Wednesday, October 8, 2008

My Financial Plan


  1. Pull a Schwarzenegger


    • Veto everything until a balanced budget is signed


  2. Print money to pay down the national debt


    • Pay off 5% a year

    • Yes, I mean print money like a counterfeiter, don't pretend it's a different debt

    • This will cause inflation, which will actually make it less painful to pay off our creditors


  3. End Fractional Reserve Banking


    • Proportional to debt reduction


  4. "Tragedy of the Commons" taxes (sin taxes), and a mildly progressive real estate tax


    • Taxing is hard!


      • What are you willing to discourage?


    • Accounts for "externalizations" - E.G. polluting but not paying for it

    • Discourages large land holdings, t.f. increases small land holdings: house size holdings




Just found the Monetary Reform Act which is very similar.

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