I wasn't sure if this belonged in the politics or economic forum but as it's about money as much as governance, I decided to stick it here. I'll let a mod decide if it should be moved.
Dimoocracy. Demo, from the Greek word di̱mosionomikós meaning fiscal. In English terms, governance by the consent of the taxed.
Here's how it works in my mind:
An appointed government (the folks doing the appointing being elected but having no legislative power themselves). The government does what it does, collecting taxes, providing for domestic security and a military, making laws, etc.
The tax base is divided into tax sectors. Household, Transportation, Small Business, Corporate and Tax Exempt. 25% (this 25% is standard for all sectors expect Tax Exempt) of the the Household Sector's tax liability goes to supporting the government's security and military responsibilities (police, fire and military), the Transportation Sector pays for infrastructure, the Small Business Sector pays for education, the Corporate Sector pays for the social safety net and the Tax Exempt Sector has no tax liability at all but at the cost of political enfranchisement and the benefits of government services (unless paid for out of pocket). Certain organizations as determined by the government (no different than the current setup) as well as households (never more than 5% of the affected tax base) that chose to give up political power can chose to be tax exempt.
The remaining 75% of the tax liability can, in balk or piecemeal, be allotted to various tax supported programs as the tax payer sees fit ensuring that their taxes are only paid to benefit society and to programs they don't oppose.
Tax liability would be based on total household (not individual, so no income tax, property tax, sales tax, etc.) income and profits (not revenue) for the other sectors. The size of the tax liability would be determined by the government and the government would be expected to provide a budget report with the next fiscal year's projections to the tax payers to ensure that the tax burden doesn't exceed (or fall short of) the government's fiscal needs. Such a budget and tax liability would also be required each year, so no month to month brinkmanship.
Dimoocracy. Demo, from the Greek word di̱mosionomikós meaning fiscal. In English terms, governance by the consent of the taxed.
Here's how it works in my mind:
An appointed government (the folks doing the appointing being elected but having no legislative power themselves). The government does what it does, collecting taxes, providing for domestic security and a military, making laws, etc.
The tax base is divided into tax sectors. Household, Transportation, Small Business, Corporate and Tax Exempt. 25% (this 25% is standard for all sectors expect Tax Exempt) of the the Household Sector's tax liability goes to supporting the government's security and military responsibilities (police, fire and military), the Transportation Sector pays for infrastructure, the Small Business Sector pays for education, the Corporate Sector pays for the social safety net and the Tax Exempt Sector has no tax liability at all but at the cost of political enfranchisement and the benefits of government services (unless paid for out of pocket). Certain organizations as determined by the government (no different than the current setup) as well as households (never more than 5% of the affected tax base) that chose to give up political power can chose to be tax exempt.
The remaining 75% of the tax liability can, in balk or piecemeal, be allotted to various tax supported programs as the tax payer sees fit ensuring that their taxes are only paid to benefit society and to programs they don't oppose.
Tax liability would be based on total household (not individual, so no income tax, property tax, sales tax, etc.) income and profits (not revenue) for the other sectors. The size of the tax liability would be determined by the government and the government would be expected to provide a budget report with the next fiscal year's projections to the tax payers to ensure that the tax burden doesn't exceed (or fall short of) the government's fiscal needs. Such a budget and tax liability would also be required each year, so no month to month brinkmanship.
