In the previous postings we’ve covered how ordinary Poles can own machinery and other forms of man-made capital, but what about the country itself? Is there a way the people of Poland can actually own Poland?
The answer is yes, there are are ways to make certain that every Pole benefits from the development of the country’s natural resources. A “Citizens Land Bank” can be established in which every citizen receives a single, no-cost, non-transferable lifetime share that pays dividends from leasing and resource extraction fees from users of the land, and carries a vote.
The Citizens Land Bank, a for-profit land planning and development corporation, first takes title of all land and natural resources still owned by the government. This should be at no cost, although sometimes in the U.S. similar transactions are carried out at the “cost” of “$1 and other valuable considerations.”
The Citizens Land Bank could borrow money from commercial banks to purchase other land and natural resources from private owners, especially foreign companies, but of course at a fair price. If the owners are not willing to sell, the CLB could either wait until the land is offered for sale, or the government could condemn it, pay a fair price to the owner, and then sell it at the same price to the CLB.
There is also a plan for a “Homeowners Equity Corporation” that would help people combine to purchase homes, but we can discuss that later.
Let me know what you think of these points, especially if you need me to explain any of them. Once you understand the general strategy, it will be easier to convince entrepreneurs, bankers, union leaders and politicians in Poland to meet with me and work with them to design an expanded capital ownership program.
But wait! There’s more!! (And we'll get to it next week. . . .)