To avoid a population crash, an annual reduction in per capita personal expense over 50 years of at least 29 percent (42 percent to avoid casualties) is required. In effect, an investment of an entire year’s expense over 10 to 16 years could mean the difference between a healthy planet and mass death. The amount of this reduction should be invested in creating a renewable economy, one which reuses everything. The alternative to this reduction is a rise in disposable income and expense of at least 10 percent per year, with debt approaching today’s disposable income right before the world population crashes.
If a world “ToE” (Tax on Everything) of 42 percent was levied with the proceeds directed at making the required changes, we might save the “foot” – world ecological footprint – and the future. Priority would be given to basic survival, for example providing food and water, and we would become a scavenger society, using whatever we could for as long as possible. By the end of the 50 years, we would each be responsible for wasting no more than 40 pounds per day.