Archive for the ‘community bank accounts’ Category

CBAs – Details

February 2, 2018

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.

Poverty , The end of

October 5, 2015

This article suggests poverty can be solved in our generation. That’s been something I’ve been saying for some time. See the link to the story and some comments from me after.

“This is the best story in the world today — these projections show us that we are the first generation in human history that can end extreme poverty,” World Bank President Jim Yong Kim said in a press release.

We would all work for a cure if 45 million people had a devastating disease. We would find a cure and help them get well. Think of poverty as the disease.

The cost of one war would be enough capital to generate enough interest to end poverty in the US in a few decades.

CBA’s could end poverty without spending a dime etc.

Photo 2

My Case for Why Ending Poverty Is Good for The Rich

September 17, 2014

My Case for Why Ending Poverty is Good For Rich People

The obvious is that ending poverty helps those in poverty. But does it help the rich? Here are my reasons for why ending poverty would be good for rich people too.

1. Reduces population. Brings it down to sustainable levels

2. Reduces infectious diseases that come out of poverty.

3. Reduces superstition, and leads the entire world to more reasonable solutions for its problems

4. Reduces war and conflicts caused by poverty.

5. Liberates the potential of people in poverty to not only help themselves but help the world

6. Brings the wisdom and talent of the poor into civilization

7. All major religions support getting rid of poverty.

8. Poverty can be eliminated in a way that enriches all economies, without spending a penny.

9. Supports and helps safeguard the environment.

10 Better use of defense spending: ex. $30 billion per year ends world hunger. $737 billion per year is spent on Defense in the US.

We Can End Poverty in Our Lifetime

February 22, 2013

Science has proven that people are happier to give to others than to buy for themselves.  That suggests that if we find a way to end poverty, we will be glad to follow through. Here is one idea. It is followed by two links: 1, science story on how we feel happy when we give, 2. How the money for a US war could end poverty in the US.

Time to End Poverty, Here is the way, Costs Nothing
Let’s collectively end poverty on the planet. What is needed is both a will and a way. The will is up to each person, but the way – a new way built on micro loans – is easy.

1. Set up CBA’s, community bank accounts. A government, or any group of investors, or any interested individual can set it up. They put money into a community bank account, and the interest goes to the community. The capital is never spent. Plus the banks have money to loan to the community.

The money or capital that is invested in the CBA’s is never spent. Thus this doesn’t cost a penny ever.
The interest on the money – that comes in every month forever throughout time – goes to the community. It empowers them to improve their community any positive way they choose. Monthly the neighborhood meets and determines how to best spend the money to resolve the problems of that neighborhood (or community, or small town).
There are checks and balances to make sure they use the money wisely. Depositors can remove their capital if they don’t approve of how the interest is spent by the community. The community must openly show investors months ahead of time, how they will spent their interest to help the community

For any bank to get the large account it must agree to only loan that money to that neighborhood or it will loose the account and the investors can take their money to another bank. Thus benefits are doubled.

Therefore no capital is EVER spent, the INTEREST on the money comes in every month this year, next year, and forever and ever and ever. The interest on the money empowers the community (or county or state or any selected group) to resolve their problems, not with charity – which all hate – but with investments. The account allows the banks to make loans to that area as well. Thus the money becomes twice as much – it generates interest, and it allows the bank cash to loan.


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