Integrate the new monetary and financial paradigm of Direct and Reciprocal Monetary Gifting into the economic process with a 50% Discount/Rebate policy at retail sale, a 50% debt jubilee at the point of loan signing and a $1000/mo. universal dividend to everyone 18 years of age and older, and the aligned tax reductions and regulatory program enabled by the above three policies.
Why is this necessary and why does this resolve the recent chaos? Because the recent and future geo-political moves we’re seeing are actually a precursor and reflection of the resource wars we’ll be facing if we don’t get a solid grip on confronting the coming additional costs of climate change that are on top of the already identified, by Michael Hudson and Steve Keen, human civilization long destabilizing effects of the current monetary paradigm of Debt Only as the sole form and vehicle for the creation and distribution of money.
The first two policies terminatedly deal with the current monopoly monetary paradigm and empirically double everyone’s purchasing power while simultaneously doubling the potential demand for every enterprise’s goods and services and also integrating beneficial price and asset deflation into profit making economic systems.
The third policy of a universal dividend for everyone 18 and older enables us to immediately eliminate the taxes for welfare, unemployment insurance and even faze out social security…because if every adult has guaranteed purchasing power of $2000/mo. for their entire adult life ($1000/mo. doubled by the 50% Discount/Rebate policy at retail sale) why do we need the taxes for welfare, unemployment insurance and social security??? Eliminating these taxes that every working person and every enterprise pays unifies the self interests of the traditionally opposed political constituencies of labor vs management and consumer vs business.
Furthermore, ending inflation by integrating beneficial deflation as per above, and understanding that MMT tells us that in a fiat monetary system there is only two valid reason to actually tax at all (to direct social policy and compel/enforce personal and commercial compliance with the law) would enable us to further re-inforce this political integration of opposing self interests and reduce personal and corporate income taxes by at least half with the following two policies: 1) Personal and corporate taxes will be reduced by 50% if an enterprise does not increase their prices unless their total costs (factoring in the cost savings of the above policies) have actually increased and 2) If an enterprise does increase their prices despite the above cost savings and benefits then they will not receive the above 50% tax reductions, they will be taxed at a rate of 100% on any revenue they may have garnered from such increases, and if they persist they will lose their 50% Discount/Rebate benefits.