IDEAS home Printed from https://ideas.repec.org/h/eme/reanzz/s0190-128120240000043008.html
   My bibliography  Save this book chapter

A Proposal to Eliminate Poverty by Including the Poor as Shareholders in Wealth Producing Companies

In: Health, Money, Commerce, and Wealth

Author

Listed:
  • Sidney M. Greenfield

Abstract

This paper is a proposal to provide for the poor – those earning insufficient incomes to satisfy their needs and the unemployed – by enabling them to acquire dividend-paying (and voting) shares in the companies that produce the goods and services consumed in society. It will be accomplished by: (1) establishing a mortgage loan at birth for every newborn child; (2) the loans will be taken out by each of the major producing companies (plus start-ups) in the names of the children as firms do their annual planning; (3) the amount of the loan will be increased annually when the companies plan for succeeding years; (4) a portfolio of new assets – stocks and bonds – in the companies will be purchased with the funds from the mortgage loan; (5) the loan will be repaid over a period of years from the dividends paid by the companies. Once redeemed, the assets, and their future earnings, will belong to the person in whose name the mortgage loan was established. Should the program include all newborns, rich and poor in the name of fairness, when today's cohort reaches maturity, every member of society will be a shareholder in a variety of wealth producing companies that pay regular dividends. The proposal will not require funds from the government and no additional taxes will have to be raised.

Suggested Citation

  • Sidney M. Greenfield, 2024. "A Proposal to Eliminate Poverty by Including the Poor as Shareholders in Wealth Producing Companies," Research in Economic Anthropology, in: Health, Money, Commerce, and Wealth, volume 43, pages 123-145, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:reanzz:s0190-128120240000043008
    DOI: 10.1108/S0190-128120240000043008
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1108/S0190-128120240000043008/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.emerald.com/insight/content/doi/10.1108/S0190-128120240000043008/full/pdf?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.emerald.com/insight/content/doi/10.1108/S0190-128120240000043008/full/epub?utm_source=repec&utm_medium=feed&utm_campaign=repec&title=10.1108/S0190-128120240000043008
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1108/S0190-128120240000043008?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eme:reanzz:s0190-128120240000043008. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emerald Support (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.