MK: both fiscal and monetary tools are much too crude to get the job of reform done.
1 – redistribution should only apply to risk, not reward. the wealthier you are – the greater the risks you face. This can be accomplished by recalibrating the underlying market-making functionality of various exchanges, securities, and economies.
2 – a flat tax – for corporations and individuals; 5% local, 5% state, 5% federal – it’s absurd to think that the government would need more than this to operate (this ‘local skew’ would also put more money locally than Federally – and make local politics more interesting than Federal politics – as it should be)
Both 1 and 2 have to be implemented simultaneously. Not separately. Any comments re: my comment have to incorporate both pieces, not just one piece.
Americans are in denial. This is typical of folks who have had the core of their world shattered.
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