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Update economy.md #634

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wants to merge 1 commit into from
Closed

Update economy.md #634

wants to merge 1 commit into from

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@pallan51
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@pallan51 pallan51 commented Apr 10, 2019

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@openpolitics-bot openpolitics-bot 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.

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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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@pallan51 pallan51 left a comment

Improvement made to wage policy

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@Floppy Floppy 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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@pallan51 pallan51 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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@BEllis BEllis commented Jun 14, 2019

Can we add that to the change?

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@openpolitics-bot openpolitics-bot commented Jul 10, 2019

Closed automatically: maximum age exceeded. Please feel free to resubmit this as a new proposal, but remember you will need to base any new proposal on the current policy text.

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4 participants