CBAs – Details

Want to end poverty in the US without spending a penny? Here’s how it might happen.

Good news! Your state has been selected in the regional lottery.
Your state will receive 50 billion dollars in a Community Bank Account. That money is never spent but it helps the state in two ways.

1. The INTEREST goes to ending poverty in the state by empowering the poorest areas to improve.
2. The capital is available for LOANS to businesses in that state. This may be further used to end poverty by being limited to small business and personal loans only.

What’s next?
The state will make a list of the main centers of poverty in the state. They will:

1. Determine a level of annual income or less, that defines poverty. 2. Determine the number of communities in poverty, and make a list.
Most likely there will be entire rural counties, and certain neighborhoods in larger towns and cities.
3. Take the first month’s interest on the 50 billion, and give it to the first name on the list. Next month the second name, etc. When you finish with the first round. Start again at the top, and continue forever!
4. The community (rural county, or city neighborhood), takes the interest they receive and spends it to improve the entire community.
5. Before the community gets the money, they should make a plan on how they will spend the money, how they will budget the money they get. This record, plus any receipts for expenditures, can be reviewed by a state committee, to check to see that the money was well spent. If it was not, the state can stop the program for that community. So there are checks and balances.
6. When the poverty line improves across the poorest areas, more communities may be added to the list.

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