Wisdomics-Gracenomics Regulations

If an enterprise neither raises nor lowers its prices throughout the year they can reduce their corporate income taxes by 1%.

If an enterprise raises its prices without actual additional costs and despite the cost savings Wisdomic-Gracenomics bestowes upon them then, if proven, all additional revenue they may have garnered from such price raises will be taxed at a rate of 100%.

If they raise their prices without actual additional costs and do not profit from such raises they will be taxed an additional 5% for corporate income taxes.

If an enterprise is a serial price raiser without actual additional costs, after the third such raise they will lose their rebate privileges for six months. If they do so a fourth time they will not be able to participate in the discount/rebate policy in perpetuity.

 

Depending upon economic throughput, if it appears that such is raising so fast that it may endanger environmental and ecological stability and sustainability 50% of the increase in purchasing power will be mandated to be used to pay off their debts instead of additional consumption, and if one pays off all of their indebtedness 50% will still be mandated to be saved for one year for later big ticket item purchases. Other sustainability regulations may apply.

Personal and business taxation will be reduced to a rate between 5-10%, and 2% of that will be dedicated to research into environmental cleansing, CO2 reduction and producing more with less resources.

All government costs on all levels will be funded by the new monetary authority, and every effort will be made to keep government services frugal and not for frivolous purposes. Government costs will already be reduced by the elimination and/or efficient running of the welfare, unemployment insurance, social security and taxation bureaucracies, and a bottom up referendum policy for consideration of additional services based on general beneficial impact and how it considers and respects environmental and ecological issues will be implemented to guard against waste etc.

The amount of the universal dividend can eventually become upwardly variable and the percentage of the discount/rebate downwardly for everyday consumer items once the indebtedness levels of the economy have been driven down. The intention is obviously not rampant and ecologically unbalanced consumption. The goal is a guaranteed satisfactory lifestyle of money and leisure and the acculturation of grace as in wisdom and love in action that will lead to a greater mental, emotional, physical and temporal-ecological balance.

Once people have little debt, an abundance of the necessities, positive and constructive purposes and the time for balanced recreation the dividend might need to go up and the discount percentage might need to come down or even be eliminated except for major purchases like autos, homes and other big ticket items. Also, with Finance becoming a public utility the costs of such will necessarily go down greatly due to there no longer being a need to charge interest, and with there not being any need for profit in lending, finance for the big ticket items could be dovetailed into becoming the new ending point for the economic/productive process in a positive way so that even with a diminished discount/rebate for everyday consumer items the 50% discount/rebate policy could still apply to big ticket items in order to continue to reduce both individual and systemic indebtedness.

Of course Finance then being fully functional, any and all productive research on ecological sustainability and conservation of resources and energy even with increased productivity,  would be not only unimpeded, but would of necessity be one of society’s first and last objectives.

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