The Human Race

Your Commonshare of the Commonwealth
Owes you a Dividend.

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We must learn to stop thinking black, white, red or yellow when we think Race. We must think the Human Race.  Only then will we replace Poverty with Prosperity. Only then can competition work in harmony with cooperation.  Only then will the search for prosperity subdue the drive for power.

The Citizen Commonshare of the Commonwealth

Commonwealth Commonshare

"A guaranteed annual income is not a privilege. It should be a right to which every American is entitled. No country as affluent as ours can allow any citizen or his family not to have an adequate diet, not to have adequate housing, not to have adequate health services and not to have adequate educational opportunity — in short, not to be able to have a life with dignity."
http://hubpages.com/politics/basicincome

Tools of economic activity.

If you want to know why Poverty creates chains for the Worker, you must first learn who exercises the power to create [not earn] money Who profits from it the most? 

It is an important piece of the Power structure that allows the Oligarch of Wealth to keep the Middle Class & Poor bound in the chains of Wage Slavery by the use of debt. 

When a Borrower gives a Bank a Promissory Note the Bank creates a Money Account from nothing for the Borrower to spend.  The Debtors create Lien on their future earnings and Bankers keep the profit from the interest charges on the Money created for them.  The Wage-Slave spends his future to secure his present needs and wants.

 

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Taxes are only an Accounting tool.

Taxes should support economic grow

Taxes would be more effective in controlling inflation if they were increased or decreased in ratio to employment levels, productive capacity, and cost of input raw materials. When there is  high unemployment & excess productive capacity there should be low taxes on the Middle-class. When there is low unemployment and stressed productive capacity, taxes should be increased 

 Taxes should never be used to maintain a Budget surplus.  They should only be used to create a stable productive economy by maintaining a stable consumption of Goods & Service. There should be a slight bias toward steadily increasing money supply to  accommodate steady economic growth. 

Money is a government function

The issue of money is a function of the government

1896 – REMARKS OF WILLIAM JENNINGS BRYAN BEFORE DEMOCRATIC NATIONAL CONVENTION, CHICAGO, IL (BRYAN WAS THE DEMOCRATIC PARTY CANDIDATE FOR PRESIDENT)

"We say in our platform that we believe that the right to coin money and issue money is a function of government…Those who are opposed to the proposition tell us that the issue of paper money is a function of the bank and that the government ought to go out of the banking business. I stand with Jefferson...and tell them, as he did, that the issue of money is a function of the government and that the banks should go out of the governing business... When we have restored the money of the Constitution, all other necessary reforms will be possible, and ... until that is done, there is no reform that can be accomplished."

Financing Basic Income Gurantee

No interest Debt

No Interest Debt

The simplest way to fund an "Unconditional Basic Income " is to levy a flat FICA tax on all income (excluding the Basic income ] on both employer and employee. The tax is necessary only to balance the money circulating in the economy with the amount of available skill labor, productive capacity, and raw material. This helps control inflation when the ability to produce goods & service becomes stressed by the scarcity of productive inputs.

The rest of the cost can just be added to the federal debt. That could be financed by the Federal Reserve System with 100 year Bonds at 1% interest. Then the Bonds can be retired from existence with no need for refinancing when they reach maturity.