A HUMAN INVESTMENT TAX CREDIT program designed to generate 6 million jobs. It can also help create 4 million new small
businesses. The Jobs Tax Credit of 1977
included watered down versions of the suggested incentives and still generated
2 million jobs. A recent version is under HUMAN INVESTMENT at www.aesopinstitute.org .
SECOND: SECOND INCOMES. This is a 50 -- 50 Plan, which would enable every individual to acquire a substantial second income, independent of jobs and savings. This could provide half your income -- 50% - by age 50. Initiated by Louis O. Kelso, whose Employee Stock Ownership Plan is used by 11,000 companies. Draft legislation is at SECOND INCOMES on the Aesop Institute website.
THIRD: PRIVATE CAPITAL FOR BUSINESS EXPANSION. Kelso worked with Congress to create large amounts of private capital for business expansion, using a proven financial technique that de-concentrates wealth, thus freeing up the American Spirit of Enterprise, a win-win situation for everybody. See A New, New Deal, on the Aesop Institute website for an update.
FOURTH: CLIMATE READINESS. Accelerate decentralization of Electrical Power Grids. Hurricane Sandy illustrated how inadequately prepared we are for Super Storms of any kind. A case in point, a Solar Super Storm (this is a solar maximum year) could kill 200 million Americans, as well as destroy the nation, in a little recognized potential nuclear disaster. Long blackouts, months in duration, cause nuclear meltdowns. Preventing this nuclear nightmare will kickstart the economy by providing jobs across the national spectrum. 100 million more solar roofs would be a start. If this massive program is begun fast enough, it will both slow Global Warming and create a safer world.