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

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?

5. Interest payments

6. 6%

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

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

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

10. COMMON ASSETS-NATURE

11. COMMON ASSETS-SOCIAL

12. ASSAULT ON THE COMMONS

13. 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.”

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

15. Alaska Model: Alaska Permanent Fund

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

19. Capitalism 3.0: US Common Asset Trust

20. Capitalism 3.0

21. VT ASSETS-Natural

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

23. VT FORESTS

24. VT WATER-2004

25. VT LAND-2004

26. VT ASSETS-Social

27. VT Trust-US AIRWAVES

28. VT Trust-US AIRWAVES

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

30. VT Trust-US AIRWAVES

31. International Exchange 95% speculation in paper!

32. 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

33. WHO CREATES MONEY? (SEIGNORAGE)

34. 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

35. VT MONEY CREATION

36. 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)

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

38. VT Common Assets Trust Fund

39. VT Common Assets TOTAL

40. COMMON ASSET DIVIDENDS