User:ThatDudeRightHere: Difference between revisions
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==Economic Views==
===Overview===
Overall, I am a [[File:Cap.png]] [[Capitalism|free-market capitalist]], as I follow the [[File:Chilib.png]] [[Chicagoan Libertarianism|Chicago School]] of economics. However, I also believe that some [[File:Regulationism.png]] regulations are necessary in order to avoid people doing bad stuff in the economy, and to ensure that the [[File:Soc-h.png]] [[Socialism|workers]] and [[File:Cap.png]] [[Capitalism|bosses]] are equal.
===[[File:Welf.png]] Welfare [[File:Socdem.png]]===
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*Recreational substances tax (for alcohol, marijuana, cannabis and other recreational drugs)
*Digital services tax (for big tech companies)
===Banking and Finance===
TDRHism believes that the [[File:Bankocracy.png]] central bank serves a very important role, but still he wants it to be independent from the state and wants inflation to be lower than 5%. He rejects creating money just for funding of financial expenditure, however during times of recession and chronic deflation, supports quantitative easing.
His regulations on banks are:
*Mortgage-backed securities and merging investment and private banks should be banned (commercial and investment banks should be kept seperate).
*Trades of financial securities will be subject to the financial services tax.
*Banks having high reserve ratios to lower the risk of destructive bubbles.
*Short-term currency exchanges will be subject to the currency transaction tax.
He wants the government to own a development bank along with a sovereign wealth fund for government accounts.
He also supports phasing out physical fiat money and switching to a purely digital currency, or cryptocurrency. This is because he sees digital transactions as easier to track compared to physical ones, and they allow the authorities to catch tax evaders, speculators, drug dealers and other criminals.
===Ownership: Public or Private?===
TDRHism supports a [[File:Soccap.png]] mixed capitalist economy.
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