Liberty Dad - a World Without Dictators

I dream of living in ... a World Without Dictators! I'm a Libertarian Paternalist in Slovakia - Freedom with Responsibility - 10% of income into your own Pension; Tax Loans for education, health, housing; now supporting Employment Maximizing Companies!

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User: TomGrey
Name: Tom Grey
Now a libertarian paternalist - progressive Conservative. I want lots of choices for people, with very responsible oriented defaults. Political, smaller gov't oriented, pro- Christian with tolerance and against changes reducing Christian influence.

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Wednesday, 19 November 2008
Gov't Credit/Debit Card - yes

For a fiscal stimulus, the Gov't should offer everybody who filed an income tax form a gov't Credit card.  Starting with a 100% tax rebate of last year's taxes, up to a maximum of $5000. This tax rebate debit would not have to be paid back. However, the maximum debit would be reduced in value monthly, with a promise to rapidly reduce it if the economy begins expanding again.

The Credit Card should offer another $5000 in credit, which would have to be paid back -- but the minimum payment would be $10 plus 10% of income over some minimum (120% of poverty?).  The ARM interest rate would be the Feds Fund rate + 1% =~2% for now.

Let folks pay off other debts as well as buy more stuff from locals.

Posted by: TomGrey at 11/19/08 02:59 | link | comments
economics

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