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#bailout Here's how America could kill two crises with one piece of legislation. Give all the companies asking for bailouts all the money they're asking for. Every penny. Instead of issuing more debt however, buy equity. Purchase ownership in them.
Take that aggregate equity and create a sovereign corporation that issues shares directly to every American citizen and sets up trusts for our children. Require the payment of quarterly dividends to be distributed directly via direct deposit to shareholders.
This way we wouldn't be working for "the man". We'd be the man. Encourage every business enterprise out there to come eat at the trough. Suck on the govt teat and bring the corporate socialism out into the open where we can see it and benefit from it.
Here's the best part. The US could pay reparations to the descendents of the enslaved in America by issuing between ten & thirteen times more shares to their accounts for a time. Since the wealth gained is circulating and has accumulated over time, this compensates for that.
This along with emergency funds during the transition, is a solid bet on American labor and ingenuity, heals historical injustices, and sets us up for everyone to benefit from the successful growth of the economy moving forward. I don't care what you call this plan. Do it.
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