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Money Backed By People

$X per person in the system.

Digital database, no print.

25%X goes directly to goverment on birth.
10%X to citizen at age 18.
15%X to citizen at age 30.
25%X to citizen at age 50.
25%X to citizen at age 75.
Extra from people that die young goes
to orphans and people over 95.

Ownership and inheritance remains in place.

$Y= total money in the system.

X/Y= population (under 95yo)

When a citizen turns 95(alive or dead) $X needs to
come out of the system.

Years end taxes = ($X(Total 95yo Birthdays))/ Y

Every dollar in the system(goverments or citizens) is taxed an equal %.

  • Sep 23 2013: It does include money. If you make a lot of money in this system then you can give that money to your family or whatever when you die. It's just that all money is taxed the same so if you have a lot of money you get taxed more.

    Years end taxes = ($X(Total 95yo Birthdays))/ Y

    so this formula applies to every dollar in the sytem every year. so the dollar is reduced a fractional percent. it removes the money from the sytem that came from the people who had 95year old birthdays.

    X/Y= population (under 95yo)

    this has to equal to the population at the end of every year, and it doesn't matter how the currency has gotten dispersed.
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    Sep 22 2013: Am I right in assuming, that ownership and inheritance does not include $?

    If thats the case, I could still sell what I own or inherit? If that was the case, and your idea meant to create a higher level of fairness, wouldn't this then create dis-balance right from the beginning?

    Isn't heritage one of the key elements for 'inequality' at start?

    And if this was about fairness, how do you manage the transitional phase from the given to your proposed system? It would certainly have some very influential opponents, don't you think? How do you deal with them?
    • Sep 23 2013: Hey, I also replied with my last comment.

      As for transitional phase, that isn't my thing. I guess I would suggest taking the entire value the currency of the country/world and plugging it in to this equation Under Y

      and then dividing it by the population to get the value for X

      X/Y= population (under 95yo)

      and then starting from there.
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        Sep 23 2013: To me those ideas 'stand & fall' with their implementations.

        But thank you for the 'mind game'.