CHAPTER –58- Taxation in the new order

The Government implemented the fairest of all possible tax systems.
They simply credited the accounts of people and firms that they owed money to.
This, you would think, would have the effect of eroding away the value of credits
but it never seemed to have much effect on the value of credits. If a person had
more credits accumulated in his account than he had immediate need of he
could transfer the surplus to a bank that would pay him interest on those
surplus credits. The bank, in turn would loan those credits out to worthwhile
borrowers at a higher rate of interest than they were paying the depositor. The
individual that was seeking a greater return on surplus funds than the bank was
offering could transfer the surplus credits to a corporation that was soliciting
additional funds for expansion. In return the corporation agreed to pay the
investor a prorated share of the profits of the corporation if any or a prorated
ownership in the corporation but not necessarily in corporate management.
Large Government issued contracts for goods and services, in excess of
one million credits had to be approved by a Government watchdog committee.
If the committee was not one hundred percent in favor of the proposed
expenditure then the Government had the opportunity to modify the request. If
an impasse developed between the Government and the committee both sides
would be given the opportunity to present their side of the issue on public
Television before the mater was put before the voters.
Though there was no executive or legislative branches of Government
there was an active civil service headed by a civil service commission. The
Government then pretty much amounted to the civil service commission who
were chosen in the same way that the Supreme Court was chosen.
The Civil Service Commission ran the General Accounting Office, the
Department of Public Safety, The Department of Public Records and a number
of other public agencies.
The General Accounting Office not only had charge of posting and
transferring credits but were oversaw the Securities Exchange Commission,
that kept an eye on the Corporations, and the Planetary Deposit Insurance
Corporation that kept an eye on the banks
The General Public could challenge the actions taken by any agency. In
some cases by circulating a petition and in other cases by filing a civil action.
There was a lot more to the Government than that but the system
worked.