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

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

The New Renaissance Hat
G. Stolyarov II
July 8, 2014
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The Second Edition of my 2009 treatise “Investmentocracy: A Challenge to Conventional Democratic Principles and a Framework for a New Free Society” has been released in PDF format. It can be freely downloaded here.
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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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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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Find out more about the Freecharter.

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