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Killing the Host

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“Ten Reforms to Restore Industrial Prosperity

1. Write down debts with a Clean Slate, or at least in keeping with the
ability to pay
2. Tax economic rent to save it from being capitalized into interest
payments
3. Revoke the tax deductibility of interest, to stop subsidizing debt
leveraging
4. Create a public banking option
5. Fund government deficits by central banks, not by taxes to pay
bondholders
6. Pay Social Security and Medicare out of the general budget
7. Keep natural monopolies in the public domain to prevent rent extraction
8. Tax capital gains at the higher rates levied on earned income
9. Deter irresponsible lending with a Fraudulent Conveyance principle
10. Revive classical value and rent theory (and its statistical categories)”

~ Michael Hudson

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