The Waterbury Democrat., 1936-10-03

It IS not known by many
 that more than three billion
 dollars worth of checks are
 drawn and cashed each busi-
 ness day i'm prosperous times
 within the United States. PrOb-
 ably more than five billion of
 dollars are used daily through
 out the nation in effecting the
 exchanges of goods and services
 required to conduct the business
 of the land.
 Suppose we elect to use this great source of revenue obtain able from all the people to cre- ate a fund with which to in- crease vastly and stabilize the volume of business done through out the country. THIS BRINGS IN PRINCIPLE NUMBER TWO.
 Government muct assume the function of circulating money uniformly throughout the entire nation, so that buying power may be liberal and sufficient in amount to absorb the full vol- ufne of wealth created by our industrial equipment at ali times. The government should put this buying power out over the nation in payment Of services. A large class of our citizenry must be employed by government con- stant- to buy things and services for themselves and others.
 Obligation to Buy
 There need be no restrictions as to what these citizens buy: only, they should be obligated to buy. We suggest that since there is one class of citizens that can no longer be useful in the direct production of wealth Che ageD, and since they are a very deserv- ing class, having fulfilled their services to the nation, that they be employed to use and dissem- mate newly created wealth through the use of credit fur {, nished by the government, which credit shall, in turn, be furnished the government by all the people through a low rate of tax on all Lnelr expenditures.
 And what a wonderful, what
 glorious civilization is now
 ours for the taking if we are
 wise enough to stop our mad
 scramble for personal advantage
 and learn to cooperate for mu-
 tual advantage!
 Let us begin to think. If this scramble continues, if the race for power and advantage is not checked, then power will inevit- ably accumulate into such few hands and the wealth resulting be so concentrated that distribu- tion cannot follow. Those who have no wealth cannot buy. When a great majority of the people cannot buy, then values disap- pear and those who held the de- fusion that they were wealthy will suddenly find that their possess sions have become worthless.
 Distribution of Wealth
 It is greatly to the advantage of the wealthy as well as the poor that we set up dependable sys- tenn of distribution of the things which constitute wealth. A buyers market must be established and stabilized, through the creation of revolving fund collected from all the people at uniform rate of tax, calculated on the amount of money that the individual spends for goods and services throughout the year.
 Then enough of the money so collected must be ear-marked and immediately returned to channels of trade, whence it came, through governmental agency establish ed to distribute it. We propose that the aged of the land be em- ployed to do this great and im- portant task. In no other way can the old remain useful throughout their declining years in the matter of creating wealth. They must be permitted to buy liberally THE THINGS which they would like to have or to give to others. or to pay literally for the services rendered them by others. In this manner they can become stimulators of wealth pro- duction instead of entering into a vegetative, apologetic, industrial ly useless class; burden and a handicap to others and a shame and humiliation to themselves. Faster Money
 Mankind has for countless gen. erations dreamed of a fair and just civilization in which life would offer security to all who engaged in service, no matter what the service might be. Never until man learned the art of harnessing the powers of na- ture and making those powers work for him had it become pos- sible for this dream to be real ized. The new age of rapid wealth production is here. To &C., cept and encourage this marvel ous age it becomes necessary for us to adjust and re-adapt our dis tributing machinery.
 This machinery is money and credit. Our money is good. We probably have enough of it. But it must be made to move faster. Our credit is good when business is good. Then we must see to it that business is always good, which will be the case when buy ing power is stabilized in accord with our ability to produce. INVITE THE OLD TO SPEND LIBERALLY? DON'T WORRY ABOUT THEIR DOING TT IF GIVEN A CHANGE. COMPEL EVERY INDIVIDUAL IN THE LAND TO HELP PROVIDE THE OLD WITH THEIR BUYING POWER RY TAYYN6s THE I'M.