Oct 9, 2012

Citizen Education: It’s time we realised India’s mineral wealth belongs to its people, not to the politicians | Chetan Bhagat

It’s time we realised India’s mineral wealth belongs to its people, not to the politicians | Chetan Bhagat:
   "The political parties are managers of the nation’s assets, not owners."

It is urgent that citizens have an good education that they are owners of their countries, not just in politician's slogans, but in cold hard cash.

The Alaska model of citizen-ownership democracy has been very well hidden from citizens around the world.

Few people ever heard of this. And even fewer ever dream of getting any income from their citizen wealth. But this is a dream worth dreaming. A citizen-ownership income can eradicate poverty.

In Singapore, a citizen-ownership income is expected to be more than $6000 a year for every citizen. This income will allow individuals to live with dignity.

For a household of 4 members, the expected citizen-ownership income is expected to be more than $26,000 a year. In comparison, there were 240,000 households (26% of total households) who earned less than $24,000 in 2000.

If I may add to the story by Chetan Bhagat, the managers (politicians) are controlling the "huge jewellery shop full of precious ornaments and family treasures", keeping any revenue or profit in the opaque accounts while the family members (citizens) are starving. 

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