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Update economy.md #634

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commented Apr 10, 2019

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commented Apr 10, 2019

This proposal is open for discussion and voting. If you are a contributor to this repository (and not the proposer), you may vote on whether or not it is accepted.

How to vote

Vote by entering one of the following symbols in a comment on this pull request. Only your last vote will be counted, and you may change your vote at any time until the change is accepted or closed.

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No :negative_squared_cross_mark: -1
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Block 🚫 :no_entry_sign: -1000

Proposals will be accepted and merged once they have a total of 2 points when all votes are counted. Votes will be open for a minimum of 7 days, but will be closed if the proposal is not accepted after 90.

Votes are counted automatically here, and results are set in the merge status checks below.

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@pallan51, if you want to make further changes to this proposal, you can do so by clicking on the pencil icons here. If a change is made to the proposal, no votes cast before that change will be counted, and votes must be recast.

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Improvement made to wage policy

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commented Apr 17, 2019

@pallan51 I'm not sure from that link what the Three Pillars actually are. Can you elaborate?

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commented Apr 17, 2019

@pallan51 I'm not sure from that link what the Three Pillars actually are. Can you elaborate?

National Dividend (ND) - a payment to all citizen-residents, paid for by a tax on the commons

National Income Supplement (NIS) - distributing all income taxes back to income earners, which would allow all income brackets to benefit from each others' success, and amplify their earnings (and underwrite labour costs)

Assisted Savings Program (ASP) - mandatory long-term savings/investment, and distributing all capital gains taxes to ASP accounts, ensuring savers benefit from each others' success, and amplify their savings.

Returning tax revenues to citizens through these programs is enabled by a shift to a form of Land Value Tax (called a ULT) for general revenues and could be an alternative model for a minimum wage and bankrupt paygo pension systems.

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