Mint the coin

An essential part of the year of jubilee is forgiveness of economic debts. America’s money IS economic debt, because Congress has allowed for-profit banks to create tens of trillions of dollars in loans which can never be paid back. As a result, interest on the national debt broke $1.1 trillion last year, or more than $14,000 for each family of four.

Donald Trump can slash this wasteful spending by declaring a $47 trillion dividend from the economy, to be paid by the minting of a platinum coin under 31 U.S.C. § 5112(k). After adding $47 trillion in interest-free dollars to our nation’s bank account, the United States can pay off Treasury Securities as they come due instead of borrowing more money.

This dividend belongs to the people of the US, and the surplus must be distributed to citizens as unconditional basic income, empowering people to pay down the $18.1 trillion in household debt. At $20,000 annually for adults, plus $8,000 for children, every American family would be lifted above the poverty line.