15 Questions
What did Abraham Lincoln's Homestead Act do?
It gave people the opportunity to earn ownership of land
What is the purpose of a Capital Homestead Act?
To promote justice at both macro- and micro-economic levels
Why would limiting ownership opportunities to finite land and natural resources result in poverty?
Because the population would grow while the wealth remains static
What is the goal of a just tax system?
To encourage economic self-sufficiency for all citizens
What is the advantage of a single-rate tax over a progressive or graduated tax?
It is administratively more efficient
How should inheritance policy be restructured according to the text?
To discourage excessive concentrations of wealth
What are the twin pillars of the economy according to the text?
Universal participation in the ownership of capital resources and full employment of labor resources
What is one way to maximize ownership opportunities for all citizens?
Restructuring Federal Reserve policy and Federal tax policy
What is the goal of the Capital Homestead Act proposed in the text?
To enable every citizen to become economically independent
How much capital credit would be allocated annually to every Capital Homestead Account?
$7,000
What is the potential dividend income a child born in 2008 could receive by the time they reach age 65, according to the text?
Nearly $1.6 million
What are the three components of a national Capital Homesteading program?
Reforming national monetary policy, simplifying the national tax, and reforming inheritance policy
What is the purpose of central banks in relation to money creation?
To create money, which can be either good money linked to productive growth or bad money with no asset backing
What is the main objective of Capital Homesteading reforms?
To free economic growth from past savings and create a domestic source of new asset-backed, interest-free money and expanded bank credit
What is the purpose of a two-tiered interest policy by the central bank under Capital Homesteading?
To distinguish between productive and non-productive uses of credit and link the increase in the money supply to the growth of productive assets
Take this quiz to test your knowledge on tax systems and economic growth. Explore the concept of a just tax system that encourages sustainable wealth-producing assets and economic self-sufficiency. Discover the idea of "Capital Homestead" accumulations and the taxation of consumption incomes.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
