Capital Credit and Citizenship
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Questions and Answers

What is a fundamental assumption of CESJ regarding capital credit?

  • It is only accessible to high-income individuals
  • It is only available through traditional banking systems
  • It is a common good and a fundamental human right (correct)
  • It is solely for corporations and not individuals

    • What is the primary goal of using ESOPs according to CESJ?

  • To reduce employee salaries
  • To provide widespread access to capital credit for employees (correct)
  • To increase corporate profits
  • To favor shareholders over employees

    • What is a key characteristic of an ESOP loan?

  • It is repaid through employee salary deductions
  • It is based on the company's credit with repayment from future profits (correct)
  • It is secured by the company's assets
  • It is based on the employee's personal credit

    • What is the purpose of CESJ's credit-diffusing tools beyond ESOPs?

    <p>To open up ownership and profit-sharing opportunities for all citizens</p> Signup and view all the answers

    What is the underlying assumption about credit in CESJ's philosophy?

    <p>Credit is a social creation that requires a society that protects contracts and property rights</p> Signup and view all the answers

    What is a key benefit of a 'JBMSM ESOP' according to CESJ?

    <p>It provides employees with a voice in corporate governance and ownership financing</p> Signup and view all the answers

    What is a major challenge addressed by CESJ's capital credit approach?

    <p>The limited access to capital credit for low- and moderate-income individuals</p> Signup and view all the answers

    What is the ultimate goal of CESJ's capital credit approach?

    <p>To universalize access to capital credit and ownership opportunities</p> Signup and view all the answers

    What is the primary objective of using productive credit?

    <p>To enable citizens to acquire income-producing property</p> Signup and view all the answers

    What is the role of an ESOP in promoting capital credit?

    <p>To enable widespread access to capital credit</p> Signup and view all the answers

    What is the underlying principle of CESJ's approach to credit?

    <p>Credit is a social creation</p> Signup and view all the answers

    What is the benefit of a 'JBMSM ESOP'?

    <p>Employees gain a voice in corporate governance and ownership financing</p> Signup and view all the answers

    What is the goal of CESJ's credit-diffusing tools beyond ESOPs?

    <p>To open up ownership and profit sharing opportunities for every citizen</p> Signup and view all the answers

    What is the underlying assumption about credit in CESJ's philosophy?

    <p>Credit is a social creation</p> Signup and view all the answers

    What is a characteristic of an ESOP loan?

    <p>It is based on the company's credit</p> Signup and view all the answers

    What is the ultimate goal of CESJ's approach to capital credit?

    <p>To enable every citizen to become a direct owner of income-producing capital and technology</p> Signup and view all the answers

    Study Notes

    Capital Credit and Citizenship

    • Most people live from paycheck to paycheck, lacking adequate savings to acquire income-producing property.
    • Intelligent use of productive credit can enable citizens to acquire an income-producing property stake.
    • Credit is a social creation that exists in societies organized to protect contracts and property rights.

    Productive Credit as a Human Right

    • Capital credit is considered a "common good" that should be accessible to all as a fundamental human right.
    • Equal access to productive credit enables "have-nots" to become "haves".

    Employee Stock Ownership Plan (ESOP)

    • ESOP provides widespread and systematic access to capital credit for each employee in a participating company.
    • ESOPs allow employees to gain a voice in corporate governance and a source of ownership financing without reducing their paychecks or savings.
    • ESOP loans are based on the company's credit, with repayment expected from future profits.

    Other Credit-Diffusing Tools

    • Beyond ESOPs, other tools can open up ownership and profit-sharing opportunities for various groups, including consumers, residents, teachers, farm families, homemakers, and more.

    Vehicles for Universalizing Access to Capital Credit and Ownership

    • Capital Ownership Accounts (COAs) create equal access to capital credit for every citizen to become a citizen-owner.
    • Citizens Land Development Cooperatives (CLDCs) enable residents to gain an ownership stake in land development.
    • Homeowners Equity Corporations (HECs) help homeowners save their homes through a lease-to-own arrangement.
    • Consumer Stock Ownership Plans (CSOPs) enable customers to acquire an ownership stake in utilities.
    • Ownership Unions educate and organize citizen-owners to exercise their full ownership rights, powers, and responsibilities.

    Capital Credit and Citizenship

    • Most people live from paycheck to paycheck, lacking adequate savings to acquire income-producing property.
    • Intelligent use of productive credit can enable citizens to acquire an income-producing property stake.
    • Credit is a social creation that exists in societies organized to protect contracts and property rights.

    Productive Credit as a Human Right

    • Capital credit is considered a "common good" that should be accessible to all as a fundamental human right.
    • Equal access to productive credit enables "have-nots" to become "haves".

    Employee Stock Ownership Plan (ESOP)

    • ESOP provides widespread and systematic access to capital credit for each employee in a participating company.
    • ESOPs allow employees to gain a voice in corporate governance and a source of ownership financing without reducing their paychecks or savings.
    • ESOP loans are based on the company's credit, with repayment expected from future profits.

    Other Credit-Diffusing Tools

    • Beyond ESOPs, other tools can open up ownership and profit-sharing opportunities for various groups, including consumers, residents, teachers, farm families, homemakers, and more.

    Vehicles for Universalizing Access to Capital Credit and Ownership

    • Capital Ownership Accounts (COAs) create equal access to capital credit for every citizen to become a citizen-owner.
    • Citizens Land Development Cooperatives (CLDCs) enable residents to gain an ownership stake in land development.
    • Homeowners Equity Corporations (HECs) help homeowners save their homes through a lease-to-own arrangement.
    • Consumer Stock Ownership Plans (CSOPs) enable customers to acquire an ownership stake in utilities.
    • Ownership Unions educate and organize citizen-owners to exercise their full ownership rights, powers, and responsibilities.

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    Description

    Learn about the importance of credit in acquiring income-producing properties and the role of capital credit as a fundamental human right.

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