A NEW ECONOMIC MODEL

A total transformation of the money and tax system is required to address the multiple crises we face. We need a new economic model that works for all Life.

We want a political economy designed to mimic Nature. Centralisation and monocultures are not Nature’s model. In all our policies we try to imitate Nature’s model of organisation.

The economic metamorphosis we propose will move away from tax on work and production towards tax on resource use. Our philosophy is that nobody should profit from owning land. Land location values should be shared, so “owners” of land and other natural monopolies must pay an annual rent to the public for the privilege, instead of paying income tax or rates. People currently have their earned income confiscated by government, while they are praised for getting a windfall gain from sale of their property. This is unacceptable. While we continue to allow the private capture of land value gains, both banks and property owners will benefit and the money supply will have to keep increasing. The gap between land “owners” and the rest will keep widening.

We will change the way money is created. The current interest-bearing debt money system drives the world-devouring engine of perpetual growth, causes growing debt and massive environmental harm. The profit making bank-created money system we live with is a monoculture that causes people to behave competitively in a dog-eat-dog world. We want multiple currencies co-existing. We are suggesting that the country’s national money should be publicly created at community level and the revenues flow from the periphery to central government. There would be a variety of feedback loops involving