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I thought about this, it's not enough to limit voting to those that pay taxes because only a small percentage of people pay taxes in an amount anywhere near wha
by snapplebobapple 4y ago
I thought about this, it's not enough to limit voting to those that pay taxes because only a small percentage of people pay taxes in an amount anywhere near what they cost in taxes and taxes are not voluntary. You need to make the person voting have skin in the game and that means it need to be voluntary and it also needs to be enough that it will sting if things go badly. I think the best way to do that would be to make potential voters post a nontransferable nonredeemable bond for some number of years (say 10 years) amount of money with the government if they want to vote. I would suggest averaging the last five years of income tax and setting that number at the equivalent of 2 weeks of income with a floor at full time minimum wage so that guys that earn a lot have to put a lot at risk and guys that earn a little have to risk less. then for that whole period the bond is with the government the bond should be at risk if the government runs a deficit above some small wiggle room, say 1% of government revenue. When the next election comes you have to top up your bond.