Moses, the great Jewish prophet, outlined the principles of the Year of Jubilee in Leviticus 25. The Year of Jubilee was a Sabbath of Sabbath's (the 7th of seven sabbatical cycles). It was a cultural and economic reset year, during which slaves and indentured servants were freed, loans were forgiven, and property was returned to its original owners.
In our day, many of the poor and even the middle class are the functional equivalent of slaves and indentured servants, without hope of achieving independence because of the oppressive economic conditions. Most citizens are debtors, as well, when we include mortgages. Therefore we can achieve the benefits of the Year of Jubilee by forgiving debts (up to $300,000, for reasons we explain in detail elsewhere).
Returning property to its original owners is problematic because the original owners, the Native Americans, had no concept of "owning" land. For that matter, they themselves were immigrants, albeit at a much earlier time than the European colonists. Because we have centuries of "ownership," the only way to accomplish this objective of the Year of Jubilee is to do a complete reset. We will inventory all real estate and allocate it to all adult U.S. citizens on a per capita basis. After extensive negotiations with various interest groups, we've reached an agreement that the most equitable way to do this will be to count each year of age as 1 unit, up to the age at which the citizen begins drawing Social Security. Beyond that age, every additional year represents the loss of two units.
Securities, intellectual property, and other forms of ownership are also inventoried and allocated along the same principles.
Personal items, including tools, are not inventoried or allocated.
Sample Jewish scripture:
The year of the Lord’s favor (Isaiah 61: 1-4):
1 The Spirit of the Lord GOD is upon me, because the LORD has anointed me to bring good news to the poor; he has sent me to bind up the brokenhearted, to proclaim liberty to the captives, and the opening of the prison to those who are bound;
2 to proclaim the year of the LORD's favor, and the day of vengeance of our God; to comfort all who mourn;
3 to grant to those who mourn in Zion--to give them a beautiful headdress instead of ashes, the oil of gladness instead of mourning, the garment of praise instead of a faint spirit; that they may be called oaks of righteousness, the planting of the LORD, that he may be glorified.
4 They shall build up the ancient ruins; they shall raise up the former devastations; they shall repair the ruined cities, the devastations of many generations.