Maximizing Ownership Incentives

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Questions and Answers

What is the purpose of re-writing and simplifying the existing Federal tax system?

  • To stimulate economic growth and jobs (correct)
  • To reduce the budget deficit
  • To eliminate all tax provisions
  • To increase taxes on the rich

What income would be exempt from income or payroll taxes under the proposed tax system?

  • Income up to $30,000 per adult and $20,000 per dependent (correct)
  • Income from labor and capital
  • All income
  • Income over $100,000 for a family of four

What is one of the proposed reforms for inheritance and gift tax?

  • To reinvest unconsumed income in more capital acquisitions (correct)
  • To increase the tax rate on inheritance and gifts
  • To eliminate inheritance and gift tax
  • To encourage multi-generational concentrations of wealth

Which organization proposed the 'Heart of America' Project in St. Louis, Missouri?

<p>Descendants of American Slaves for Economic and Social Justice (A)</p> Signup and view all the answers

What is one of the major objectives of the proposed for-profit Citizens Land Development Cooperatives?

<p>To promote equal citizen access to capital ownership (B)</p> Signup and view all the answers

What does the proposed policy aim to achieve in terms of global currency standards?

<p>To encourage the convening of a 'Bretton Woods Conference' (B)</p> Signup and view all the answers

What are some ways that employees would earn future increases in income?

<p>Through production bonuses, equity accumulations, and profit earnings (B)</p> Signup and view all the answers

What is one of the objectives of the Economic Democracy Act?

<p>To establish ownership unions as the primary institutions for promoting economic justice (A)</p> Signup and view all the answers

What is one potential solution for resolving the conflict between the Palestinians and Israelis?

<p>Establishing a national and global citizen-owned 'Land and Natural Resources Bank' (B)</p> Signup and view all the answers

What is one of the ways mentioned in the text to promote free market solutions for reversing climate change and environmental damage?

<p>Providing low-cost credit and royalty-free licensing for enterprises (D)</p> Signup and view all the answers

What is one way to discourage the transfer of enormous accumulations from one generation to another?

<p>Imposing a one-time, single-rate income tax on every dollar received above a tax-exempt amount (D)</p> Signup and view all the answers

What is the main goal of the Economic Democracy Act?

<p>To shift the Federal Government's role from income redistribution policies to encouraging economic justice through free enterprise growth (A)</p> Signup and view all the answers

How could the home foreclosure crisis be solved?

<p>By applying monthly rents towards debt service (D)</p> Signup and view all the answers

What is one way to offer a more just social contract for workers, according to the text?

<p>Developing a more just social contract for persons employed in the private sector (A)</p> Signup and view all the answers

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