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Economic Democracy and Redistribution of Wealth Quiz

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Economic Democracy and Redistribution of Wealth Quiz

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Questions and Answers

Which term is another name for for-profit Citizens Land Development Cooperatives (CLDCs)?

Community Land Development Corporations (CLDCs)

Community Development Cooperatives (CDCs)

Community Investment Corporations (CICs) (correct)

Community Land Banks (CLBs)

What would be enshrined as a fundamental right of citizenship through the Economic Democracy Act?

Access to healthcare

Access to quality education

Access to affordable housing

Access to capital credit (correct)

How would citizens purchase newly issued shares representing newly added machines and structures?

With interest-free capital credit (correct)

With loans from local banks

With personal savings

With tax-deductible dividends

What are the two main things that produce wealth in today's society?

Land and technology Signup and view all the answers

What is the relationship between economic power and political power, according to the text?

They are closely tied Signup and view all the answers

Why do poor people and most non-property-owning workers have insecure subsistence incomes, according to the text?

Their jobs do not generate much wealth Signup and view all the answers

What is the purpose of the Economic Democracy Act?

To provide every American with equal access to capital ownership Signup and view all the answers

How much could every child born today gain by age 65 under the Economic Democracy Act?

All of the above Signup and view all the answers

What is the alternative proposed in the text that is neither socialism nor capitalism?

A free enterprise economy Signup and view all the answers

How could every citizen gain a capital income and economic power?

By owning shares in companies that use advanced technology Signup and view all the answers