Proposal for the American Equity Fund and Its Implications

The American Equity Fund is suggested as a way to potentially eliminate other taxes over time. Money would be collected through taxes on companies and privately held land, distributed annually to citizens over 18 in the form of dollars and company shares. This approach aims to empower citizens by allowing them to use the funds for various needs like education, healthcare, or starting a company. By creating a competitive marketplace, pressure would be put on government-funded industries to improve. As the country progresses, citizens would receive increasing benefits from the fund. The proposed tax structure using company shares aligns incentives between companies, investors, and citizens, fostering economic self-determination and reducing poverty. The concept is inspired by Henry George's land value tax proposal from the late 1800s, aimed at creating a system where citizens have a literal stake in the success of their country.