The Economic Democracy Act (formerly called the Capital Homestead Act) is based on the Party’s “Just Third Way” philosophy. This philosophy embodies a morality, respect for life and human dignity, and sense of the common good that is more just than socialism (which institutionalizes envy) or capitalism (which institutionalizes greed). Because it is based on changing the system for financing future growth to equalize future ownership opportunities, the Economic Democracy Act will empower poor and middle-income Americans, without redistributing existing wealth from today’s ownership elite.
Through the democratization of the economic system and money power (now controlled by today’s super-rich in partnership with the political elite of both major parties) to all citizens under the Economic Democracy Act (EDA), our political democracy will be strengthened. With a more just foundation, the Unite America Party will attract authentic and responsible leaders to run for offices at all levels. From political independents and frustrated activists of other parties, the Party will seek out leaders who are willing to dedicate their lives to serving, teaching, and empowering others.
The Unite America Party will create, from the bottom up, the political order envisioned by America’s revolutionary founders of “one nation under God, with liberty and justice for all.” In similar fashion Abraham Lincoln, viewing America as “the last best hope of earth,” offered ownership of America’s western lands to property-less citizens through the Homestead Act of 1862.
By combining land grants supported by land grant universities under this Act, our young nation was elevated to the top of the most productive agricultural nations in the world. In turn, our agricultural success freed former farm workers to shift their creative initiatives to industry, commerce, education and research, development of new communities and infrastructure and today’s advanced technology post-industrial frontier.
While the nation’s land frontier is finite, our capital frontier has no known limits. We therefore can open up economic opportunity for all citizens to become owners, without having to take away anyone’s private property rights or current accumulations.