On Tuesday 18 September 2007 07:37, [EMAIL PROTECTED] wrote: > > If this should ever actually be tried, the rich would get the "1"s and > > the poor would get the "0"s, though. I know, the rich are more deserving. <snip> >where would funding for the central bank come from? The > theory says there would be no expropriation (taxation). <snip> > Secondly, if the loans are interest free, who, but the taxpayers, would pay > the administrative costs of the program.
The literature on the topic suggests that the money be "created", arguing that all modern money is fiat money anyway. Since this money creation is inflationary, the created money deriving its value from the already existing money, the expropriation would be from all those who had money in any amount. > They would, in effect be in charge of picking winners and loosers. The ESOP model is supposedly a form of this. You get ownership credit in some relation to your work. In effect, a pay increase. > The reason Pete has a point with the 1s and 0s is that the rich understand > how to work the system the poor do not So the rich *are* more deserving! -- Regards, Pete http://www.pete-theisen.com/ _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
