THE RECAPITALIZATION REGISTER

They ran it into the ground. We recapitalize.

We carve the extraction layer out of every necessity sector, consolidate it into six automated Corps that deliver at cost, and what remains is three hundred and thirty million Americans with a floor under them — the largest discretionary consumer market in history, where the only way to compete is to actually be better.

Where we are

Shelter
4 million
Homes the country did not build over the last fifteen years. About the scale of Los Angeles.
Up for Growth, Housing Underproduction in the U.S., 2023 update, from Census ACS and HUD household-formation data.
Food
15¢
The share of each food dollar that reaches a farm. Fifty years ago, forty.
USDA Economic Research Service, Food Dollar Series, 2022 annual values.
Care
34¢
The share of each hospital dollar that pays for billing and paperwork. At Canadian hospitals, seventeen.
Himmelstein, Campbell, Woolhandler, Health Care Administrative Costs in the United States and Canada, 2017, Annals of Internal Medicine, January 21, 2020.
Road
$13,000
The average American household's annual transportation bill. Its food bill is $9,000.
U.S. Bureau of Labor Statistics, Consumer Expenditure Survey, 2023 annual tables.
School
26%
The pay gap between a public-school teacher and equally educated peers. In 1979 it was six.
Allegretto, The Teacher Pay Penalty Has Hit a New High, Economic Policy Institute, September 17, 2024.
Factory
3 in 10
The share of factories making the active ingredients in American prescription drugs that sit on U.S. soil. The chemistry to make them here no longer exists at scale.
Janet Woodcock, FDA, testimony to the House Energy and Commerce Subcommittee on Health, October 30, 2019.

$20.3 trillion

Available to recapitalize America

Summed from 41 of 229 firms assessed so far — 2,015,801 workers accounted for

The register

One rule. Every name that breaks it.

Enterprise value. Replacement cost of the real assets underneath. Headcount. Extraction premium. Every firm on this register has been assessed. The Fund recapitalizes the assets. The Corps operates the services. The workers transfer. The paper resolves.

The extraction layer is not load-bearing.

The hospitals stay open. The grid stays lit. The trains run. Every worker currently delivering a necessity service continues delivering it — twenty-four months of full pay through the Fund, first-path hiring into the Corps successor, every position accounted for by headcount and payroll. What changes: the financial layer between the service and the citizen is removed. Common equity in firms whose margin comes from that position resolves. Private-equity books built on necessities convert at replacement cost. The physical assets — the buildings, the grid, the rail, the water systems — transfer to the Corps that will operate them. The disruption lands on the paper. Not on the country underneath it. The arithmetic is provable, per firm, from the firm's own filings.

The amendment sets the floor. Below it, necessity services are delivered by the Corps at cost. Above it, the market is open and anyone can compete. The country that comes out of this is not a poorer country. It is a country whose infrastructure works for the people who built it.