@fastcompany: During the second day of the World Economic Forum's annual meeting, President Trump arrived in Davos, Switzerland and gave an address on his quest to acquire Greenland. European leaders have been continually baffled by Trump's fixation on Greenland—and the stock market also took a hit because of Trump's threats.   Fast Company editor in chief Brendan Vaughan recounts the response to Trump's speech and additional highlights from the day's events.

Spencer Mailes :

Let’s focus on a real fix. Call it an ‘Asset Commonwealth System’ eliminate all taxes on wages, and replace them with a progressive net asset tax for both businesses and individuals in these brackets: 0% $0-$20M 1% $20M-$100M 2% $100M-$300M 5% $300M-$1B 100% >$1B Add an LVT and dynamic VAT to manage land use and consumption, providing mechanisms for incentivizing civic production goals and protecting against waste. Business can deduct the value of ESOP and double the wages of unionized labor from their taxable value. Incentivizing, not forcing economic democracy and worker ownership. Everyone has access to a 0% public credit line equal to the value of any assets and capital gains taxed from them or voluntarily exchanged. This creates an asset backed currency equal to the collective asset value of the entire USA. This also turns the borrow, spend, die system into the core incentive to grow and innovate while insuring public protection and value through public collateralization. For assessing Liquid asset taxation, Retool the auditing and quarterly reporting system to a 90 day rolling average to enable robust dollar distortion protection. For illiquid assets, retool the annual property tax system and put fractional liens on the asset equal to the tax bill as not to require liquidation. At the point IP becomes majority publicly owned due to gradual taxation, it becomes public domain. The US would result in a $40T sovereign wealth fund, $6T in operating revenue with no debt to service and a significantly simpler taxation systems. $0 minimum wage Spend it on the highest possible quality UBS’s first then a UBI.