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VT COMMON ASSETS TRUST FUND (S.44) CREATING A “PUBLIC EQUITY FIRM” Dec. 11, 2007

VT COMMON ASSETS TRUST FUND (S.44) CREATING A “PUBLIC EQUITY FIRM” Dec. 11, 2007 G. Flomenhoft, Amos Baer, Patrick Wood. WHO OWNS WHAT?. Interest payments. 6%. Private Equity Firms. Private Equity Firm Assets: $1 Trillion. “HIGHEST RETURN TO EXISTING WEALTH” FRANCES M. LAPPE.

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VT COMMON ASSETS TRUST FUND (S.44) CREATING A “PUBLIC EQUITY FIRM” Dec. 11, 2007

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  1. VT COMMON ASSETS TRUST FUND (S.44) CREATING A “PUBLIC EQUITY FIRM” Dec. 11, 2007 G. Flomenhoft, Amos Baer, Patrick Wood

  2. WHO OWNS WHAT?

  3. Interest payments

  4. 6%

  5. Private Equity Firms Private Equity Firm Assets: $1 Trillion

  6. “HIGHEST RETURN TO EXISTING WEALTH” FRANCES M. LAPPE Source-Levy Institute

  7. CHOICES TO DEAL WITH INEQUALITY? • STATE SOCIALISM (COMMUNISM) • WELFARE CAPITALISM? ROBIN HOOD (SCANDINAVIA) • COMMON ASSETS TRUSTEESHIP & FREE ENTERPRISE COMMON ASSETS WHAT ARE THEY?

  8. COMMON ASSETS-NATURE

  9. COMMON ASSETS-SOCIAL

  10. ASSAULT ON THE COMMONS

  11. Common Assets Trust Fund Thomas Paine, Agrarian Justice 1797 “Men did not make the earth...it is the value of the improvements only, and not the earth itself, that is individual property...Every proprietor owes to the community a ground rent for the land which he holds.;...from this ground rent...I...propose to create a national fund, out of which there shall be paid to every person...a sum.”

  12. Alaska Model: Alaska Permanent Fund (sub-surface minerals public property)

  13. Alaska Model: Alaska Permanent Fund

  14. BARNES-US Sky-Trust-CAP/TRADE Sky-trust Rent Loop

  15. Capitalism 3.0: US Common Asset Trust

  16. Capitalism 3.0

  17. VT ASSETS-Natural

  18. VT MINERALS-2003 “The meek shall inherit the earth, except for the mineral rights.” -J. Paul Getty

  19. VT FORESTS

  20. VT WATER-2004

  21. VT LAND-2004

  22. VT ASSETS-Social

  23. VT Trust-US AIRWAVES

  24. VT Trust-US AIRWAVES

  25. VT Trust-US AIRWAVES “They used to rob trains in the Old West. Now we rob spectrum.” Senator John McCain, Chairman, Senate Commerce Committee

  26. VT Trust-US AIRWAVES

  27. International Exchange 95% speculation in paper!

  28. VT TRUST-US financial Speculation Current Trading Projected Tax Rate Revenue (Annual Rates) Volume AfterTax Volume (both sides) Stocks $11 trillion $7.3 trillion 0.5% $36.5 billion Government Bonds $41.6 trillion $27.7 trillion 0.1% $27.7 billion Corporate Bonds $22.1 trillion $14.7 trillion 0.1% $14.7 billion Futures Contracts $100 trillion $66.7 trillion 0.02% $13.3 billion Currency $200 trillion $133.3 trillion 0.1% $33.3 billion (worldwide) (U.S. share = 25%) Swaps $22 trillion $14.7 trillion 0.02% $2.9 billion Options Not available NA 0.01% NA TotalUS Revenue (.25% RATE)$128.4 billion x .21% Vermont Revenue$268,891,964 Source: Taxing Financial Speculation: Shifting the Tax Burden From Wages to Wagers by Dean Baker. February 2000. Ctre for Economic & Policy Research

  29. WHO CREATES MONEY? (SEIGNORAGE)

  30. FRACTIONAL RESERVE ~3-5% How the Federal reserve system creates a private banking monopoly cartel! PRIVATE BANKING SYSTEM FED RESERVE BANK LOANS $20,000 $20,000 ASSETS $1000 (5% OF $20,000 “on reserve”) PLUS INTEREST! INTEREST $1000 DEPOSIT

  31. VT MONEY CREATION

  32. VT Carbon Emissions 2006 est 6.5 Million metric tons x $30/ton = $195 million (10,172 metric tons from power plants) Source: Data, EIA, State Energy Data System 12-12-07 CCX: $2.10 (voluntary offsets) ECX: €22.52 = $33.08 (mandatory)

  33. VT INTERNET ACCESS Created by Public financing through DARPA. Public deserves a return on their investment: Share of access, not commerce:

  34. VT Common Assets Trust Fund

  35. VT Common Assets TOTAL

  36. COMMON ASSET DIVIDENDS

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