The New Physiocratic Platform

Economic Reform

• A shift away from taxes on earned incomes, towards taxes on unearned incomes (land, environment, and negative externalities)
• Return our income tax and magnify our wages through the introduction of a National Income Supplement, which is part of the New Physiocrats “Three Pillars” programs
• Extend the National Income Supplement to include homemakers and the short term unemployed
• Return corporate tax revenues back to business via Sectoral Banks, an automatic mechanism in the New Physiocratic economy
• Return Capital Gains tax back to the markets through Assisted Savings Program (ASP) accounts
• Replace state-pensions with ASP accounts (one of the Three Pillars), to magnify peoples’ savings and investments
• Give all citizen-residents a share in the nation’s prosperity through a National Dividend (one of the Three Pillars)
• Replace minimum wage laws with the New Physiocrats’ Three Pillars programs of direct cash transfers
• Replace an overregulated labor market with maximum flexibility, training, and income security
• Implementation of a Unified Location Tax (ULT) to encourage rapid development with a focus on Basic Essentials and stunning architecture
• Employ powerful incentives to encourage long-term thinking throughout the economy and government
• Introduction of new management incentives to guarantee fair pay from employers
• Democratization of physical and visual space
• Entrench rights to private property and earned income
• Introduce permanent institutions to lead a substantial effort to increase peoples’ purchasing power, by driving down the cost of Basic Essentials
• Achieve self-reliance and broad economic diversification, with the use of Sectoral Banks to channel the necessary funds
• Constitutional fiscal rules on spending and deficits, to minimize public debt and corrupt spending during election periods
• Introduce a constitutional government taxation and spending cap at a percentage of GDP, not including taxes/transfers from the Three Pillars program
• Introduce constitutional limits on state ownership, direct intervention, and bailouts; ensure it’s consigned to the initial phase of introducing the New Physiocratic platform
• Employ a program to maximize the dispersal of labor market information, such as wages and job availability
• Mandate that industry sectors, under Sectoral Banks, each have their own training programs which ensure employment
• Create an employer of last resort, to provide temporary employment in public works when all else fails
• Tax short term capital inflows, with the revenues funding ASP accounts and Sectoral Banks
• Introduce a bill of rights for business, including maximum time limit on registering a business, and protections for private property and against injustice
• Replace both protectionism and unfair trade practices with the New Physiocrats’ Compensatism
• Eliminate planned obsolescence through packaging information, tax incentives, and introducing ratings and awards for durability
• Far-reaching monetary reform to prevent unsustainable debt levels
• Grant the central bank with a wider array of monetary tools, accompanied by more metrics to target
• Protect central bank independence allowing it to meet its new targets without political interference
• Introduce a 30-hour work week, with an official effort to maximize the population’s free time
• Combine the reduced working hours with more flexibility on working times
• Streamline bankruptcy courts and cap wait times for cases
• Introduce the South Korean model of net neutrality and network infrastructure
• Enhance urban density through the ULT
• Prioritize smart grids and cutting edge infrastructure, with targets to minimize commute times and maximize free time for the population
• Limits and targets on regulatory and compliance costs for small business, included in the bill of rights for business
• Introduce targets to maximize the dispersal of information to ensure a functioning market

Political Reform

• Introduce the most comprehensive and effective crackdown on corruption and waste in history, and create permanent institutions to solidify the progress
• Tremendous simplification of bureaucracy and introduction of e-governance to replace the vast majority of paperwork
• Practice the utilization of policies based on empirical evidence, adapting governance policies from other nations achieving the best results
• Give official weight in government institutions to the importance visual space, particularly architecture
• Change to a quadriacameral legislature, which acts as a forum for individuals, economic sectors, and societal sectors to work together to meet the nation’s goals
• Ensure that the interests of long-term thinking and elimination of corruption and waste have significant representation in parliament
• Enshrine the independence of the judiciary into the constitution, as a prerequisite to economic reform

Social Reform

• Official policy to respect and learn from history and tradition
• Complete legalization, regulation, and taxation of drugs and prostitution
• Publicly funded schools with vouchers, where students can choose their school instead of being tied to one district

• Replace summer holidays in schools with a form of national service to gain a sense of exploration as well as locational and social mobility
• Recognize the role of marriage in the current age demographic crisis
• Comprehensive marriage reform to ensure a more lasting union, and with fairness and justice being a top priority
• Recognize the valuable role of those who choose to raise children at home, and expanding the National Income
Supplement to them
• Constitutional respect for free speech, expanding it to all public property including universities / education facilities
• Compensation for infringements on privacy; a tax on big data to contribute to the national dividend
• Immigration policy focused on bringing in those who are needed and desired, rather than clouded by age demographic needs
• Introduce a New Physiocratic “Progress Index” as a new principal metric for success, alongside usual GDP and unemployment measures, complementing the economic reform

• Strong constitutional support for civil liberties