What is the Capital Homestead Act?
The Capital Homestead Act is a modern version of Lincoln’s Homestead Act of 1862 which offered a piece of the land frontier to many propertyless Americans. Lincoln’s Homestead Act was the most successful economic initiative in America’s history. It laid the foundation for America’s rise as the world’s greatest industrial power. Unfortunately, the land frontier ran out. Most Americans were never given a chance to share in the ownership and profits of our high-tech industrial frontier, which unlike land has no known limits. Capital Homesteading would take nothing away from present owners, but would link every American (including the poorest of the poor) to the profits from sustainable economic growth. Every worker and citizen could gain a share in power over technological progress and the tools and enterprises of modern society. Through widespread ownership all citizens would participate in a more democratic economic process, just as they now participate in the democratic political proce
