On Tuesday 11 Nov 2003 11:29 am, you wrote: > Bill, Prof. Gunning and Other Subscribers: > purchasing power is legitimate. The Federal Government then to instruct > the Reserve Bank TO CREATE AS A CREDIT THE AMOUNT NECESSARY AND APPLY TO A > CONSUMER DISCOUNT OR SUBSIDY SCHEME, STARTING WITH THE BASIC ITEMS IN THE > ECONOMY SUCH AS FOOD, CLOTHING, HOUSING AND TRANSPORT. NO GOVERNMENT PRICE > CONTROL IS NECESSARY, NOR WOULD UNWANTED PRODUCTION BE SUBSIDIZED. > RETAILERS WISHING TO AVAIL THEMSELVES OF REDUCING PRICES TO THEIR CUSTOMERS > BY THE AMOUNT OF DISCOUNT, WOULD BE INVITED TO REGISTER WITH AN APPROPRIATE > GOVERNMENT INSTITUTION, WHICH MIGHT BE CALLED THE 'NATIONAL CREDIT > AUTHORITY' IN EXACTLY THE SAME WAY THAT BUSINESS MEN REGISTER FOR THE > COLLECTION AND PAYMENT OF SALES TAX. GOVERNMENT STAFF SAVED FROM ABOLITION > OF THE SALES TAX COULD BE USED FOR THE DISCOUNT SCHEME. UPON CONSUMERS > INDICATING THE PRODUCTION THEY REQUIRED, THOSE ITEMS CARRYING A DISCOUNT > WOULD BE AUTOMATICALLY REDUCED BY THE AMOUNT OF THE DISCOUNT, THE RETAILER > KEEPING A RECORD AND PERIODICALLY MAKING A CLAIM FOR TOTAL DISCOUNT FROM > THE 'NATIONAL CREDIT AUTHORITY.' THIS WOULD IN ESSENCE BE THE SALES TAX IN > REVERSE--INSTEAD OF PRICES BEING INFLATED, THEY WOULD BE REDUCED." -------------------------------------
I previously made this suggestion to the forum. I think it was not well received! :-) On Wednesday 27 Aug 2003 8:50 pm, Bill wrote: > The National Credit Account carries a balance > available to fund dividends that is estimated to be > the totality of latent productive capacity. With all the national statistics produced monthly, quarterly, yearly, is there a short way by which this figure can be calculated? I would like to piggy-back on existing structures as far as possible. For instance, we have a VAT system which could surely be used to achieve (something of) the just price compensation, simply by reducing, zeroising, or ´negativising´ the rate. This could be done selectively as well, penalising luxury goods and subsidising essential basics. Jessop. ------------------ On Thursday 28 Aug 2003 8:24 pm, William wrote: > It is the reverse of a sales tax > except it is not charged against tax collections but > is charged against the National Credit Account. ------------------- Jessop here:- The National Credit Account could simply pay an amount over to Revenue to replace the loss in Sales Tax or VAT. This entirely avoids setting up a separate delivery system for the Just Price procedure. * * * * * * * * * * * * * * * * * Jessop. --^---------------------------------------------------------------- This email was sent to: [EMAIL PROTECTED] EASY UNSUBSCRIBE click here: http://topica.com/u/?a84IaC.bcVIgP.YXJjaGl2 Or send an email to: [EMAIL PROTECTED] TOPICA - Start your own email discussion group. FREE! http://www.topica.com/partner/tag02/create/index2.html --^----------------------------------------------------------------
