04 January 2013

Day 167: Harmony and Equilibrium within Equal Money Capitalism

Note: The EMC is an entirely new project that was started a week 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-posts. 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.

Income Gap?

Q: There is a gap in production before a product reaches sales, how is that gap covered, meaning before this whole system is in place who is going to pay the living wages to people?

Everyone from birth will have an income allocated through the parent - so until your income from profit share is equal to everyone else's income - this point will remain in place and one will still receive an income within such transition periods.

Company Oversight

Q: Will there be a large bureaucracy to ensure compliance with EMC principles?

A: Within EMC the principle will be that everything is to work in harmony with each other.

Therefore - dependent on at 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.

Taxation and Banks

Q: Will VAT as being the only tax generate enough income for government to pay for all the infrastructure, sanitation, basic human rights and so on?

A: 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.

Q: Will there be also company tax - where any profits higher than what is necessary to pay employees - go as tax to government?

A: No, surplus profit that successful companies make, will be transferred to a bank.

Banks in an EMC will exist as financial intermediaries, gathering surpluses to cover deficits in other places. So - the banks will be in charge of providing extra funds to companies who are running a deficit. This point will always be temporary and the required funding will lessen as there is an intervention that takes place and action is taken to make the company more effective and able to compete.

When companies with deficits are identified - someone will be sent to intervene, because it might indicate that the company is not effective. Then the problem must be identified and they have to learn from those companies that are successful - so that all may become equally successful and effective within managing resources and distributing goods and services.

Global School Curriculum

Q: Will we have a global school?

A: The principles of the educational curriculum will be the same on a global level, where the goal is to educate humans to become the most happy, the most effective and the most empowered individuals. How this is practically implemented and translated into a curriculum will be specific to each region.

Q: Why specific to each region?

A: Education doesn't require to be the same for every person all over the world - environments differ and so the curriculum must be tailored to ensure effective living within each one’s particular environment and culture

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