Re: Local Currency Article

["Norman G. Kurland" <thirdway@cesj.org>]

Good point, Mike.  Local bankers will have to expand their corporate loan 
department and their financial services departments if we can get support for 
channeling Fed-created new money into Capital Homesteading Accounts established 
to enable every man, woman and child to receive $3,000 each annually for buying 
newly issued Capital Homesteading shares, representing around half of the 
annual capital growth pies of the US at current growth rates.

Why don't we shift this discussion to the Monetary Reform Group?

Norm

Mbindnerdc@aol.com wrote:

> 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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> >
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