Trading taxation and programs

November 19, 2006 at 4:32 pm Leave a comment

I’m really big on making things tradable and into markets these days. Anyway, this idea is quite simple. Governments could trade programs and the taxation i.e. profits from them. Let’s say the Irish want to bring their welfare program to Ghana. They could desiginate a portion of the population for the program, provide the funding, and then reap the taxes that accumulate from the group over their original level of taxation. Hence governments could trade programs and tax revenue allowing for better programs from different countries to be available in other countries provided each government could agree on controlling factors and a baseline for the taxation (after all Ghana could institute their own welfare reform programs that might exceed that of the Irish etc.)

This would distribute the funding for a program making say welfare dependent on the finnish economy while education could be provided by the french and maybe corporate taxation by the U.S. etc. Take the best of other worlds.

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