Excellent idea. Its an inverse means of monetary gifting in that it gives agents tax bills back. As monetarily sovereign states do not actually need taxes to fund the government, only to insure compliance with the nation’s hopefully rational policy intentions, a minimal APTT makes perfect sense.
Pair an APTT with the two primary policies in my book on the new monetary paradigm and you not only end inflation forever you do so by implementing what is currently thought to be impossible, namely beneficial price and asset deflation. And all you have to do is utilize double entry bookkeeping’s operation of equal debits and credits that sum to zero which is how all new money is created now anyway…but ONLY in the form of debt. With the new monetary paradigm for the creation and distribution of new money, Monetary Gifting, the price of virtually everything is twice reduced by half. These policies are:
1) a 50% Discount/Rebate policy at point of retail sale and
2) a 50% Gift of interest to the bank on a loan in exchange for a 50% Debt Jubilee to the consumer on the total financed.
In other words the retailer reduces the price of the $500k house to $250k and the monetary authority whether the cenral bank or the treasury rebates the entirety of that $250k back to the merchant so they are made whole on their discount to the consumer. Then at point of loan signing the bank creates $250k and sends it to the merchant so he is made whole on his entire $500k price. Then the banker says: “Okay, in exchange for receiving 50% of the interest we would receive on a $250k note up front as a gift that we can put in our books as profit we are reducing the loan to you Mr. Consumer by 50% to $125k. Voila! The consumer gets a $500k house for a loan of only $125k and every commercial agent still gets their full price. If we can’t sell the benefits of these two policies to every individual and commercial agent…then we better get out of the pundit business. All we really need is a mass movement to broadcast the benefits to the general populace because as Victor Hugo said: “If there is one thing all of the armies of the world cannot resist, it is an idea whose time has come.” That, and as policy #1:
a) doubles both the purchasing power of everyone and hence the potential demand for every enterprise’s goods and services and
b) EVERYONE participates in retail sale….it enlightens the following insight: “Small acts, when multiplied by millions of people, can transform the world” – Howard Zinn.