Taxation is the primary enabler of government and principle duty of government. This intuitive and intimate relationship is evidence that tax based representation will be of the most profound improvements to political science. Tax based representation provides political franchise to those individuals actively participating in the funding of the organization or government. The premise of tax based representation invites new schedules of voter entitlement with proportional representation based on the amount of taxes paid (liability), segregating tax liabilities in brackets similar to income gradients, or correlating the amount of representations to a jurisdiction’s aggregate federal liability in terms of gross or net amounts. It is even possible to attaché voter franchise to specific taxes remitted which opens the possibility of entitling corporations with representation based on their tax liabilities or enfranchising specific demographic segments.
Taxation is a potent mode of representation due to the fact that it correlates political power with government funding; by incentivizing the behavior of paying taxes it guarantees the nation or state access to more capital which often translates to greater economic and military powers. Taxation is a critical issue for most constituents which can result in terrible problems for nations during crises in public finance and economy. It is speculated that increasing taxes can limit economic growth and recovery as much as decreasing government spending as most economic activity is conversed with complementary contractions in opposing sectors. By associating tax liabilities with nationalist sentiments it can diffuse potentiated circumstances where economic duress seriously strains the population, its businesses, and a government’s ability to navigate treacherous domestic political realities and dangerous external geo-political environments. A fully funded government is a more secure government. When modes of representation are dependent on tax values and tax liabilities these attributes are more guaranteed.
In previous eras of human development politics and economics were not separate domains but rather one called political-economy. Modes of representation are generally coupled to population as a means to cover all of the necessary variables of economy, tax liability, and popular sentiments. Indexing representation to GDP captures values from economy and is highly correlated to population and tax liabilities and might be a more efficient substitute. GDP is a derivative of population and can account for many of the same properties captured. GDP used in tandem with other systems of wealth representation or popular representation might provide significant improvements over those that are one dependent on a single mode of representation. Economy is such a dominant theme in politics and society that using GDP as an index for representation should implicitly be accepted if not openly advocated for.
Political systems can be engineered to produce more representation for those jurisdictions which have more economic power. This way better economic policies can be exported from the better performing jurisdictions with an increased number of representatives and more political influence. It is a relations already present in domestic relationships and international relations. The states or nations with stronger economies and more capital typically exert much more influence than those with lower weaker economies and fewer strategic assets. Attaching voter representation to GDP reinforces this relationship and can be a significant motivation for capturing higher GDP’s with more exact economic modeling.
Attaching the voter franchise to bond assets is one of the most versatile modes of wealth representation for manufacturing new governments, economic unions, erecting international institutions, and enfranchising those investors and citizens making contributions to the nations public finance. Bond holder voter franchises will contribute to the immediate competitiveness and durability of the nation-state. The contributions provide capital useful in the administration or defense of the state. Each contribution is enumerated with specific values and dates which dictates the exact parameters of political representation. The fact that the number and value of bonds can be controlled allows the state to manage voter franchise and protect against monopolization or abuse.
Wealth representation is a mechanism that empowers conventional states maintaining taxing powers with the advantages in capitalization typically reserved for public stock companies. The premise is remarkable in its application for insurrections and rebellions as the emergent government has a greater chance of success due to the improved funding capabilities. In one stroke of finance it could form allegiances with populations and alliances with other states or nations. It maximizes its access to the resources necessary for waging war or rebellion. Financing war efforts is critical to both fledgling states and established nations and any government which can expand its base of support and revenues by offering bonds with common stock properties at fair market values.
Bonds are more appropriate only because the wealth based representation is a partial entitlement and not all of the states equity will be captured by the release of the instrument. Bonds represent a liability rather than equity but can still carry voting privileges. These voter franchises can be associated with only one chamber of the legislature or one branch of the government ensuring that a majority of representation is still monopolized by residents or citizens within the state’s jurisdiction. Common stock denotes value with implications of profit for the organization. Although the organizations liabilities and assets could be calculated most governments don’t seek profits and access to taxing powers would be a dangerous implement and might subject it to claims of illegitimacy. Common stock also denotes complete ownership of all equity which is incompatible with mixed systems of representation by unfairly denying other stakeholders (nonfinancial) access to the equity.