Someday...an Economy Without Money

[Revoltingest]

Oh, about destruction....
At times it's essential. I worked on the F-18 program,
which was about air superiority & grounds support, ie,
versatile destruction.

 

[ecco]

Investment money would be freely available to those suitably qualified to take advantage of it,

Who decides who is suitably qualified? How are the "deciders" compensated?

There would be a minimum limit for those who for one reason or another needed support. This would increase as to need ,

Who decides "need? What are the aspects of "need"? How are the "deciders" compensated?

On retirement you would retain you final annual income and balance topped up annually.
If you had had a productive life you would maintain a comfortable retirement.

Your first paragraph and your second paragraph are in conflict. I could be a slacker my entire life and bust my balls for the "last" year and have a really great retirement (age 45?). At least SSI bases it on the last (best?) five years.


Many years ago I asked a married couple who were socialists: What is socialism? One said, you work according to your abilities and get according to your wants. The other said, you work according to your abilities and get according to your needs. A spat ensued and I walked away.

 

[Heyo]

We need a virtual currency system.
Each account would have a maximum limit and sell by date.
Your account would self adjust to match your input, necessary outgoings, and balance.
Unused balances that reach their sell by date would dissolve as unnecessary.

Investment money would be freely available to those suitably qualified to take advantage of it, but could not be owned. However it would be limited by the number of people who wanted to invest their time and effort to the project. And the number of people who could benefit from it.
The greater your turnover between input and output the greater your personal annual limit.

There would be a minimum limit for those who for one reason or another needed support. This would increase as to need , and for any output they were able to generate.

There would be a differential between the maximum and minimum annual balances based on the total population and total product. It would have a token differential of five to one maximum.

On retirement you would retain you final annual income and balance topped up annually.
If you had had a productive life you would maintain a comfortable retirement.

Healthth care and disability support would be fully covered.

Incentive would be a more comfortable and interesting life.

Deflationary money.
An interesting take on accumulation of wealth, incentives to invest and decoupled local currencies.
If they ever try to abandon cash, I'll print my own money and will be deflationary.

 

[joe1776]

The problem isn't competition, it's the rules of the competition. When destruction is the goal, competition becomes self defying.

While its true that competition can have worthy and unworthy goals, all competition also has drawbacks inherent.

1. Someone has to lose.

2. Competition is motivated by the worst side of human nature, our need to prove ourselves superior to other people.

3. With all else equal, cheaters win if they can get away with it. I think if we could wring the fraud and corruption out of it, the American free market economy would collapse.