this is being persued, albeit in not quite as radical a form or extent;
> 2) moderate inflation 4-6%
ditto
> 3) 20% flat income tax with no deductions, with a high no tax threshold,
say $40,000 annual income
see below
> 4) Mandatory triple pay for overtime
right issue, not necessarily best remedy;
> 5) Constant job levels by location; jobs can be relocated only if equal
> number of jobs are re-created in the original site, coupled with a
> "portable" minimum wage regime. This permits upgrading without shut
> downs.
states can already raise their minimum wages and are being pressed to do so; states and localities have been pressed to legislate against plant closings; in a federal system, it's hard to imagine the latter such measures being set at the national level.
> 6) Negotiate capital/labor ratio by industry. When market
> capitalization increases through rise in share prices, wages and
> compensation will increase to keep c/l ratio constant.
hard or impossible to measure capital
> 7) Equal depreciation allowance for labor as for capital investment.
> Depreciation deductible for income tax purposes.
This plus your previous tax suggestion add up to a flat rate consumption tax, not quite as progressive as Dick Armey's.
cheers,
mbs