Interesting guy, Particularly that bit about income tax being a driving force in retarding the exponential growth of higher earners. I do wonder what their analysis of the overall economic effects of those taxes was, as I've heard claims that income tax directly slows down overall economic growth significantly.
That idea of giving youth money directly as an investment is interesting, but would AFAIK devalue currency in total vs existing materiel wealth like real estate or other holdings. It brings up a funky related idea though: incorporating individuals and allowing them to sell off shares of their own future income potential. Under that kind of system the government would pay a fixed over-market amount for a percentage of "shares" in an individual's future lifetime earnings(eg that 150k). Schools could also take that kind of share-swap in lieu of tuition fees, and be more motivated to output better trained and economically viable individuals to insure greater future returns. In theory it would mitigate the current "sell them what they want even/especially if it useless" degrees that have been the more popular options in post-secondary.
He had a good write up in the new statesman, his views are possibly a little bit progressive.
Reduced Income tax big lures investors into countries, allowing them to make more profits, and save even more money. The poor spend virtually everything the earn. Taxing the poor means they have less to spend, and reduces the amount of money in the economy, to buy the goods produced by big investors.
Vague ramblings >
In the UK the last time I checked the income tax threshold was about £12000, before you had to pay tax, this was a long time ago so it might have increased by now. Tax rates were progressively reduced for the super rich many years ago. However I do not recall any multi millionaire merchant bankers investing in manufacturing plants, or creating 1000's of jobs. But if you are trading in the stock markets, and have a tax haven then, you will base your operations there, increased economic turnover in a stock market does not mean an improved economy for all but the super rich who profit by tax cuts.
to your 2nd paragraph is this not the equivalent of indentured labour, which is slavery by any other name. Apparently both were very popular in the Americas not such a long time ago. Many indentured labourers, died still before finishing their indenture-ship and many were also apparently disposed of by greedy employers, without being paid.
Ref the 150000 euros, individuals with wealthy parents receive that anyway. Less wealthy individuals would be able to burn 100 euro notes in front of elderley (over taxed) beggars. Similar to Boris Johnson and his school mates, what laughs they must have. A certain degree of social responsibility might be taught to those recieving the money. Perhaps rather than tying it to enslavement, why not if you get a criminal record before you are due to receive it, you lose the lot. Then if you miss use it, ie by burning it infront of homeless people, then you might also lose the lot.
I don't think we would be able to go back to it but I think the populations that were natives got it right in living off the land and nature and trading with neighbors. Although I understand that would not work this day in age since we have all been spoiled with consumerism.
I think first of all if we got off the Rothschild banking system in which your money is debt and we are all debt slaves would be a good start. After all JFK and Abraham Lincoln did try making their own money and how ironic they were the ones that were murdered. So believe me when I say and you say those who have the money make the rules is the truth. People need to educate themselves on how this system we are now in works so that we are able to kick them out. We pretty much need to figure out how to beat them at their own game. Which honestly I don't think is going to happen. But you never know one day people might say they had enough. Their are billions of us and only a few of them. Once we learn we are the ones with the power the tide or flow will change. Notice currency and current, And current runs between banks. Isn't that interesting and the cash flow?
Depends on your level of consumerism, do you really need a bigger car, or another motor bike. I might be dated, people want smart **** these days dont they, then they sit and message each other at the same table in restaurants.
JFK was around after the federal reserve was set up. I think Lincoln if my american history is vaguely correct wanted a more agrarian society not involving money perhaps based on trade.
There are today basically 4 different types of economies https://www.intellig...s-of-economies/
I wonder if a hybrid version of these could be developed, benefiting from the advantages of each and circumventing the downsides.