Commission On Inclusive Prosperity’s report, a Clinton presidency would focus on Americans who are already employed and not impoverished, but struggling with stagnant incomes and retirement insecurity. largely ignored will be the necessity to empower EVERY citizen, regardless of economic circumstances, to acquire individual ownership of wealth-creating, income-producing capital assets on the basis for which past savings is not required, nor reduction in wages or other incomes and benefits to qualify for insured, interest-free capital credit loans, repayable out of future dividend earning fully paid out from the investment in successful corporations are who are growing the economy. Happily, there is a politically realistic set of policy proposals that respect the private property principles our nation was founded on and takes no property from those who presently own property. The policies are embodied in the agenda of the Just Third Way and in the platform of the Unite America Party, which are open to ANY politician or political party to adopt. The central economic policies in this platform are contained in the proposed Capital Homestead Act. While Hillary Clinton offers us hope that her eyes can be opened and that she would take up and lead the cause, if she did in fact endorse and advocate for the passage of the Capital Homestead Act, this would be a monumental political achievement and would put our nation on the path to inclusive prosperity, inclusive opportunity, and inclusive economic justice. The end result is that citizens would become empowered as owners to meet their own consumption needs and government would become more dependent on economically independent citizens, thus reversing current global trends where all citizens will eventually become dependent for their economic well-being on our only legitimate social monopoly –– the State –– and whatever elite controls the coercive powers of government.
Posted on: Sat, 17 Jan 2015 10:33:52 +0000
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