steady state economy – jobs for a postgrowth economy
DESCRIPTION
After fossil fuels we need to reinvent the currency and tax system if we want a thriving economy. The GDP growth imperative is over. This describes a method of solving income inequality and restoring the environment in an age of financial contagion. We redesign the national currency to untag labour and tax land and its resources. UBI can be gradually achieved, starting with a small Citizens Dividend from land rates.TRANSCRIPT
The Steady State The Steady State EconomyEconomy
The Steady State The Steady State EconomyEconomy
How to get jobs, leisure and innovation How to get jobs, leisure and innovation
in a post-fossil fuel economyin a post-fossil fuel economyHow to get jobs, leisure and innovation How to get jobs, leisure and innovation
in a post-fossil fuel economyin a post-fossil fuel economy
The Values Party
Founded in 1972 in New Zealand, the world’s first environmental party talked about “near-zero GDP growth”.
Green Party from 1990.
Environment has deteriorated and wealth disparity has widened in the 41 years since the Values Party.
Global connectedness now
A world in crisis
Have we stretched things to the limit?
15
It’s catchy
10
After a certain level of wealth, people don’t get any happier. The widening gap between
rich and the rest hurts all.
(Inequality A New Zealand Crisis ed Max Rashbrooke)
Poverty in New Zealand
economysecurity
A tax system to suit the banks
banks
government
the peoplehouses and other
improvements
landtax labour, sales,
and enterprise
no land tax you tax labour
loans
valueexpressedin interest
bearing debt
laws
less
pu
rch
asi
ng
p
ow
er
tax
paym
en
ts
As landowners gain from rising land prices, wealth is concentrated with landowners and banks.
Each site is given value by...
Site
Government
Local Businesses
Local Government Social
Organisations
Nature
Politicians decide tax, money and welfare
systems
A money system to suit the banks
When banks create money as interest bearing debt
Competitiveness
Growing debt
Wealth concentratio
nInstability
Growth imperative which leads to
habitat destruction
Private money printing
Nathan RothschildNathan Rothschild
““I care not who issues the I care not who issues the laws....”laws....”
Goldman Sachs rules the Goldman Sachs rules the worldworld
Goldman Sachs rules the Goldman Sachs rules the worldworld
The old economy is dead
Text
It’s munted
We mighthave to
start again!
It’s munted!
Reliance on GDPgrowth
53
A glimpse of hope
A good currency circulates like blood
Currency Reform can Currency Reform can bringbring
Currency Reform can Currency Reform can bringbring
Investment in Investment in InnovationInnovation
Investment in Investment in InnovationInnovation
Now that it costs so Now that it costs so much more to much more to
extract one barrel of extract one barrel of oil, we need new oil, we need new
knowledgeknowledge
Reclaiming the Reclaiming the CommonsCommons
Reclaiming the Reclaiming the CommonsCommons
Land and money are Siamese twins
Tax ReformTax ReformTax ReformTax Reform
English Folk poem English Folk poem 17641764
English Folk poem English Folk poem 17641764
They hang the man and flog the They hang the man and flog the womanwomanThat steal the goose from off the That steal the goose from off the commoncommonBut let the greater villain looseBut let the greater villain looseThat steals the common from the That steals the common from the goosegoose
Unearned IncomeUnearned Income
Queen Elizabeth has an
estimated personal net worth
of US$500 million that comes
from property holdings
(Forbes Magazine 2011).
The former CFO of
McDonald's CFO, Harry J.
Sonneborn is often quoted as
having said - "We are not
basically in the food
business. We are in the real
estate business."
Tradeable Tax Credits Tradeable Tax Credits Tradeable Tax Credits Tradeable Tax Credits
Then share this Then share this revenue!revenue!
Then share this Then share this revenue!revenue!
Design the Tradeable Tax Design the Tradeable Tax CreditsCredits
Design the Tradeable Tax Design the Tradeable Tax CreditsCredits
When the land rates are When the land rates are paidpaid
When the land rates are When the land rates are paidpaid
How would you How would you spend it?spend it?
How would you How would you spend it?spend it?
Overseas Overseas trip?trip? New New
property?property?
This is a golden This is a golden goosegoose
This is a golden This is a golden goosegoose
Whoa. I have just Whoa. I have just realised I can turn realised I can turn
this into an ongoing this into an ongoing revenue stream!revenue stream!
Why would I opt in?Why would I opt in?Why would I opt in?Why would I opt in?
What will be the What will be the result?result?
What will be the What will be the result?result?
Spending is Spending is investinginvesting
Spending is Spending is investinginvesting
Home improvementHome improvementHome improvementHome improvement
Can we use Can we use products madeproducts made
in New Zealand?in New Zealand?
But some new businesses But some new businesses might spoil the might spoil the environment environment
But some new businesses But some new businesses might spoil the might spoil the environment environment
Resource taxesResource taxesResource taxesResource taxes
Fully tradeableFully tradeableFully tradeableFully tradeable
How big will land rates How big will land rates be?be?
How big will land rates How big will land rates be?be?
What have you done What have you done here?here?
What have you done What have you done here?here?
Benefits of Citizens Benefits of Citizens DividendDividend
Benefits of Citizens Benefits of Citizens DividendDividend
What is the effect on What is the effect on prices?prices?
What is the effect on What is the effect on prices?prices?
What is the effect on What is the effect on wages?wages?
What is the effect on What is the effect on wages?wages?
Leasehold houses are very Leasehold houses are very much cheapermuch cheaper
Leasehold houses are very Leasehold houses are very much cheapermuch cheaper
But the lease might But the lease might rise!rise!
But the lease might But the lease might rise!rise!
Higher wages + lower prices = Higher wages + lower prices = greater affordabilitygreater affordability
Higher wages + lower prices = Higher wages + lower prices = greater affordabilitygreater affordability
Why have you done Why have you done it?it?
Why have you done Why have you done it?it?
But there is no But there is no saving!saving!
But there is no But there is no saving!saving!
Investment is saving and Investment is saving and
saving is investment.saving is investment.
What about Maori What about Maori land?land?
What about Maori What about Maori land?land?
Are there notes and Are there notes and coins?coins?
Are there notes and Are there notes and coins?coins?
Who is going to opt Who is going to opt in?in?
Who is going to opt Who is going to opt in?in?
The banks won’t like The banks won’t like itit
The banks won’t like The banks won’t like itit
Fundamental monetary Fundamental monetary reformreform
Fundamental monetary Fundamental monetary reformreform
BenefitsBenefitsBenefitsBenefits
Benefits for Benefits for GovernmentGovernmentBenefits for Benefits for GovernmentGovernment
Less tax Less tax
evasionevasion Admin CostsAdmin Costs
A climate bonusA climate bonusA climate bonusA climate bonus
Please join us!Please join us!Please join us!Please join us!