Investmentocracy: A Challenge to Conventional Democratic Principles and a Framework for a New Free Society (2009) – Treatise by G. Stolyarov II – Second Edition

Abstract
The system of investmentocracy, described and defended here, offers a viable alternative to the conventional democratic principles of “one man, one vote” and the illegitimacy of vote transfers and vote pooling among individuals. Investmentocracy, which rewards contributors to the government with a number of votes proportional to their contributions, permits a viable elimination of compulsory taxation. Investmentocracy also entails remedies for voter irrationality and strong protections for all individual rights, including the rights of non-contributors. I use the Freecharter, a constitution of my own design, to provide a specific framework within which investmentocracy can be viably embedded. Here, both protections for individual rights inherent to investmentocracy itself and protections contained in other parts of the Freecharter will be examined.
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Table of Contents
Section | Page |
Abstract | 2 |
Introduction | 2 |
I. Existing Literature Regarding Investmentocracy and CDPs | |
1. Literature Regarding Investmentocracy | 3 |
2. Literature Critiquing Conventional Democratic Principles | 5 |
II. Problems With Conventional Democratic Principles | |
3. Incompatibility of Compulsory Taxation With Individual Rights | 9 |
4. Ownership Shares in Governmental Entities | 10 |
5. Lack of Sanctity of the One Man, One Vote Principle | 10 |
III. Mechanics of Investmentocracy and the Transition from CDPs | |
6. Investmentocracy and the Elimination of Taxation | 11 |
7. Transferability of Votes Under Investmentocracy | 12 |
8. Pooling of Votes Under Investmentocracy | 12 |
9. Cosmopolitanism, Non-Discrimination, and Investmentocracy | 13 |
10. Investmentocracy and Incentives for Voter Rationality | 14 |
11. Defeating the “Social Quacks” Through Investmentocracy | 15 |
12. The Transition from CDPs to Investmentocracy | 16 |
IV. Resolution of Objections and Concerns Regarding Investmentocracy | |
13. The Incentive to Invest | 17 |
14. The Welfare Loophole Addressed | 18 |
15. Why Investmentocracy Will Not Create a Hereditary Aristocracy | 19 |
16. Why the Wealthiest Few Will Not Take Over | 21 |
17. The Elimination of Forced Carrying and the Mitigation of Free Riding | 25 |
18. Protecting Rights Under Investmentocracy
18.1.Protections for Individual Rights Inherent to Investmentocracy 18.1a. Desire for Additional Government Funding 18.1b. Fewer Reasons to Oppress Non-Contributors 18.1c. Friedman’s Four Types of Spending Under CDPs and Investmentocracy 18.2.Protections for Individual Rights External to Investmentocracy 18.2a. The Bill of Rights and the Restrictive Clauses 18.2b. The Tricameral Legislature 18.2c. The Nullifier 18.2d. The Opt-In Constitution |
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29 29 30 31 32 32 36 38 40 |
Conclusion | 42 |
Appendix: The Freecharter: A Constitution for a Society of Lasting Liberty | 44 |
Works Cited | 69 |
About Mr. Stolyarov | 72 |
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