How Could Every Citizen Gain a Capital Income and Economic Power?
Today many people, even the poor, can buy on credit consumer items such as cars, TV sets, clothing and homes. However, these purchases are not income-earning property. They can make the borrower even more economically vulnerable. Meanwhile, every year America adds about $2 trillion worth of new productive assets in both the public sector and private sector, or $7,000 for every man, woman, and child. The way we finance these new assets creates few new owners and widens the gap between “haves” and “have-nots.” There is an alternative that is neither socialism nor capitalism. This “just third way” would be a free enterprise economy, generating private sector profits but with ownership of the new growth systematically flowing to every individual citizen. With access to capital credit repayable with the full pre-tax earnings of the capital itself, everyone could gain ownership in America’s expanding technological frontier. We wouldn’t have to take away wealth from those who already own capi
