A Society of Achievement

Unlike existing tax systems, the Potentialist Tax & Welfare systems do not penalize income and do not place excessive burdens on the poor. Instead, it taxes spending which is both non-productive and non-charitable.

This approach reflects the Potentialist values – namely that human potential is maximized through a cycle of creation and connection combined with protection from real-world risks.

At one point, many governments were primarily funded by tariffs. As the theory of mercantilism and its mandates fell from favor, these taxes were replaced by income tax, sales and VAT systems. But all of these were designed with a particular era and economic philosophy in mind.

Today, with electronic money, something new is possible – something that will both encourage human achievement and provide tax revenue necessary for government operation.

Read more here.