Granite Floor Stair Case

Exchange fireworks at the expense of the taxpayer

The rescue package for banks led on Monday, 13.10.2008 of the largest gains of all time. It is easy to put 500 billion euros on the table and thus to start a course fireworks. The good citizens of money thrown after the bad money of the speculators. It is argued with the constraint of a collapse of the financial system. The solution would be a lot easier by a tax on money and to achieve short-term deposits, that is, a progressive taxation M3 money supply. Cash would taxed at 6%, demand deposits with 5%, fixed-term until a year with 3% and assets under three years at 1%. Plants from three years would be exempt. The calculation is as for the current interest rate, merely that it would be a minus interest. This would result in an acceleration of money supply and a long-term perspective when investing money. The cost to taxpayers would be the increased cost money. The revenue would be returned on a per capita reimbursement to the citizens as a flat tax credit. The average taxpayer would not burdened by the tax money. If we compare the bailout with the tax money solution, it would citizens in the first case in the long term with the ruin of the currency € charged in the second case, the costs would be zero. Psychologically, it is of course pleasant to push the bill in the future and avoid the daily discomfort with the money.

Chiemgauer 2007