I. The Economy and the New Monetary Paradigm
The Monetary Paradigm of Debt Only as the sole form and vehicle for the creation and distribution of money has been unchanged for the entire history of human civilization. This has lead to an increasingly uncompetitive economy dominated by the illegitimate business model of for-profit finance and all of its intractable if not seemingly unresolvable problems. This situation will be resolved by the following policies:
A. A 50% Discount/Rebate policy implemented at the point of retail sale where the consumer pays for half of the total costs of production and the retail merchant is credited with the remaining 50% cost by the monetary authority. This will directly implement the new monetary and financial paradigm of Direct and Reciprocal Monetary Gifting by integrating it into the economy at its most significant and potentially powerful cost summing, terminal ending, exiting and terminal factor expression point. It will also end individual monetary scarcity and integrate beneficial price and asset deflation into profit making economic systems hence resolving the long term seeming problem of chronic inflation. With the end of poverty and inflation there will no longer be any reason to send jobs to foreign export platforms and so a rapid re-industrialization in the most efficient and ecologically sane way possible could be pursued with post haste, and the fiscal mega projects necessary to survive the end of the age of petroleum and climate change will also be imminently doable. Finally, it will accomplish the best and most essential economic intentions of both the Democratic and Republican parties, namely economic democracy, a stable and more profitable economic system and so a more unitary and beneficial integration of the self interests of the traditionally opposed political constituencies of labor and management. This imminently possible freeing reality is the primary impetus for the formation of the Integrative Party.
B. A universal dividend payment of $1000/mo. for every citizen 18 years of age and older for life that with the 50% Discount/Rebate policy will enable every adult to purchase $2000/mo. of goods and services. This will virtually end poverty overnight, form the basis for a guaranteed middle class income for every two adult family and that with even part time employment will enable an upper middle class lifestyle.
C. A $100,000 debt jubilee for everyone 22 years of age and older to reduce student loan, mortgage and other personal debt taken on within at least one year from the initiation of this policy. If one has no or little debt a single payment of $25,000 will be awarded. This will lower the level of total personal debt to GDP by a significant number and thus free it from the debt deflation it has suffered from since the run up of debt before the Great Financial Crisis of 2008.
D. A second 50% Discount/Debt Jubilee policy at the point of Loan Signing for all “big ticket” and/or “green” products. This will make the US the first true “ownership economy” and synergize action toward a sustainable and ecologically sane economics.
E. The creation of a non-profit publicly administered national banking and financial system able to loan at 0% interest. For-profit finance is not a legitimate economic business model as it violates the “sanctity” of the summing of cost and price at retail sale. Non-profit finance, however, is legitimate and necessary.
F. Taxation and Regulations: A directly distributive fiat money system that insures prosperity for all and that conquers inflation technically need not tax at all, but that of course would tempt non-compliance and chaos. What is needed is a gracious and gracefully free flowing economy that recognizes that there is no such thing as total freedom in the temporal universe populated by humans who occasionally have intentions other than the Good. Thus it recognizes that real freedom only exists amongst known and agreed upon barriers. The Integrative Party’s paradigm changing policies enable very large reductions to both individual and corporate tax rates and gives the very wealthy a gracious choice to reduce their tax burden on income above a very high level and yet prevents oligarchic accumulation of wealth and income.
Rates 2-10% to $10,000,00/yr. Choice of 70% rate for income above that, or 10% if the individual gives 70% of the total income above $10,000,000 is given to a list of community approved charities and/or investments deemed necessary resolve human and planetary problems.
Post accounting tax rate of 2% of 50% of gross revenue for any corporation that owes no taxes according to a new tax code.
Guidelines for penalties and eventual loss of 50% Discount/Rebate policy for inflating prices despite the cost savings to enterprise of the new monetary and financial paradigm.
Mandatory examination of personal and corporate accounts as opt in rule for consent to receive the rebate aspect of the 50% Discount/Rebate policy.
Elimination of transfer taxation for welfare, unemployment insurance and social security.
New Government Department of Innovation, Competition, Boycotting and The Bully Pulpit.