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</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</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'</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</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</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'</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</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</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</p> Signup and view all the answers

    How could the home foreclosure crisis be solved?

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

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