Distribution of Wealth

So here goes

The Pope came with the idea of legitimate redistribution of wealth via governments and the UN.  Obama and his supporters want that for years.  The Europeans go for it and the UN is interested (more power to the world government!)  Now, the elite is not concerned because they can always (as they did throughout history) get away with murder.  The poor, they will get something and continue naving.  It is the middle class that would have to pay and be destroyed through the process

So what could we do?  The usual answer is to use the tax code (or loopholes in it thereof).  The problem  with this method is twofold: a) we depend on the tax code and the ruling regime may change that at will, and b) the middle class does not usually have the means to use the real loopholes - that are preserved therefore for the elite

The idea is to find a solution that does not depend on the tax code but on the economics itself and in the same time distance one from their own wealth so they cannot be taxed, no matter what

In order to implement the idea we must have a rogue country that would provide the connection and benefit from it, but even if that country surrender and provide details about the individuals (as Switzerland did and Lichtenstein and Andorra are pressed to do as well), that country would not be able to provide any useful information.  Indeed, the information should be in the open and known to one and all and still be useless to the wealth distributors.  As you'll see, that country must have and maintain a strict honesty because using the system demand a huge leap of faith and there is no substitution to well maintained and justified reputation

Now, let's specify the idea itself.  One's wealth may not be invested according to one's will and desires.  There must be a total separation between the 'owner' of the wealth and the wealth itself.  A complete legal separation, to the point that the owner does not even have an account on his name.  The only thing that one may point to is a line of credit.  Yes, in essence I call to replace any ownership of wealth into line of credit

So how, you would ask, would that be done?  Pretty simple indeed.  Let's begin from depositing the wealth.  There are two classes of people, sole owners of small businesses and individuals who usually get salary, some investment income, etc.  The first class would contact legitimate businesses located in the aforementioned country and contract them for hefty sums for some consultation or training.  From the business point of view, this would be a legitimate business expense and hopefully (if the current tax code prevails) tax deductible.  The consulting firm, after taking its fee, would pay most of the money as tax, which the government of that country may entrust under its own name to local (global) bank as investment that would be invested in a responsible, conservative and profitable way.  The business who'd spent the money would be mentioned as an entity that spent a big sum, contributing that sum to the local economics, a published and legitimate statistics

Individuals could purchase, perhaps via eBay or Amazon, some perishable, useless and worthless exotic fruit or trendy, equally worthless and perishable product that cost close to nothing to produce and leaves no trace, but the legitimate spending receipt from the merchant.  From here the process above repeats itself, but without the tax benefits, but remember, nobody could blame you (yet) for wasting your own money on your bizarre desires

 Now, this dully published statistics must be known to the actuaries of another company, a credit card, like entity which by its own actuary calculation, using the fact that one has contributed to the economy as a factor (nobody could tell us what should and should not be a legitimate factor in our calculations :) would mark that person as a good credit target and give him (or her) the appropriate line of credit with low interest as such a good customer deserves

Other, useful idiots, could apply for credit as well, but what could we do that the actuaries, missing the factor of contributing to the economics, would give them lower line of credit with higher interest rate and treat them the same as any other credit card company would treat its customers

The line of credit will grow relatively to the contribution (minus loan actually taken and coined as debt) within the growing economics.  If one actually takes a loan, he or she 'has' to return it which, minus the interest   (fees) will go back to the line of credit... really an economical perpetuum mobile

And what happens when one dies.  Well the estate has to return all debts, which in turn decrease the amount of death tax and the inheritors would happily pay.  And then, the line of credit would be distributed among the inheritors... the real distribution of wealth as it was meant to be

And what would happen if the government begin to tax lines of credit as the are destined to do.  Well, on one hand they would shoot their own economy on the foot, and the only modification we have to do is to abolish or lower the published line of credit and leave the other government with only debt to tax... a fit that would kill the local economy indeed
BTW, obviously, I do not call for money laundering.  All money that is transferred must be legitimate and so should the transactions (consultation must be given, merchandise must be delivered, etc.)  If a foreign government presents enough evidence that the holder of a line of credit is a criminal organization, terrorist organization or even a tax cheater or that the money spent was otherwise illegitimate, there must be provisions that should be strictly enforced in accordance with other countries and international law, to freeze any such illegitimate line of credit of any type