1 / 29

VT COMMON ASSETS PERMANENT FUND Dec. 7, 2004 G. Flomenhoft, adjunct faculty UVM MPA program

VT COMMON ASSETS PERMANENT FUND Dec. 7, 2004 G. Flomenhoft, adjunct faculty UVM MPA program. COMMON ASSETS-NATURE. COMMON ASSETS-SOCIAL. ASSAULT ON THE COMMONS. Common Assets Permanent Fund. Thomas Paine, Agrarian Justice 1797

wray
Download Presentation

VT COMMON ASSETS PERMANENT FUND Dec. 7, 2004 G. Flomenhoft, adjunct faculty UVM MPA program

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. VT COMMON ASSETS PERMANENT FUND Dec. 7, 2004 G. Flomenhoft, adjunct faculty UVM MPA program

  2. COMMON ASSETS-NATURE

  3. COMMON ASSETS-SOCIAL

  4. ASSAULT ON THE COMMONS

  5. Common Assets Permanent 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.”

  6. Alaska Model: Alaska Permanent Fund (Share of the commonwealth)

  7. Alaska Model: Alaska Permanent Fund

  8. US Sky-Trust-CAP/TRADE PERMITS Sky-trust Rent Loop

  9. Sky-Trust

  10. Sky-Trust

  11. VT ASSETS-Natural

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

  13. VT FORESTS

  14. VT WATER-2004

  15. VT LAND-2004

  16. VT ASSETS-Social

  17. VT Trust-US AIRWAVES

  18. VT Trust-US AIRWAVES

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

  20. VT Trust-US AIRWAVES

  21. International Exchange 95% speculation in paper!

  22. 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

  23. WHO CREATES MONEY? (SEIGNORAGE)

  24. 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

  25. VT MONEY CREATION

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

  27. VT Common Assets Permanent Fund

  28. VT Common Assets TOTAL

  29. COMMON ASSET DIVIDENDS

More Related