Lending for profit, if you follow basic economics, means the prices of everything people borrow for, is massively inflated. The market price is set by what it will bear. What it will bear is magnified hugely by mortgages. Let a much smaller limit on borrowing for profit, set some lower maximum interest rates for such borrowing (phased in), and in doing so, free the people - rents will be lower, houses cheaper, cars cheaper.
For catch the 1% - tax for transactions, and for purchases. As a small business owner I pay proportionally much more tax than a megacorp. That's plain wrong. With a transactional tax, they'd pay more, and me less - even if they operated overseas to dodge taxes. And with a GST and transaction system, instead of a income and business tax system, people buying boats, and huge houses, would be paying for their wealth there - people would pay proportionate to the lifestyle they lead (obviously such a system would apply to everything, not just some goods and services).
My system is more radical. Banks, investors, speculators, and loan outfits would all lose out (boohoo, lol) - but people would be vastly better off, on the whole. In fact all that money saved from artificially inflated housing prices due to fiat, could be spent in our economy, generating potentially globally standout GDP levels, and actual, on the ground, standards of living.
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