VT COMMON ASSETS TRUST FUND (S.44)

CREATING A “PUBLIC EQUITY FIRM”

Dec. 11, 2007G. Flomenhoft, Amos Baer, Patrick Wood

WHO OWNS WHAT?

Interest payments

EMPLOYEE STOCK OWNERSHIP

0

5

10

15

20

25

1

% OF EMPLOYEES

Employee Stock Purchase Plan (ESPP)

401K

Stock bonus, deferred profit sharing, etc

Employee Stock Ownership Plan (ESOP)

17%

6%

Private Equity Firms

Private Equity Firm Assets: $1 Trillion

Source-Levy Institute

“HIGHEST RETURN TO EXISTING WEALTH”FRANCES M. LAPPE

CHOICES TO DEAL WITH INEQUALITY?

1. STATE SOCIALISM (COMMUNISM)

2. WELFARE CAPITALISM? ROBIN HOOD(SCANDINAVIA)

3. COMMON ASSETS TRUSTEESHIP & FREE ENTERPRISE

COMMON ASSETS WHAT ARE THEY?

COMMON ASSETS-NATURE

COMMON ASSETS-SOCIAL

ASSAULT ON THE COMMONS

Common Assets Trust Fund

Thomas Paine, Agrarian Justice 1797“Men did not make the earth...it is

the value of the improvements only, and not the earth itself, that is individual property...Every proprietor owes to the community a ground rent for the land which he holds.;...from this ground rent...I...propose to create a national fund, out of which there shall be paid to every person...a sum.”

Alaska Model: Alaska Permanent Fund

(sub-surface minerals public property)

DIVIDENDS

2007 $1654.00

2006 1106.96

2005 845.76

2004 919.84

2003 1107.56

2002 1540.76

2001 1850.28

2000 1963.86

1999 1769.84

1998 1540.88

1997 1296.54

1996 1130.68

1995 990.30

1994 983.90

1993 949.46

1992 915.84

1991 931.34

1990 952.63

1989 873.16

1988 826.93

1987 708.19

1986 556.26

1985 404.00

1984 331.29

1983 386.15

1982 1000.00

Alaska Model: Alaska Permanent Fund

2000 Gini by State

0.000

0.100

0.200

0.300

0.400

0.500

0.600

AlaskaUtah

Wisconsin

New Hampshire

Iowa

VermontIndianaNebraskaMinnesota

Idaho

Wyoming

North Dakota0

Delaware

South Dakota

MarylandMaineHawaiiKansasNevadaMontana

Washington

OregonColoradoMichigan

Ohio

MissouriVirginiaArizona

North CarolinPennsylvaniaSouth Carolina

Oklahoma

Illinois

Rhode Island

ArkansasNew JerseyNew Mexico

Georgia

Massachusetts

Tennessee KentuckyWest Virgini

TexasFloridaCaliforniaAlabama

ConnecticutMississippiLouisianaNew York

DC

Increase in GINI (inequality) 1969-2000

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

45.0%

AlaskaMississippi

South Dakota

Arkansas

North DakotaOklahoma

Florida

New Mexico

VirginiaTennessee KentuckyNebraskaLouisiana

KansasIowa

AlabamaGeorgia

South CarolinaNorth Carolin

MissouriIdaho

MinnesotaHawaiiTexas

VermontArizonaDelaware

Utah

MarylandMontanaColoradoWyoming West Virgini

WisconsinOregon

DC

Washington New Hampshire

NevadaIndianaMaine

California

OhioIllinois

Michigan

Rhode IslandNew Jersey

New YorkPennsylvaniaMassachusetts

Connecticut

Sky-trust

Rent Loop

BARNES-US Sky-Trust-CAP/TRADE

Capitalism 3.0: US Common Asset Trust

Capitalism 3.0

VT ASSETS-Natural

Gemstones $1,000

Sand and gravel, construction

$21,200,000

Stone:

Crushed $22,800,000

Dimension $29,000,000

Talc, crude Not released

Total $73,000,000

Rent 10% $7,300,000

VT MINERALS-2003

“The meek shall inherit the earth, except for the mineral rights.” -J. Paul Getty

VT FORESTS

FORESTS (cords-2002)

791,035

x $50/

Cord =

$39,551,750

x 10%=

$3,955,175

Public Forests

(2004)

$622,371

x10% =

$62,237

VT WATER-2004

WATER

1C/GAL>100 GALS $87,831,410

VT LAND-2004

VT LAND VALUE $14,928,311,688

RENT 1% $149,283,117

VT ASSETS-Social

VT Trust-US AIRWAVES

VT Trust-US AIRWAVES

VT Trust-US AIRWAVES

“They used to rob trains in the Old West.Now we rob spectrum.”Senator John McCain,Chairman, Senate Commerce Committee

VT Trust-US AIRWAVES

TOTAL US SPECTRUM VALUE $771,000,000,000US population 294,712,028VT population 619,107ratio 0.21%VT Value $1,619,653,939

10% RATE 10%ANNUAL RENTAL VALUE $161,965,394

International Exchange

Goods and Services

$30 Trillion/yr

Buying and selling of paper

$1.5-2 Trillion/day

=$500-700T/year

95% speculation in paper!

VT TRUST-US financial Speculation

Current Trading Projected Tax Rate Revenue(Annual Rates) Volume AfterTax Volume (both sides) Stocks $11 trillion $7.3 trillion 0.5% $36.5 billionGovernment Bonds $41.6 trillion $27.7 trillion 0.1% $27.7 billionCorporate Bonds $22.1 trillion $14.7 trillion 0.1% $14.7 billionFutures Contracts $100 trillion $66.7 trillion 0.02% $13.3 billionCurrency $200 trillion $133.3 trillion 0.1% $33.3 billion

(worldwide) (U.S. share = 25%)Swaps $22 trillion $14.7 trillion 0.02% $2.9 billionOptions Not available NA 0.01% NA

Total US Revenue (.25% RATE) $128.4 billionx .21%

Vermont Revenue $268,891,964

Source: Taxing Financial Speculation: Shifting the Tax Burden From Wages to Wagersby Dean Baker. February 2000. Ctre for Economic & Policy Research

WHO CREATES MONEY? (SEIGNORAGE)

GOVT

(CURRENCY)

$600 BILLION 7%

BANKS

(LOANS)

$8 TRILLION 93%

TOTAL $8.6 TRILLION

100%

FRACTIONAL RESERVE ~3-5%

FED RESERVE BANKPRIVATE BANKING SYSTEM

$1000 DEPOSIT

$1000

(5% OF $20,000

“on reserve”)

LOANS

$20,000

$20,000

ASSETS

INTEREST

PLUS INTEREST!

How the Federal reserve system creates a private

banking monopoly cartel!

VT MONEY CREATION

VT BANKS

(LOANS)

$3,574,450,000

1% RATE $35,744,500

VT Carbon Emissions

2006 est 6.5 Million metric tons x $30/ton = $195 million

(10,172 metric tons from power plants)Source: Data, EIA, State Energy Data System

12-12-07

CCX: $2.10 (voluntary offsets)

ECX: €22.52 = $33.08 (mandatory)

VT INTERNET ACCESS

WEB SERVERS AND EMAIL ACCOUNTS?

???????????????

Created by Public financing through DARPA.

Public deserves a return on their investment:

Share of access, not commerce:

VT Common Assets Trust Fund

VT Common Assets TOTAL

MINERALS-10% $7,300,000

PUBLIC FORESTS $62,237

WATER -1c/gallon) $87,831,410

LAND-1% $149,283,117

SPECTRUM-10% $161,965,394

SPECULATION-.25% $268,891,964

MONEY-1% $35,744,500

CO2 $195,000,000

INTERNET ? ???????????

TOTAL $906,078,622

Vermont pop 2006 est 623,908Dividend each $1,452.26

COMMON ASSET DIVIDENDS