Commonshare of the Commonwealth

Ownership has cost

The Sovereign Nation owns the land we live on, the wealth beneath it, and the air above.  Private ownership is a privilege that is granted in return for the payment of fees and/or tax on profits earned or for satisfaction gained in the private personal use. The monetary gains by the Sovereign Nation are the commonwealth that belongs to the Sovereign community.  How they are distributed depends on who holds the Power to control distribution. 

The fact that we pay our property tax or lose our property is the proof that private use is a privilege that you must pay for. The right of "Eminent Domain" is additional proof that the Government can take what it needs for the "Common Good" as long as you are compensated for your improvements.

The power to tax personal possessions & monetary wealth is the source of the "commonwealth".  In a democratic nation, all of the people are entitled to a dividend on their Common share of that wealth. I am a strong believer in the Right of every Citizen [rich or poor] to receive their dividend on what they own in common, just as a Corporate shareholder does. If the Dividend is adequately used for the General Welfare of the Citizen, poverty will not be a plague upon the population.

Income offers Choice

Choice is the key to freedom

Ownership of  Property in the Capitalist Economic System for both self-use and for retraction of profit from ownership is hallowed ground.   But property can be reclaimed by the government if taxes are not paid or by  Right of Eminent Domain if it is needed for the common good.  Is ownership therefore only partial and therefore it is a privilege and not a Right?  It is still the cornerstone of unearned income & wealth as opposed to income earned from labor and is the cause wage-slavery.
  
When residential property is owned but not used, the owner would like to have someone to pay for its use. If another person desired the use of that residence and had the resources to rent the unused residence, that renter would do so unless he wanted to be homeless. If that person lacked resources or wages,  he would be homeless. That is the power of ownership over those who have only their labor to obtain life essentials. They can be either trapped in Poverty or forced to be a Wage-Slave to undesirable jobs without the Freedom to choose.

 To ensure Freedom to escape poverty or wage-slavery is to find a way to distribute money to the person who has none. The fairest & simplest solution is to provide an unconditional Basic Income Guarantee to every person [rich or poor] large enough to buy sufficient food, adequate shelter, and effective medical care. It is the simplest solution for distributing basic Goods & Service to every person.

I recommend using the existing Supplemental Security Income [SSI] program without a Means Test of a need in order to distribute. It could be distributed to all with no need for a large Government Bureau-for-Begging that will exercise "Shaming" as a power tool

Keeping Score

Modern Money Theory

No scorekeeper has ever called off a Sports Contest because of running out of numbers. Likewise, no Sovereign Nation with a Sovereign Currency can run out of money.

A score keeper can create all the numbers need to score the game The Federal Reserve Banks have the ability to create unlimited Money. They could finance all Public Debt at zero % interest. Only Congress prevents it by preventing the Fed from direct financing of Original Debt. That is only permitted to a select Group of Representatives from Corporate Banks. The Fed is only permitted to operate in the Open Market.

Unlimited available Money is not the cause of inflation. Limited needed Labor skills, shortage of Productive capacity and/or lack of input materials cause difficulty in production of needed Goods & Service. Shortage of Goods & Service causes inflation.

The Government can authorize creation of just as much money as is needed to accomplish any task. If labor, productive capacity and raw materials are available, the money can be created to accomplish the task without dislocating the stability of its economy.

William Hodge

Universal Basic Income

Common Share of the National Commonwealth  

No one but the Nation owns the land we live on, the wealth beneath it, and the air above. The fact that we pay property tax or lose our Land proves that to privately use the National wealth  is a privilege that you must pay for. The right of "Eminent Domain" is proof that the Government can take what it needs for the "Common Good" as long as you are compensated for your improvements.

The power to tax on possessions and monetary wealth is proof of the existence of the "commonwealth" and all of the people are entitled to a Dividend on their commonshare of that wealth.  I am a strong believer in the Right of ever citizen [Rich or Poor] to receive their Commonwealth Commonshare Dividend, just as a Corporate shareholder does without means testing from the Government "Bureau for Begging". It is the platform for a Universal Basic Income

Raising Money to grow a Nation

 Community Commonwealth Coalition

The Constitution gives Congress 3 ways to raise money to spend on the needs of the Nation.

1. Borrow - that subsidizes Bankers at the expense of Taxpayers.


2. Tax - If done in excess it will create Poverty for the Middle class. The main purpose of taxation is to moderate the amount of Money in circulation to avoid inflation.


3. Create [coin] money - that will not transfer tax money to the Money Changers and will not cause excess inflation if there is sufficient labor, excess productive capacity & input raw materials

The Money that Congress gains by taxation and creation and borrowing is the "Commonwealth" of the Nation.  Part of it should be used to provide sufficient food, adequate shelter, medical care, education, and transportation to each citizen with no "means testing". We do not need a Government "Bureau for Begging" to decide if a citizen is entitled to receive what is theirs by right of Sovereignty.

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Money Has No Limits

Made by Computer

Every time one Political Group wants the Government to spend money to accomplish some program, another Group will claim that we cannot spend the Money because we don't have enough money. We must run the Government like a Business and balance the Budget.

What we can or cannot do has never been limited by a lack of money. There are no limits to money. The Constitution gives the Congress the power to borrow, tax, or to create it.  The Federal Reserve was created by Congress for the purpose of creating all money to be uniform. Before that, the Congress and Abraham Lincoln created Greenbacks to finance the Civil war. The Quantitative Easing [QE] program was made possible by the Federal Reserve having the power to create any amount of Money it needed  It is the failure of Congress to vote to spend what is necessary to grow the Economy. As long as you have sufficient Labor, available Productive Capacity and input  Materials, money can be supplied by the Federal Reserve System at ZERO % interest to accomplish anything we need to grow the Economy.

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Capitalism without Poverty

Universal Basic Income

If Congress used the power it was granted by the Constitution to create & manage the Money supply,there would be no limit on the Federal Budget. The National Government could free the people from bondage of Poverty and still retain the Market Capitalism that rewards exceptional performance

If the National Government created Universal Supplemental Security Income (SSI) above the Poverty level with no "Means Testing" by the Bureau for Begging, there would be sufficient food, adequate Shelter, and effective Medical Care for all. This would eliminate Government Bureau intrusion into everyone's life and the Free Market Capitalism Would continue as is.

We could begin the program by using SSI to provide Medicare for all people age 62 and older. It would be separate from Retirement Social Security. Retirement age people would be able to have Medicare now and wait later for Social Security to draw a larger Social Security check.  The program could expand over time to include younger people as the Economy adjusted to the income Foundation that was being created.

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