31 December 2012

Day 164: Equal Money Capitalism - Preparing the Road for Change

Note: The EMC is an entirely new project that was started 3 days ago. We’re at the moment in the phase where we are brainstorming by answering questions. It’s a messy process – but an effective one to get all the relevant points addressed. So – also note that points will evolve and change as we go as we are not setting things in stone, but on a journey towards designing the EMC. The principles upon which EMC is based are laid out in the previous blog-post. From those principles, we work our way towards what life in EMC would practically be like and how the system will function from an economic perspective.


When a child is born, the parents' company/companies will allocate an equal profit share for the child - which will be added to the parent's profit share. Every parent will have a company - because everyone will be employed.


If unemployment exists - the government must step in to create jobs where possible - because employment is a basic human right.


The government will still play a role to provide everyone with their basic human rights such as healthcare, education, housing, sanitation, roads, employment etc. So - the government will fund these points through taxes. The only tax that will exist are the value-added tax on products - this will be part of the labelling of products - where it'll show the percentage of the price that goes to tax and for what the tax will be used. There will be no need for an income tax to redistribute income in a fair way - because income will be distributed fairly from the get-go.


VAT will be added to each product in a way to make sure there is enough within the common pool of money - which is the tax - to ensure all the basic rights can be provided. Also consider that with all military expenditure falling away - there will actually be quite a substantial amount of money available to governments with which to fund these projects.


In terms of debt - whether it will be erased at the moment of implementation of EMC: all debt will be forgiven - it was not real to start with in any case.


All the jobs that no-one will want to do will disappear - the same point to the EMS applies- technology will have to be developed to replace those points - like self-cleaning toilets and stuff like that - it already exists.  All jobs of slavery that one wouldn't do if it weren't for the need to survive will go *poof*.

Initially, some jobs which are not nice will still have to be done, as the specific production processes to create particular technology/machinery has not yet been adjusted during this transition period. So for a moment, those jobs will still have to be done until the transition is complete - this will become part of the compassion department because you are doing it for the betterment of everyone. These type of jobs can be rotational in nature.


EMC is a transition to EMS - though it can still be seen - once an EMC is in place, whether it is desired/necessary to transition to EMS. In the end - the result is what matters, and this is always Equality and a Life Worth Living.


Abuse is psychological disorders as it harms innocents and we will prevent harm in every way possible, corruption will be very difficult in EMC. Remember the profit share motive is not one that allows boundless profits--it allows equal profits based on a life value.


Within EMC the principle will be that everything is to work in harmony with each other. Therefore - dependent on which level a point of disharmony occurs, it will be addressed accordingly. If there is a worker within a company that is not acting in a way that is best for the company as a whole - this point will be addressed by a tribunal within the company. If it is an entire company that is behaving in a disharmonious way - it will be addressed by government departments.


Pricing on products will no longer be based on expensive or cheap-- or making profit --but rather sustainable pricing that ensures enough money in circulation to make the system function effectively.

Profit is not to be understood in the same way as it is now. At the moment - profit is what is left after wages have been paid and production costs are covered. Within EMC - there will be no wages - your profit will be your wage. So - every time a product is scanned when it is bought - the computer sees what percentage of the price is allocated to whom - and immediately the money-allocation happens accordingly. So - there's no need to wait a year to calculate profits - it will be immediate.
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  1. Would rent thus be abolished?

  2. "Would rent thus be abolished?"

    Yes - there would be no purpose for it.