This TED-talk proposal uses a creative summary with slide visuals of where we have been and what the future may be. It presents how an Asset Ownership Standard is a Wealth-Building foundation by highlighting the “What is Missing” journey. Note that one of President Washington’s first acts was establishing the Bureau of Measurements and Standards, today known as NIST. The National Institute of Standards and Technology is a federal agency that works with industry and academia to enhance economic security and improve quality of life. Where is an Asset Ownership Standard? We begin with the Mutual Savings Movement of the early 1800s, marked by the first basic savings account legislation that created the Provident Institution for Savings in the Town of Boston on December 29, 1816. Next is the Freedmen Bank 1864-74, established for US Colored Troops to save their military salary and, after emancipation, economic uplift and goals for the future. 100 years ago, the First World Congress on Thrift established World Savings Day on October 31, and the piggy bank became the symbol of saving. Where is an Asset Ownership Standard? The New Deal and the War on Poverty came in rapid succession with safety net programs supported by Tax or Debt funding. The first innovation was a matched Savings program IDA. Second, an easier way to get loans is through Title or Payday models. Yet what has been missing is a lifecycle Asset Ownership Standard using free-market equity accounts with dividend-paying stocks created Prenatal for maximum compounding and Bequeathed at transition and is not an entitlement program supported by Taxes or Debt. This innovation changes outcomes!
How an Asset Ownership Standard is the foundation for Wealth Building and why there is a need for this DEI led solution.
Track
DEI, Ownership and Impact
Format
Brief and Bold (1 Speaker, keynote style)
Speakers
- NameWacinque Amistad Kaizen BeMende
- TitleChief Abundance Consultant and Financial Inclusion officer
- OrganizationKaizenRhino Solutions International L3C
Description
This TED-talk proposal uses a creative summary with slide visuals of where we have been and what the future may be. It presents how an Asset Ownership Standard is a Wealth-Building foundation by highlighting the “What is Missing” journey. Note that one of President Washington’s first acts was establishing the Bureau of Measurements and Standards, today known as NIST. The National Institute of Standards and Technology is a federal agency that works with industry and academia to enhance economic security and improve quality of life. Where is an Asset Ownership Standard? We begin with the Mutual Savings Movement of the early 1800s, marked by the first basic savings account legislation that created the Provident Institution for Savings in the Town of Boston on December 29, 1816. Next is the Freedmen Bank 1864-74, established for US Colored Troops to save their military salary and, after emancipation, economic uplift and goals for the future. 100 years ago, the First World Congress on Thrift established World Savings Day on October 31, and the piggy bank became the symbol of saving. Where is an Asset Ownership Standard? The New Deal and the War on Poverty came in rapid succession with safety net programs supported by Tax or Debt funding. The first innovation was a matched Savings program IDA. Second, an easier way to get loans is through Title or Payday models. Yet what has been missing is a lifecycle Asset Ownership Standard using free-market equity accounts with dividend-paying stocks created Prenatal for maximum compounding and Bequeathed at transition and is not an entitlement program supported by Taxes or Debt. This innovation changes outcomes!
