Now, normally I'm one of the first people to dismiss economics as worthless and frankly, it is. But as I was at work the other day, I came up with an idea for a new system, that allows for currency to exist, but eliminates private capital and hording of finances. Simply put:
There are no private banks. Just one government account with the entire world's finances (so trillions of currency units). Everyone who works has a debit card that access to that account. Ergo eliminating private funds and private capital. How it works is that as people work, they earn access to the account through their card. So say if someone works 23 hours in a week at 10cu (currency unit) an hour, at the end of the week, they get access to 230cu permanently. Which they can have access to until they spend it. Simple as that. People can access the account through their debit cards anywhere, there is no longer any paper or coin based currency, just digital.
How it works is that when people earn their cu, they spend it. All that they spend at a business is put back into the government account and then once again, paid to the people who earn it, based on the work they do that is of value to society.
What this system does is eliminate so-called "private money" so that people can be on more even ground when it comes to finances and there are only classes based on the work people do. It's that simple.
Thoughts anyone?
the thing is, this would be only possible under a few circumstances, 1) a one world government. 2) backup power generation for at least this system.
and again, it's a theoretical idea. One obviously not possible with the greed of this world.
There are no private banks. Just one government account with the entire world's finances (so trillions of currency units). Everyone who works has a debit card that access to that account. Ergo eliminating private funds and private capital. How it works is that as people work, they earn access to the account through their card. So say if someone works 23 hours in a week at 10cu (currency unit) an hour, at the end of the week, they get access to 230cu permanently. Which they can have access to until they spend it. Simple as that. People can access the account through their debit cards anywhere, there is no longer any paper or coin based currency, just digital.
How it works is that when people earn their cu, they spend it. All that they spend at a business is put back into the government account and then once again, paid to the people who earn it, based on the work they do that is of value to society.
What this system does is eliminate so-called "private money" so that people can be on more even ground when it comes to finances and there are only classes based on the work people do. It's that simple.
Thoughts anyone?
the thing is, this would be only possible under a few circumstances, 1) a one world government. 2) backup power generation for at least this system.
and again, it's a theoretical idea. One obviously not possible with the greed of this world.