SAVING THE EURO: CREATING SOCIAL REGIONAL CURRENCIES, TAXES ON FINANCIAL TRANSACTIONS, AND MINIMUM INCOME PROGRAMS

SAVING THE EURO: CREATING SOCIAL REGIONAL CURRENCIES, TAXES ON FINANCIAL TRANSACTIONS, AND MINIMUM INCOME PROGRAMS

This paper proposes the creation of regional currencies, which we call social currencies (pesetas, dracmas, liras; deutsche mark) with the finality of financing minimum income programs and microfinance programs in Europe. The backing for this currency will be Euros collected based on the creation of...

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Veröffentlicht in:Journal of economic and social development (Varaždin) 2014-03, Vol.1 (1), p.11
1. Verfasser: Basso, Leonardo Fernando Cruz
Format: Artikel
Sprache:eng
Schlagworte:
Basic income
Citizenship
Commodities
Currency
Economic development
Emissions
Foreign exchange rates
Funding
High speed rail
Minimum income
Productivity
Public sector
Quantity theory of money
Railroads
Social currencies
Tax rates
Taxes
Taxes on regional financial transactions
Tobin tax
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Zusammenfassung:This paper proposes the creation of regional currencies, which we call social currencies (pesetas, dracmas, liras; deutsche mark) with the finality of financing minimum income programs and microfinance programs in Europe. The backing for this currency will be Euros collected based on the creation of taxes on regional financial transactions. Depending on the tax rate the amount of money collected can be substantial and can be used to buy to buy government bonds of countries with severe funding problems.
ISSN:1849-6628
1849-3327