Re: Local Currency Article

[Mbindnerdc@aol.com]

Norm,

It is good that David raised the issue, as it allowed you to bring up 
Homesteading.  If he had not, there would have been no opening to mention 
anything without raising the subject yourself.

While we are on the subject, it would seem to me that a good strategy for 
pursuing capital homesteading would be to identify who in the banking industry 
might support it and begin meeting with them.  Once they see it is in their 
interest, they will sell the Fed.  Currently the financial services industry is 
salivating at the thought of social security privatization.  That is the mark 
you have to hit.  You must show the banks that your proposal is juicier then 
Bush's.

Mike

In a message dated 12/10/2002 1:09:36 PM Eastern Standard Time, "Norman G. 
Kurland" <thirdway@cesj.org> writes:

>In other words, you suggest the ownership group should support ideas that
>perpetuate the wealth gap, rather than focusing on ideas that will close
>that gap.  Popularity and justice do not necessarily coincide.  Any time
>wasted on discussion of the Tobin tax could be used more constructively
>discussing Capital Homesteading and how to make it more popular than the
>Tobin tax.
>
>Norm Kurland
>
>David Spitzley wrote:
>
>> >>> thirdway@cesj.org 12/10/02 11:24AM >>>
>> Why assume that the Tobin Tax is a good idea?  If an informed society
>> can create money for sustainable growth linked to broad-based ownership,
>> why add friction to that process?
>> ---------------------------------------------------
>>
>> Because at the moment Tobin Taxes are much better known than the Fed
>> proposal, and is probably a bit closer to being implementable, and
>> taking a positive step which may eventually become obsolete is
>> preferrable to standing in place.
>>
>> David
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