General Discussion
In reply to the discussion: Where do you consider yourself on the political spectrum? [View all]Selatius
(20,441 posts)I favor splitting the economy in half: One for the traditional private sector, one for the new co-op sector of the economy.
All business taxes would be eliminated, and in its place, a flat use-tax would be imposed as a percentage of capital an enterprise uses up to maintain operations. The larger the enterprise, the larger nominal value of the tax. Enterprises would maintain depreciation funds to replace value lost as a result of depreciation of equipment, etc. and would be used to replace the equipment with newer equipment.
The tax itself would represent societal ownership of resources. The revenue generated from the tax would be placed into a public bank, with national, regional, state, and local branches. Each branch would receive funds on a per capita basis.
The public bank would be chartered to help start-up, fund, buy-out, and advise workers and enterprises on the establishment of employee-owned enterprises or labor co-ops. Private firms can choose to be bought-out by this bank as well, which would then reorganize the enterprise into a labor co-op and relaunch it.
The hope is that with a large segment of the economy dominated by labor co-ops, workers would then have the true freedom to join a labor co-op and collectively enjoy the fruits of their labor or sell their labor to a traditional enterprise for whatever wage they can get from their employer. Labor co-ops and private enterprises would be competing with each other to deliver products and services to people at a price the market would choose.
This is basically the broad blueprint of the idea. It's stylized and simplified for easy understanding, but it's built upon several workable ideas that were already tried in other countries.