The "ownership society"....What does it mean?

[Francine Frensky]

I keep hearing about this from republicans in my family. "Oh, everything will be great when we have an ownership society".

So what I'm wondering, I guess out of fear because time and again I've noticed bush's "solutions" are always the worst possible choices for the good of mankind, what I'm wondering is if the "ownership society" is a code-name for the economy of the old south. The wealthy land-owners and the slaves/serfs. Does bush want to see wealth only in the hands of the land-owners/wealthy families? Is this a way to make sure the poor never rise up? Will the flat tax and eliminating social security do anything but greatly enrich the investor class at the ultimate expense of the working class??

I live in the south, and I know enough about economics to understand why the south has lagged the rest of the country economically: because of the slave economy of 300 years ago, which was very similar to the feudal economy of old europe (a few wealthy landowners, lots of peasants, and money that stays in families, regardless of merit), and of which southerners were very reluctant to part (even poor southerners are taught early it's best not to rock the boat, say "yes sir/no m'am and respect your elders"). So even after the slaves were gone, the south clung to it's rich family worship/protection.

The slave-owners economy produces stagnant growth, eliminates the incentive for entrepreneurship, and rewards people based on who their daddy was. The rich man's son has no incentive to develop new products, explore new ideas, he has a guaranteed income and has basically the same incentive as a communist (see the Soviet Union).

I don't know, that's just what I think when I hear "ownership society". What is your impression of those words?