Revision history for taxation

Revision [97648]

Last edited on 2015-09-09 00:53:17 by nick
==[[4-Pillars| Reform: 4-Pillars of the Liberal Awakening]]==----
==== **Economic Reform**====
== [[Economic Freedom|Capitalism]] - [[Capitalism|Banking & Finance]] - [[Taxation]] - [[Borrowing|Government Borrowing]] - [[Free Trade|Free Trade & Competition]]==----

Revision [97642]

Edited on 2015-09-09 00:48:20 by nick
@@[[borrowing|NEXT: Government Borrowing...]]@@
== Government Borrowing==
1) A new law will be brought in that forbids government from borrowing to pay for services (except in exceptional circumstances such as war).
1) All annual spending will have to be met through equivalent revenue raised through excise and taxation.
1) A commitment to pay off the total national debt in 25 years, thus creating a better and more prosperous society for the next generation.
1) To meet this commitment, a surplus of revenue over spending will, therefore, have to occur every year.
1) Government to average a 2% budget surplus on any 7 year period of expenditure.
1) Deliberate deficit spending to be outlawed: protect the next generation.
1) Government debt to be reduced to zero over 25 year period.
1) Freed from having to pay debt interest, a bigger proportion of tax receipts can be used for paying for services (health, education etc).
1) Interventionist policies such as //Keynesian// economic //Pump-priming//, //Monetarist// money supply targets, and //Quantitative Easing// (ie. printing money) will be abolished.
== Restrictions on Free Trade & Competition==
1) Abolish Patent Laws
a) Originally implemented to encourage innovation, it is now mainly used to stifle it and for defensive patents to prevent innovation by competitors.
a) Big companies with access to expensive law firms are using the current laws to intimidate competitors and businesses that use similar technology.
a) Also, big companies intimidate patent offices into granting absurd patents (eg. design of //Tablets// etc).
a) A 1 year 'Use it or lose it' clause to be introduced.

Revision [97640]

The oldest known version of this page was created on 2015-09-09 00:46:58 by nick
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