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An Alternative Solution (Other Than Taxation), To The Resolution Of Poverty And Unemployment In The Free Market World

Joseph Macaluso

MPRA Paper from University Library of Munich, Germany

Abstract: This paper describes an alternative way (other than taxation) to eliminate poverty and unemployment from the world. This is done by creating a single money worldwide, and letting each government subsidize the economy of each country, through acting as a non-profit venture capital subsidizer, by forward borrowing on the economic growth that such a subsidization will produce through the increase in jobs and consumers created. This creation of wealth by government will be a process similar to the market's process of creating wealth through price fixing.

Keywords: alternative to taxation; taxation; disparity; minimum security level; distribution; wealth (search for similar items in EconPapers)
JEL-codes: A1 A10 H1 H10 H2 H27 P10 P16 (search for similar items in EconPapers)
Date: 2014-01-01, Revised 2014-01-30
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