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- The YWC BOND will have twenty-year redemption; with a 3.5% interest rate.
- The 3.5% interest is triple tax exempt.
- The YWC BOND also carries a 10% investment tax credit; the tax credit is separable and saleable.
- If these bonds are given as gifts there is no statutory tax limitation. (The window of opportunity for the non taxable transfer would be 12 months from the first day the YWC BONDS become available for purchase).
How much money must be raised?
The amount of money required to purchase these properties would be based upon how it affects the entire stimulus package. An
interactive financial model has been created demonstrating what the positive financial influence would be for the country. The model
allows the user to play "WHAT IF" by changing the assumptions.
To get a copy of the model send an email to more@yeswecanplan.org...
What are the affects of the YES WE CAN Plan if enacted?
- The real estate market stabilizes, as the REITC purchases the foreclosed properties and issues new mortgages and or becomes the new owner/landlord that rents out these properties. The REITC' takes the glut of foreclosed property off the market and stops the wholesale sale of Americas real estate to foreign speculators
- The REITC becomes the largest real estate owner in the United States with no requirement to sell, thereby, immediately putting a floor under real estate values.
- Millions of American families and small business's are not displaced from their homes and working facilities due to foreclosures.
- States and Municipalities will have their real estate tax base stabilized, thus reducing their deficit in tax collection caused by the foreclosures.
- The YWC BOND is a unique form of bond in as much as repayment of this bond comes from cash generating assets and not tax revenues; therefore, annual deficits and the national debt are not increased by the plan and would in fact be reduced.
- The cash generating assets could produce in excess of 2 plus trillion dollars in positive revenues.
- Millions of sustainable jobs could be paid for by the positive revenue cash generating assets, over the next 5, 10, 20 and 30 years. The creation of millions of new sustainable jobs would annually generate Billions of dollars of Federal Income Tax revenues, Billions of dollars of State Income Tax and Sales Tax revenues and Billions of dollars of Social Security and Medicare Tax revenues.
- The YWC BONDS offers a safe place for the American public to invest their savings and 401K's.
- $100's of Billions of dollars would be pumped into the banking system without increasing the deficit, the national debt, nor nationalizing the banks.
- The YES WE CAN plan is transparent and simple to understand. The war bond was successfully used to help defeat the peril that threatened our nation. We are again threatened. If we are looking to instill confidence in government and the economy, what better tool than a new war bond which allows Americans to help Americans and in turn help themselves?
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