Funding Government

What is the best way to fund government? Today most funding is provided through the Federal income tax, but this tax is not the only option, and it may not be the most efficient option.   According to Budget Director Mick Mulvaney in 2017, “The top 20 percent, pay 95 percent of the taxes.” This means…

What, exactly, is “Capitalism,” and “Ownership”?

Dictionaries usually define “capitalism” as a political/economic system in which individuals or corporations are said to have the right to “own” things and therefore get to decide pricing, production and distribution of goods produced or services rendered. There are three different kinds of ownership: 1. The right to the fruits of one’s own labor  2….

End the Federal Reserve

In 1913, the U.S. Treasury gave our country’s sovereign right to create currency to the Federal Reserve Bank (which is essentially a private commercial entity with little to no oversight from Congress). Prior to 1913, the Federal government had created money itself. These were called Greenbacks. The value of a Greenback fell dramatically during and…

What, exactly, is “Socialism”?

Dictionary definitions of “Socialism” don’t seem to fit the way it’s often used. For example Merriam Webster tells us Socialism is “collective or governmental ownership and administration of the means of production and distribution of goods,” which sounds a lot like Communism.  The term “Socialism” is most often used to describe government support for and…

Voluntarism

A civilized society is concerned with the health and safety of others and takes care of those who cannot take care of themselves, but a civilized society does not force individuals to participate in society.  According to the principle of voluntarism, a government should not, for example, force an individual to buy health insurance, nor…

Public Banking

A public bank is essentially a nonprofit organization, owned by a local, state or federal government that manages its own checking/savings accounts. The Bank of North Dakota, which has been in operation since 1919 with great success, deposits all tax and fee revenue in the state bank and uses it to provide low-cost student loans,…

Sliding Scale Government Fees

Why charge sliding-scale fees for government services such as health care and education?  In the United States we currently have extreme economic disparity that has been caused, at least partially, if not mainly, by government policies.  Tax regulations that benefit interest income earners and capital gains income earners over wage earners contribute to disparity.  The…

Land & Finite Resources Tax

Unlike the value that people create themselves through labor and investment, land and other natural resources (e.g., minerals, old growth forests, airspace, water, fossil fuels) are in some sense owned by all current and future residents of a community. Some argue that these finite natural resources should be taxed, while leaving the capital improvements (buildings,…

Trade Tariffs

When the USA was first formed, income from trade tariffs provided 95% of the funds needed to run government. By the 1915, only 30% of the Federal budget was provided through trade tariffs, and currently only  about 1% of the Federal budget is provided by tariffs. Advocates of trade tariffs say they tend to encourage…

Robbing Peter to pay Paul

Some are against Direct Democracy because they fear that poor people, who outnumber the rich, will vote for more government welfare services for themselves and higher taxes for the rich. Taxes Funding for government activities does not have to be provided by an income tax and was not provided by income tax before 1913. Directly…

Tax on Wall Street

According to Prospect.org, instituting a Financial Speculation Tax could rein in some of the worst excesses of financial markets that too often operate like casinos. By increasing the costs of placing trades, the tax would moderate trading activity generally, but it would most strongly deter short-term trades rather than longer-term investments. Importantly, for example, an…

Volunteer Support for Warfare and Welfare

Partisan groups are often divided over the issue of spending tax dollars on war and spending tax dollars on welfare. What if decisions about going to war, sending weapons, or funding police actions could be made by the people instead of Congress or the President? What if those who voted for war were expected to…