On Wednesday 19 February 2003 21:32, you wrote:
> New System Thoughts
> (Chick Hurst)
---------
Comments from Jessop follow in context.
> First and Foremost: Central Bank must be owned and controlled for the
> people by their government.
JS: Agreed.
-------------------
> 1.. Money is paid into existence from the Central Bank, directly to each
> and every man, woman and child by way of a dividend or minimum standard
> income. (This would allow money to percolate up from the people instead of
> "maybe" trickle down. The money paid into society must be greater than the
> interest charged on loans made by the Banks and Credit Unions on loans
> made.)
JS: There is a huge 'delivery' problem here. Rural people (and even urban
shack-dwellers) do not have ready access to banks or offices of payments.
Cashing cheques is difficult for them. Some solution must be found --
probably payments to be channelled through the local council office.
----------------
>
> 2.. Infrastructure money (roads, schools, government office buildings,
> water and sewer, gas and power, public transit, whatever) is paid into
> existence directly from the Central Bank.
> 3.. Necessary services (education, health care) are paid into existence
> directly from the Central Bank.
> 4.. Emergency relief is paid directly out of the Central Bank.
JS: Agreed.
----------------
>
> 5.. Legislation is passed to prevent price gouging. (This is to prevent
> problems such as the raising of prices on the electrical generators during
> the cleanup after the ice storm in Quebec or for example charging excessive
> amounts for boat services during a flood etc.)
JS: Agreed.
--------------
>
> 6.. Taxation is only be used as a method of extracting from society
> excess cash, so that it does not cause rampant inflation, by taxing cash
> transactions above $1,000 to the amount of .25% (1/4 of 1%). (This may be
> too high or the $1,000 may be too low but it can be adjusted.)
JS: A tax upon the wealthy only is discriminatory and could lead to
resistance; also this will produce its crop of illegitimate 'tax-dodgers.' I
believe a tax should be levelled equally upon every citizen, but that the
poor are then compensated (over-compensated) by, say, the National Dividend.
An equal tax uopn all could be a land tax, but this could seriously harm the
very poor, so I would propose a tax on all primary production so that the
effects filter into the economy at 'ground-level'. At its simplest level this
would be on the basis of, say, 20% of all commercial farming products,
mining, imports, property developments, direct foreign investments. At a more
advanced level (and easier to collect) it could be as a percentage levied on
all new loans from the Central Bank to Commercial Banks (but such loans
should also be free of interest, so that the end-borrower is chargeable only
for the repayment of the tax percentage and the Commercial Bank's permitted
interest rate (mark-up.)
------------
>
> 7.. Governing requirements is be done at the level closest to the people
> for the specific requirements. {Example: Federal system will be
> responsible for the Central Bank, National Defence and/or supplying
> personnel for emergency requirements, etc, and National Systems, Arts and
> Culture. Region (State, Province, Canton or Constituency: will be
> responsible for regional responsibilities, ensuring funding of Schools and
> education, health care, roads, Arts and Culture. Local or Municipal: for
> local affairs, mass transit, sewer and water, electricity and gas,
> libraries, Arts and Culture, etc.}
JS: Agree fully.
-----------------------
>
> 8.. Banks and Credit Unions are all able to operate on the same basis (my
> preference would be that all banks should be co-operatives, owned and
> controlled by the depositors, the same as a Credit Union) and lend money
> for everything that is required in society, homes, vehicles, business, etc.
JS: Agreed.
-------------------
>
> 9.. Freedom of enterprise is be the standard. That is the freedom of all
> forms of business to operate, Private Enterprise, Publicly traded
> Enterprise, Co-operative Enterprise, Partnership Enterprise, and Government
> Enterprise to provide services that are not provided otherwise or to keep
> the other enterprise systems honest.
JS: Agreed.
----------------
>
> 10.. Democracy, for the people, by the people, of the people and with the
> people, is be the form of government, with absolute equality before the law
> and respect for all people regardless of Colour, Religion, Sex or sexual
> orientation, Social Standing and founded on the principles that:
JS: Agree, but one-man-one-vote democracy can really only work at the lowest
level where people can eye-ball each other. After that it is
0ne-delegate-one-vote, except perhaps for a President. In pther words, at the
community level, the citizens present agree on their delagates to the local
council, thereafter delegates form the 'electoral college' to send delegates
to the next higher level, etc..... The citizens retain the right to recall
any one they have delegated from their community. At the local level there
should be one forum, and not meetings of political party candidates.
Political ideologies can attract delegates to a caucus at all levels, but all
voting is done on an idividual basis.
------------
JS: Fully agree with all that follows from here.
> A) The
> individual is the most important factor in organized society, with both
> spiritual and physical potentials and needs and has certain inalienable
> rights and responsibilities within society which must be respected and
> preserved.
> B) The
> major function of a democratic government in organized society is to secure
> for the people the results the people want from the management of their
> public affairs as far as such results are physically possible and morally
> right;
> C) Each
> individual must be secure in the knowledge that he or she is worthy,
> respected, equal and free, and that the freedom to choose one's destiny is
> an inalienable right.
>
> D) Whatever
> is physically possible and desirable and morally right, should be made
> financially possible.
>
> E) All
> forms of Totalitarianism which make the individual subservient to the state
> must be opposed.
> F) The
> values of self-help, self-responsibility, equality, honesty, openness,
> social responsibility, and caring for others.
> 11.. {Keep it simple}
>
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