posted on Mar, 9 2009 @ 05:29 PM
Golden Age Economics
Golden Age Economics uses the same infrastructure as is currently being used in a capitalist society, but provides for an even playing field, and
rewards based off the betterment of the whole. If the President of a country decided the current economic system was broke, this system could be
implemented the next day using existing technology, and resources. The method of this economic system is one based of need, versus off of wants. The
system effectively rewards those who can contribute faster than those who cannot or would not, by allowing them to purchase more “want” items or
services. The system also addresses hunger and encourages automation of production, free time for society, and a pursuit of working within ones own
interests. All contributions to society must have a real marketable need or want otherwise like any skill if there is no buyer then the product or
service is worthless. In fact this economic system is the same as our current debt based system, with a non inflationary, global conscious
Ideally this system could be used in local communities in the event of an economic collapse. It assigns needs of the community with workers to
accomplish the goal of a whole group, rewarding those that become innovative, or have a product that helps the majority of the community. The debit
system below is just a way to track and has no value other than determine the value of a debt or contribution to society.
Debit = A increase or decrease in an account
Account = A mode of accounting for debt’s and contributions
A negative debit = your debt owed to society
A positive debit = your contribution to society
Need Item = Items or Services in which people need to live
Want Item = Items or Services in which people want to have
Pricing Method Formula = Unknown (Maybe I’ll have another dream), but I have a feeling this formula would involve the man hours needed to make
something or perform a service.
Labor = Whether performing work as a private individual or working for an employer: All work done for someone else allows the worker to transfer
negative debit points to the employers account based on the contracted rate of pay.
Payment for Items and Services = All private parties wishing to purchase an item or service will accept negative debits transferred from the seller to
Internet = The biggest function of the internet in the Golden Age Economic system would be to post available work or projects, in which to show up and
work for. Jobs would only require certain skill set certifications that would be learned through educational facilities. If you have that skill and
want to work for that contracted amount of debits per hour then you can assign yourself the job.
INDIVIDUALS & BUSINESS ACCOUNTS
Individuals and businesses will have accounts that shall never be a positive number. A person or corporate entity may only have zero or a negative
account balance. Although, an individual may have an accumulated positive points past zero that is useable within a certain amount of years (assuming
this person is so successful and contributes to society far greater than he/she consumes).
A logging company hires a worker. This worker negotiates an amount the workers negative debits to be transferred to the owner of the company for his
work performed. (I’ll assume 2 debits per hour for this example). The worker chops down 2 trees in that hour. The company owner then sells the trees
to a mill company. The mill company says they will buy the 2 trees for 4 debits total. The mill company accepts the negative debits from the owner of
the logging company, which alleviates the logging company of it’s debts to society.
A writer authors a book he/she wants to self publish. The writer spends 100 hours on this book, and is owed nothing by society at this point. The
writer calls a publishing company and prints a number of books to distribute to bookstores. This costs the writer (100 negative debits, in this
example) to publish and print the 100 books. The publishing company transfers 100 negative debits to the writers account, alleviating the publishing
company’s negative debits. The writer prices the books for 2 negative debits. The writer then sells all the books transferring off 200 debits from
his/her own account to the buyer upon successful sales off all the books.
You want to go on vacation. You book a hotel room and a plane ticket. Negative debits from the business owners accounts are transferred over to you.
You fly and stay at the hotel, your total trip costing you 50 debits. You go online and find yourself work to do based on skill sets you posses, and
alleviate your balance by transferring your negative debits to the owner of the company you chose to work at. You may also just have a steady job, the
choice would be totally yours.
Government is the only entity that starts with zero and gets positive debits to their account; government can never have a negative account. In a
Golden Age economic system, government need only be as big as needed without waste. That need is based on what the community needs to improve itself
and based on the ability for it to perform the work needed. Government uses positive debit credits only. When the government buys something, they take
away negative debit from the private party or business as payment but it converts to a positive once in the governments account. Why is this?
There are no taxes ever collected and no fees needed to government entities. This is because elected officials have a positive debit account. Whereas,
when government decides it needs workers to oversee food, building regulation, etc. it hires workers. Those workers transfer negative debit points to
the government, but the government converts it into positive debits. The more the government hires and buys the larger their positive debit account
becomes. At the end of the year, all positive debits are returned to all citizens equally. Thereby, this offsets the citizen’s accounts alleviating
some of everyone’s debt.