Yanis Varoufakis and his ‘Another Now,’

In my blueprint, central banks provide every adult with a free bank account into which a fixed stipend (called universal basic dividend) is credited monthly. As everyone uses their central bank account to make domestic payments, most of the money minted by the central bank is transferred within its ledger. Additionally, the central bank grants all newborns a trust fund, to be used when they grow up.

People receive two types of income: the dividends credited into their central bank account and earnings from working in a corpo-syndicalist company (mending corporate law so as to turn every employee into an equal though not equally remunerated partner)  Neither are taxed, as there are no income or sales taxes. Instead, two types of taxes fund the government: a 5% tax on the raw revenues of the corpo-syndicalist firms; and proceeds from leasing land (which belongs in its entirety to the community) for private, time-limited, use.
[John Lewis meets Henry George?]

All trade and all money movements between different monetary jurisdictions (eg the UK and the eurozone or the US) are denominated in a new digital accounting unit, called the Kosmos. If the Kosmos value of a country’s imports exceeds its exports, it is charged a levy in proportion to the trade deficit. But, equally, if a country’s exports exceed its imports, it is also charged the levy. Another levy is charged to a country’s Kosmos account whenever too much money moves too quickly out of, or into, the country – a surge levy of sorts that taxes the speculative money movements that do such damage to developing countries. All these levies end up as direct green investments in the global south.

https://www.theguardian.com/books/2020/sep/04/yanis-varoufakis-capitalism-isnt-working-heres-an-alternative

• This topic was modified 4 years, 2 months ago by PartisanZ.