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Swami's avatar

I assumed Trump’s Freedom Cities was more of an American version of Charter Cities with clean new institutions and regulations. Your focus seems more on housing growth.

A few years ago I commented on a libertarian blog asking why Indian Reservations — with their various exemptions from federal and state regulations — couldn’t be used as a foundation for charter cities. More of a question than an actual suggestion. The libertarians became irate and accused me of literally being a communist. Still not sure why. Only thing I can think of is they saw my idea as a threat to their freedom initiatives in New Hampshire.

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ssri's avatar

Final query: have you ever heard of something called capital homesteading? Or perhaps as the Economic Democracy Act (formerly known as the “Capital Homestead Act”)? I am not entirely sure I understand how this proposal would work, but it seems to involve the government providing some modest contribution to a new born's investment account at birth and the growth/dividends plus yearly additions end up providing a substantial capital base for each new citizen after 20 or more years, for education or retirement or ???. The government's initial capital input is reimbursed after some period and the remaining gains continue to grow.

Sounds like a "something for nothing" scheme and no requirement to demonstrate personal responsibility, but I may be misunderstanding the goal or the means involved.

My original capture of that explanation (in Word) is no longer an active link but these seem to cover the same basic idea, from my search at the Center for Economic and Social Justice web site: https://www.cesj.org/ .

Coalition for Capital Homesteading [2012] https://www.cesj.org/programs/coalition-for-capital-homesteading

Graphic Overview: Financing Green Growth with Capital Ownership Opportunities for Every Citizen [2019] https://www.cesj.org/just-third-way-feature/graphic-overview-financing-green-infrastructure-with-capital-homesteading-for-every-citizen

Capital Credit Insurance and Reinsurance [2015] https://www.cesj.org/learn/economic-democracy-act/capital-credit-insurance-reinsurance

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