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The Economic Democracy Act

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Questions and Answers

Under the Economic Democracy Act, how is the per-citizen capital credit allotment determined each year?

By adding the total annual US capital formation increment to the total US population

By dividing the total annual US capital formation increment by the total US population (correct)

By subtracting the total annual US capital formation increment from the total US population

By multiplying the total annual US capital formation increment by the total US population

What does the Economic Democracy Act aim to do?

Take away capital assets from current owners

Enable every citizen to acquire shares in new productive capital (correct)

Increase taxes for every citizen

Provide businesses with loans to produce more goods and services

What type of investments does the Economic Democracy Act provide businesses with?

Government grants

Debt investments

Equity investments (correct)

Venture capital

According to the Economic Democracy Act, what must the enterprise do with the profits earned on the shares purchased by citizens?

Distribute them to the shareholders as dividends Signup and view all the answers

What happens to the Capital Ownership shares as long as they remain in the tax-sheltered Capital Ownership Account?

They are exempt from personal income taxes Signup and view all the answers

What is the purpose of the feasibility analysis conducted before each loan is made?

To evaluate the potential profitability of the enterprise Signup and view all the answers

What happens to the original money created within the Economic Democracy process?

It is cancelled to prevent inflation Signup and view all the answers

The Economic Democracy Act

Choose a study mode

Podcast

Questions and Answers

Under the Economic Democracy Act, how is the per-citizen capital credit allotment determined each year?

What does the Economic Democracy Act aim to do?

What type of investments does the Economic Democracy Act provide businesses with?

According to the Economic Democracy Act, what must the enterprise do with the profits earned on the shares purchased by citizens?

What happens to the Capital Ownership shares as long as they remain in the tax-sheltered Capital Ownership Account?

What is the purpose of the feasibility analysis conducted before each loan is made?

What happens to the original money created within the Economic Democracy process?

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