E Party Basic Plan for Fighting Poverty
- Teach nations through international organizations to meet basic health, water (safe drinking) and nutrition needs of people.
- Expand 1000X micro finance loans and investments. These loans and investments should be profitable to lenders.
- Expand 1000X+ availability of consumer credit.
- Promote sustainable farming practices.
- Help nations through international organizations to develop their knowledge capital – invest in education.
- Teach nations that the best way to earn funds to pay for infrastructure improvements is to promote entrepreneurship and valued added exports in every way possible.
- Encourage joint ventures between U.S. firms and companies, particularly small companies, in developing countries.
- Set up matching fund programs for investing in small businesses in developing countries.
- Double investments in World Bank and IMF and other useful U.N. Agencies such as the U.N. Children’s Fund.
- Encourage and provide incentives for Americans to give to private charities fighting poverty in the USA and elsewhere.
- Finance paved roads in developing countries.
- Through international agencies ensure anti-malarial programs are implemented including providing bed nets.
- Help developing countries adopt technologies for food production, health, environmental management, sanitation, safe drinking water, renewable and environmentally friendly energy.
- Promote division of labor efficiencies where beneficial.
- Promote modern practices which improve the productivity of individuals and teams.
- Teach entrepreneurship. Provide help in developing business plans. Set up experienced advisory panels.
- Set up stock exchanges for investments in small businesses with little red tape and low cost.
- Promote rule of law and protection of private property rights.
- Promote free trade and free speech.
- Fight corruption.
- Help nations manage inflation.
- Facilitate restructuring of debts.
- Schools, medical clinics, churches, community centers and other institutions in place need to be broadened into gateways through which needy families could pass into multiple services for their multiple problems. Poverty is multi-dimensional.
- A key element is helping the poor start to build assets and wealth. Promoting entrepreneurship is the best tool to assist those with little to accumulate assets and wealth.
- We need to embrace globalization and leverage foreign labor to complement U.S. job creation. The global market is an opportunity not an enemy. More customers mean more opportunities for all Americans. We need to educate U.S. citizens to thrive in the world economy.
- The U.S. must continue to invest in science and technology. They should also embrace recruiting the best and brightest people from anywhere in the world to work in our companies. Talented people will find a way to thrive in the world marketplace. This creates jobs.
- Health insurance must be affordable and must be able to be carried from job to job as well as into self employment. The number one deterrent to a person starting their own business is fear of loss of health insurance coverage.
- The high percentage of unemployment in inner cities, especially amongst youth, is unacceptable. It breeds a continuous cycle of poverty. Here structured teaching of entrepreneurship and micro-loans are essential. Continuous supervision of youth is needed. Job creating businesses must compete with other distractions to engage youth and keep them engaged. There is a place for Government to assist private industry with job creation in inner cities.
- Lifelong education must be the standard for all U.S. citizens, not just the poor, but especially amongst the poor. Parents, teachers, community leaders, churches, police and judges must all work in unison to let youth know that life long education is absolutely expected. Expectations for inner city youth needs to rise. Youth has a tendency to rise to expectations.
- Child care assistance must be provided to those trying to improve their economic status.
- The minimum wage should be indexed to inflation.
- Poor urban areas must be revitalized. People are a product of their environment. No vacant depilated buildings or empty lots. No graffiti and garbage. Buildings should be painted and maintained. Fixing up neighborhoods can be a great public works project that at the same time, can be used to teach valuable working skills.
- We must engage students with creative approaches to keep them in school. We advocate earn while you learn job training programs and career academies in the last years of high school.
- Robert Reich’s Lifetime Learning Tax Credit plan should be expanded and extended to the poorest poor that do not pay taxes in the form of subsidies.
- Job Corps, Youth Services and Conservation Corps should be expanded.
- We must proactively reach out and engage at-risk youth. Private efforts such as the Boys & Girls Clubs, Big Brothers/Big Sisters, The United Way and Harlem Children’s Zone should be supported and expanded.
- Access to capital is essential in building assets. Building assets is essential to break the bond of poverty. We must promote a multitude of creative tools for the poor to acquire assets and build wealth. This includes home ownership, land ownership, stock & bonds ownership and business ownership.
- Assets allow people to plan for and take advantage of opportunity. The key to poverty reduction is to provide more tools for people to take advantage of opportunities that exist in a growing world economy.
- Assets include; financial wealth, tangible property, human capital, social capital, political participation and influence, cultural capital, and natural resources.
- Individual Development Accounts are a great idea to help the poor build assets. Employers that match contributions should be given tax credits.
- Working poor should not be penalized for working, compared to choices in the welfare system when not working.
- By giving people access to capital and allowing people to take ownership of assets, entrepreneurship is encouraged, and the cycle of poverty can be broken.
- Companies should be given incentives to invest in inner cities.
- Microfinancing should be expanded 1000X in every city in America.
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