Saturday, October 11, 2008

ASP: The American Shareholder Plan

Channeling Barack Obama writes:

The News out of Washington, D.C., Today came from Secretary of the Treasury Henry Paulson. Among other information contained in the Secretary’s report on coming government actions related to the troubled international crisis, one thing stood out:

The American Taxpayer Is about to Become a Major Shareholder in the securities of troubled financial institutions. According to Secretary Paulson, in the appropriate or necessary circumstances, the taxpayers, through the agency of the national government, will receive actual shares of stock in the troubled banks and other institutions.

The Distribution of These Shares was not mentioned in the Secretary’s press conference, but we would like to suggest once again the possibility of an actual distribution of these shares into individual accounts for each individual shareholder.

Under the American Shareholder Plan (“ASP”), accounts can be opened for each American citizen and taxpayer, using the information on record with the Social Security Administration. These shares can then grow in the individual’s ASP account, for a wide range of purposes, such as home purchase, college tuition, health care, or retirement.

So Long as the Shares Are Kept in the ASP Account, their value will not be taxed, and nor will any dividends or other distributions be taxed. Just as with IRAs and Health Savings Accounts and other tax-advantaged investment plans, the ASP beomes the individual’s private investment acocunt, to use as he or she sees fit.

Under the Prospects of the ASP, the American taxpayer, currently bailing out Wall Street with tremendous sums of money, at a time of great financial duress, will stand to benefit completely from the eventual recovery of the financial markets. Whether the companies involved are banks or other types of businesses, the variety of income and capital return that each citizen might earn may eventually compensate the American taxpayers for the economic pain and suffering and risk that is currently underway.

Democratic Candidates Barack Obama and Joe Biden ask for your vote on November 4, 2008. Please help make exciting new programs such as the American Shareholders Program become reality.

[DISCLAIMER: The ASP is not currently endorsed by Barack Obama or Joe Biden, who have not yet read this post.]

Friday, September 19, 2008

Citizen-Shareholder Bail-Out

[DISCLAIMER: The following post is not in any way associated with the Presidential campaign
of Barack Obama and the Vice-Presidential campaign of Senator Joe Biden.]

Channeling Barack Obama writes:

The Proposal to Privatize Social Security made many Americans nervous. The current situation in the financial markets shows why. With the stock market down more than 25%, anyone relying entirely on investments for retirement right now would be facing hard times.

The Financial Institution Bail-Out Gives America a Unique Opportunity. As long as the American people are bailing out the mortgage companies—and the investment companies—and the banks—and the insurance companies—the right thing to do is to compensate the taxpayers for the risk that we are taking on. That’s why an Obama/Biden administration, once each of these companies has been restored to economic good health, can take the bold step of distributing stock shares of these companies to the citizen shareholders

President Barack Obama, if elected, can see to it that each American citizen receives an equal number of shares of stock in that company. Within a short time of balance being restored in the American financial markets, every single American will share in the benefits of stock ownership: regular dividends, as well as the value of the price increase of their shares.

Under an Obama “American Shareholder Plan,” each American will be able to sell his or her stock on the stock exchanges—or deposit it, tax-free, in their own private retirement account.

On Both Sides of the Political Divide, we say that we are eager to work together. Now, challenging times have shown us a way to make this a reality. We can bail out those troubled institutions whose failure threatens us all, while at the same time, we get compensation for the risk that we are taking in these bailouts.

It’s a Win/Win Situation. And under an Obama/Biden presidential administration, that’s the way it’s going to be.

One Nation, Indivisible, with Justice—
and Investments—for All!