Alaska Dispatch News: Letters to the editor, Charles E. Duncan, November 15, 2016

Alaska Dispatch News: Letters to the editor, Charles E. Duncan, November 15, 2016

Some post-election suggestions

Now that we know who won the election, we must clearly identify what must be done to ensure the survival of our state and nation:

Extract financial derivatives out of our FDIC-insured banking system using the standards set by the 1933 Glass-Steagall Act and the 1936 Commodity Exchange Act.

Create federal, state, municipal and port authority bonds, grants and shares for infrastructure, productive capacity, science and education — leveraged through a new discount window at the United States Federal Reserve and leveraged through a new Alaska State Bank.

Demand that the proposed 1 percent Wall Street sales tax have a $1 million-per-year exemption for small investors and divide revenue evenly between our federal and state governments to fund Medicare, Medicaid, Social Security, food stamps and other necessary social safety net programs.

Politicians must understand that if they only offer budget cuts without these reforms they will not win the next election.

— Charles E. Duncan
Anchorage

Charles Duncan

Hi I'm Charles E. Duncan. As the primary author of the legislation to create the Alaska State Bank as a development bank. I am using this page to promote the financial instruments in Alaska necessary to access the United States Treasury and Federal Reserve discount windows and special lending facilities.