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shareholders, but everyone is happy with the arrangement, and no one is in total control.

All this, of course, is what is possible under our current financial institutions. If the U.S. central bank (the Federal Reserve System) and the Internal Revenue Code were to be reformed, much more would be possible, allowing many more people to learn to think rich.

For example, if something like capital homesteading were to be adopted (as described in the book, "Capital Homesteading for Every Citizen"), the financing problem would be solved - every American citizen would have equal and democratic access to the means of acquiring and possessing private property in the means of production. With that, it would be unnecessary to cut consumption in order to save to buy capital, but to borrow newly-created money from the central bank, pay it back with future profits, and thereafter have a "second income," just like every (other) rich person. This is a process called "future savings," or "forced savings," so you're not getting away from the necessity of saving ... just from the necessity of cutting consumption when you don't have to.

Thus, the path to becoming a millionaire is paved with opportunity - but we often have to get organized with others in order to take advantage of those opportunities.

Learn more about this author, Michael Greaney.
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