One of the first things I would do in government is to create a new currency. There would be no exchange rate between pounds sterling for example and the new currency.
Indeed it would be illegal and outlawed with severe penalties if any money changers started up. The average persons savings would be exchanged through the central bank at parity. Anyone with other assets will have their taxes checked and if they have already paid tax on the amount then they also would be allowed exchange at parity via the central banks.
However, those with cash or other assets that have been gotten without creating value will have penalty exchange rates which in extreme cases could be 100 - 1. Therefore the country will have reclaimed much of the stolen gains for the benefit of all its citizens.
Now I know this is not a perfect idea yet, but the destruction of the old currency is quite necessary I feel. I would like to invite anyone to comment an make additional ideas and modifications that could make this a workable vehicle for change.
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