Idea for economic reform

[morganist]

Quote from Humpy:

The point is that Europe and the USA are uncompetitive. They have lumbered themselves with high petrol taxes ( because of the greens ), VAT and all the beaurocratic red tape from Brussels. The BRIC countries are taking whole industries and millions of jobs away.

The Govt/fatcats are going to make the best of it though and pocket billions themselves.

Like I said it doesn't matter if you have money it won't mean anything soon.

 

[lg6s]

The point of my idea is to make sure that the US remains competitive economically. Having no minimum wage, a simple tax system, and less bureaucracy would at least revive industry and result in more people working. Having a citizen's dividend would prevent the US from looking like India, with people making $100000 a year living next to people living on a dollar a day. The citizen's dividend would lessen people's dependence on credit and an inefficient government. The citizen's dividend would encourage consumption from the poorest. It would give the start up capital poorest to create small businesses.

 

[Humpy]

Quote from lg6s:

The point of my idea is to make sure that the US remains competitive economically. Having no minimum wage, a simple tax system, and less bureaucracy would at least revive industry and result in more people working. Having a citizen's dividend would prevent the US from looking like India, with people making $100000 a year living next to people living on a dollar a day. The citizen's dividend would lessen people's dependence on credit and an inefficient government. The citizen's dividend would encourage consumption from the poorest. It would give the start up capital poorest to create small businesses.

Giving away the sort of money you are talking about would be hyper inflationary and therefore useless. Sorry to pour cold water on your idea , but it wouldn't do any good and would do a lot of harm to make matters even worse.

 

[4thaugust1932]

Just print up your own money exclusively for your friends/family/community.

 

[Humpy]

Each state could invent it's own money. A New York $ might then equal 2 Californian $s.
Then insist that each state pays it's own way. No bailouts/handouts from the rest.

 

[clightmarathon]

Quote from Humpy:

Each state could invent it's own money. A New York $ might then equal 2 Californian $s.
Then insist that each state pays it's own way. No bailouts/handouts from the rest.

floating rates are needed, and we could trade fx.

 

[morganist]

Quote from Humpy:

Each state could invent it's own money. A New York $ might then equal 2 Californian $s.
Then insist that each state pays it's own way. No bailouts/handouts from the rest.

Some places have done this.

 

[oldtime]

Quote from morganist:

Some places have done this.

the Rothchilds let each family run their own bank in their own region, but if anyone ever got in trouble, all the brothers united to bail him out and more importantly, to crush the competition.

 

[clightmarathon]

Quote from oldtime:

the Rothchilds let each family run their own bank in their own region, but if anyone ever got in trouble, all the brothers united to bail him out and more importantly, to crush the competition.

You would have done the same for your family, wouldn't you?

 

[oldtime]

Quote from clightmarathon:

You would have done the same for your family, wouldn't you?

no kidding, I've bailed them out so many times for the good of the family, and my father had to bail me out a few times (literally) in my wayward youth.