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by Philip Copeman and Marc Beckenstrater


Our Goals

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  • Our Tag: #prosperityplan

    Our Word: Prosperity

    Our Vision: To Build a prosperous world

    Our Mission: To get a Remote Workers Visa with five year tax holiday

    For our chosen example, the slogan is that South Africa faces the triple challenges of poverty, unemployment and inequality. You hear this so often you start to believe it is true. These however are simply symptoms of the demon South Africa really faces – low economic growth. Low growth brings declining per capita gdp, brings unemployment, brings poverty, brings inequality. Fix unemployment and the other problems fix themselves. The Prosperity Plan flies in the face of the common slogan by suggestion that we import inequality and thereby boost GDP per capita, which boosts employment and taxation. This alleviates poverty in the short run and will reduce inequality in the long run.

    White Paper


    • Summary

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    • The Discussion

      South Africa has an Economy that grows slower that the maturing labour force. The result is declining per capita income, rising unemployment and rising inequality

    • The Plan

      There must be a clear plan and this must be actively supported by the Parliament and the Executive.

    • Definition of Prosperity

      We define Prosperity as the average growth GDP per capita at constant prices weighed by the negative growth of the Gini Coefficient.

    • Principle of Emulation

      No need to invent something new, copy the from the best and avoid the worst.

    • Firewall Politics and the Economy

      It is critical in SA to use the energy of the citizens and it is pointless to define an economic system that is contrary to the cultural systems of the voting majority. A cultural clash will lead to push back and a long cycle of objection. We will detail how this leads us to propose a well managed Socialist Economy and Special Economic Zones that can be implemented quickly with a simple Parliamentary majority and a set of good governance principles for a socialist economy.

    Principles

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    • Emulation

      Ideas cannot be theoretical by but must be demonstrated by comparison to successful countries. We take to good and leave the bad of examples. For purpose of analysis we fly in the face of current politics and focus on the economic lessons

      The examples we use are :
      ANC SA / Apartheid
      Israel/Jordan
      West/ East Germany
      California/USA
      London/UK
      UAE/Saudi
      Singapore/Malaysia
      Hongkong/China

    • Homemarket effect

      This critical concept (won Paul Krugman the Noble Prize for Economics is core to our proposal)

    • Okun’s Law

      How full employment is critical for growth

    • Remote Workers

      This Young -labor intensive industry is one of the fastest growing industries in the world. We propose this as our core specialisation.

    • Elements

      Single Online point of Contact
      Visa Application and payments are online
      Remote Workers have a hotline to Home Affairs.

      Fast Internet
      As we specialise in remote work, we can choose Digital infratrusture over physical infrastructure.
      Subsidised Travel
      To make our selves competitive with Northern Destinations we propsose subsiding emigrant air travel
      Non Dom Visa
      A non dom visa with a tax rate to beat all others

      Zone Managed Police
      Zone Managed police paid from the non dom visa. Personal security is critical

      Zone Managed Tax Courts
      Rapid tax decisions

      Best Practice Socialism

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      Recognise Globalism and Technology
      Debt Ceiling
      Universal Income Grant
      Conservation of Land
      National Specialisation
      A merit system

    • Suggested Reading

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      Copeman, Philip, Mark Beckenstrater, The Prosperity Plan, 2024, www.turbocash.net/a/pages/prosperityplan
      Copeman, Philip, Forecasting Inflation with Input Output Analysis MBA Thesis University of the Witwatersrand, 1982 Forecasting Inflation with Input Output Analysis
      Piketty, Thomas. Capital in the Twenty-First Century. Translated by Arthur Goldhammer, Belknap Press, 2017. Capital in the Twenty-First Century - Wikipedia
      Boushey, Heather, J. Bradford DeLong and Marshall Steinbaum, After Piketty: The Agenda for Economics and Inequality, Harvard University Press 2017. Including Solow,Robert, Piketti was Right and Krugman, Paul, We live in a new Gilded Age. After Piketty - Wikipedia
      Pasinetti, Luigi L, Growth and Income Distribution, Essays in Economic Theory, Cambridge University Press, 1974 Growth and Income Distribution, Essays in Economic Theory"
      Pasinetti, Luigi L, Structural Change and Economic Growth , A theoretical Essay on the dynamics of Wealth of Nations, Cambridge University Press, 1981 Structural change and economic growth: A theoretical essay on the dynamics of the wealth of nations Furman, Ryan, Okun’s Law: Economic Growth and Unemployment, Investopedia , 2023, Okun's Law
      Ball, Laurence, João Tovar Jalles, and Prakash Loungani, Do Forecasters Believe in Okun’s Law? An Assessment of Unemployment and Output Forecasts, International Monetary Fund, 2014. IMF
      Rasure, Erika, The Investopedia Team, Home Market Effect: What It Means, How It Works, Implications, 2021. Investopedia
      Reinert, Erik, How Rich Countries Got Rich ... and Why Poor Countries Stay Poor, PublicAffairs, 2019. How Rich Countries Got Rich and Why Poor Countries Stay Poor by Erik S. Reinert | Goodreads
      Ghosh ,Jayati, Review of How Rich Countries Got Rich and Why Poor Countries Stay Poor, International Development Economics Associates, 2007. IDEA
      Reinert, Erik, Austrian Economics and The Other Canon. Published in Backhaus, Jürgen (editor), Evolutionary Economic Thought. European Contributions and Concepts, Cheltenham, Edward Elgar, 2003, pp.160-207. Reinert-1.pdf (hetecon.net)
      Phillips, Joseph D The Zen Art of Firewall Economics, 2019 Firewall Economics
      Ricardo, David, Anonymous, The Theory of Comparative Advantage- Overview, LibreTexts 2023. 2.2: The Theory of Comparative Advantage- Overview - Social Sci LibreTexts
      Sobukwe, Mangaliso Robert, Speeches of Managliso Robert Sobukwe, Inagural Address, Pan Africanist Congress. 1959 PAC
      Ricker, Thomas, The Verge, 92 million US workers now have the opportunity to work remotely: survey , 2022. 92 million US workers now have the opportunity to work remotely: survey - The Verge
      South Africa’s Special Economic Zones. 2022 SEZ-brochure_2021.pdf (thedtic.gov.za)
      Mona,Positive and Negative Impacts of Tourism in Paris. The French Hotel Guide , 2022, The French Hotel Guide"
      Copeman, Philip, Southern Sunset, 2013, Southern Sunset (turbocash.net)
      Chatterjee, Aroop et al, South Africa: How extreme inequality persists, 2022, Culturico, South Africa: How extreme inequality persists - Culturico
      IMF, Six Charts Explain South Africa's Inequality, 2022, Six Charts Explain South Africa's Inequality (imf.org)
      Wikipedia, Contributors agreement, Wikipedia 2024 Contributor License Agreement - Wikipedia
      European Commission, Creative Commons Int 4.0 Licence. 2024. Contributor License Agreement - Wikipedia ,
      Wikidiff, Libertareanism vs Socialism - What's the difference? , 2024, Libertarianism vs Socialism - What's the difference? | WikiDiff
      World Economic Forum, World’s Best Countries for Remote Working, 2023
      Global Remote Work Index 2023 ranks remote-working countries | World Economic Forum (weforum.org)
      Upwork, The Best 30 remote work Jobs in 2024, | Upwork
      (#damanifesto) Democratic Alliance, 2024 Election Manifesto, 2024, DA-Election-Manifesto-2024.pdf
      Sobukwe, Magaliso Robert,Speeches of Sobukwe Inaugural Address, 1959 Speeches
      Keynes, John Maynard, The General Theory of Employment, Interest, and Money, 1935 (keynes-general-theory.com)
      Economics HelpThe Harrod Doma-Model and its limitations Harrod-Domar Model of Growth and its Limitations - Economics Help
      Investopedia, Erica Razure, 2021, Home Market Effect: What It Means, How It Works, Implications, (investopedia.com) 2024 (investopedia.com)
      Stats SA, Stats SA releases new provincial GDP figures, 2023 | Statistics South Africa
      Shakespeare, William, Coriolanis, 1605 Coriolanus - Entire Play | Folger Shakespeare Library
      Will Kenton et al, What is Merchantalism? Investopedia, 2024 (investopedia.com)
      Upwork, Gig Economy Statistics and Key Takeaways for 2024 | Upwork
      Amon, Romj et al, 35 Stunning Freelance Statistics You Need To Know in 2024 (techjury.net)
      How Peru became the king of blueberries | International | EL PAÍS English (elpais.com)
      South Africa's unemployment rises (thesouthafrican.com)
      Our World in Data Comparing Gini over time and over country Income inequality: Gini coefficient, 1963 to 2023 (ourworldindata.org)
      Hasel, Joe, Measuring inequality: what is the Gini coefficient?- Our World in Data
      World Bank, Gini Coefficient vs Per capita GDP, 2023 Income inequality: Gini coefficient, 1963 to 2023 (ourworldindata.org)
      Przybylinski, et al, Forecasting Inflation with Input Output Analysis, University of Łódź, 2017 Przybylinski (iioa.org)
      Cobb-Douglas Production Function and Its Properties (economicsdiscussion.net)
      Solow's Model of Growth (With Diagram) (economicsdiscussion.net) (economicsdiscussion.net)
      Harrod–Domar model - Wikipedia Harrod–Domar model - Wikipedia
      Etounga-Manguelle, Daniel, Does Africa need a cultural adjustment? 2000 Does Africa need a cultural adjustment?
      StatsSA, Provincial Gross Domestic Product: Experimental Estimates, 2022 Publication | Statistics South Africa (statssa.gov.za)
      HMRC Tax on foreign income2024 Gov.uk

    • Data Sources

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      FRED
      IMF
      World Bank
      SARB Quarterly Bulliten, South Africa Reserve Bank, 2024
      StatsSA, South Africa, 2024
      SA Treasury, South Africa, 2024

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      Budget 2025 Comment

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    Frequently Asked Questions

    The main goal is to promote economic growth in South Africa by encouraging remote work, implementing a Remote Workers Visa, and adopting best practice socialism to address poverty, unemployment, and inequality.

    The Prosperity Plan was written by Philip Copeman and Marc Beckenstrater.

    You can find a comprehensive list of suggested readings and data sources in the "Suggested Reading" and "Data Sources" sections above, as well as links to related documents and external resources.