Hybrid Economic System

Discussion in 'Introduce Yourself' started by The_Prince, Jul 7, 2011.

  1. The_Prince
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    The_Prince Rookie

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    I've been working on a (hybrid) economic system that values Health, Education, and the Environment. The goal is no unemployment, no homeless, no commercials. Everything is premised on a person's net worth being a number on a screen (direct deposit, credit cards); a number that could potentially be manipulated/tweaked.

    A Remedy:

    Everyone keeps what they have. If you are currently employed, you sign a contract with your employer promising 40 hours of quality work a week (maybe we can eventually change it to 35). In exchange, you will receive your current salary (and/or a credit for hours worked), health care, schooling for your children, and you will be taken care of after retirement (age 68? 70?), or if some debilitating illness occurs. Farmers continue producing food.


    No Taxes. Federal, State, Local – none. "The hardest thing to understand in the world is the income tax." -Albert Einstein. Instead, we give a “blank check” (or an Invisible Hand, or "a black hole") to city and local governments (or grassroots organizations) to hire everyone and anyone willing to work for the common good. It becomes a City Improvement or City Beautiful Movement. If you want to help rebuild Missouri, go do that. If you want to teach, (and meet the requirements) do that. If you want to do cancer research at a public hospital, do that. If you are willing to plant trees, do that. After verifying that you have worked your 40 hours a week, the city and local governments credit your account (change numbers on a screen). Perhaps we can also give this authority to a well respected local nonprofit or The Bill and Melinda Gates Foundation. All salaries from the “blank check” are public information (listed on a website). (If we can print money out of thin air, why can't we create jobs out of thin air?)


    A moratorium on the stock market – either by vote, a congressional resolution, or executive order. Or we just pretend it's Good Friday and “the market” never opens again. Every penny (except margin accounts) invested gets returned to the shareholders. (at the current price, or if speculation occurs, the price on a specific day, say 4/30/11 -the courts can figure out what is fair).


    To compensate companies for market capitalization, private companies get to "draft" (100, 500) workers. All unemployed people enter the “Employment Draft”. Starting with GE (largest market cap), companies choose the workers who will be the most beneficial to them. Jeffrey Immelt may choose the head of Goldman Sachs or Hank Paulson, or he may not. Erin Burnett can cover it on CNBC or Erin Andrews can cover it on ESPN 8 “The Ocho”. (or both, at the same time)(smile) The best companies also receive priority in architectural improvements etc.


    Every two years(?), workers feeling unfulfilled, disillusioned, or people wanting a change, may reenter the draft and work for a different company and/or in another industry. (a 2nd Round Draft, if you will)


    Medicine:

    Highest priority placed on Prevention and Early Detection. Medical ID cards for everybody (like a credit card). Heavy focus on research (at least 10 years of “delibrate practice”) and maybe we can beat death. (harvested organs, stem cells, maximum nutrition, etc.)


    Advertising

    No more advertising. Not on TV, not on radio, not in magazines. (Maybe an exception for the Super Bowl. Maybe). Massive expansion of Consumer Reports and Zagat websites keeps consumers communicating and well informed.


    Entertainment Industry

    Media companies get a “blank check with a limit/salary cap” (what they are currently spending on talent). Actors/People in the Industry will receive a credit to their account, either negotiated with management or based on ratings.


    Sports

    Same as Entertainment Industry. (Sports are considered a public good.) Owner of team has a “blank check with a limit/salary cap”. Players must be clean of performance enhancing drugs and submit to regular blood testing. If they don't like it, they can retire or work in another industry.


    College athletes will be paid (accounts credited by the university) commensurate with TV ratings, playing time, and jersey sales. They will also be required to take blood tests. No compliance, no compensation. Other student performers will also be paid by the university (musicians, theater performers etc.) commensurate with attendance and/or TV ratings, if applicable. Gus Johnson and Bill Raftery do the Final Four.


    Insurance industry

    None. Ideally, the entire industry can transition into Safety and Preparedness – making sure levies are built properly, bridges are earthquake proof, nuclear power plants are out of harm's way. “Failing to Prepare is Preparing to Fail.” -John Wooden


    Schools:

    Universities will be the center of our society. Universities will help run/improve K-8 and high school. School will be year round. Teachers will have summer off (or a different season off). All classrooms, school grounds, and day cares will have video cameras enabling parents to monitor their child any minute, hour, second of the day. We make music a priority.


    Pricing:

    We pass a law requiring product prices to accurately reflect labor. Beers at the ballpark will not cost $9. Manolo Blahniks will not cost $645. Popcorn will not cost $6.50.


    Eventually we can (slightly) adjust hours worked to more accurately reflect their importance to society (i.e., 1 doctor hour equals 3 hours cooking - but we can decide that by vote, or like the NFL, in a courtroom). That way doctors can own the best real estate. But I have an inkling that musicians will be our most treasured asset.

    We can vote on all other issues or let the Supreme Court decide. Ideally all decisions will foster Health, Education, the Environment, and quality Journalism.


    In short, I'm trying to Maximize Labor. Maximizing Labor will compensate for the loss of taxes and private sector motivation.


    Thank YOU for Your Time,
     
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  2. saveliberty
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    saveliberty Diamond Member

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    You can call it, "I found a free lunch economy".

    Possibly, "I got no illegal immigrants and a zero population growth" economy.

    Can someone move this to the flame zone? HINT
     
  3. Ringel05
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    Ringel05 Diamond Member

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    I don't think that's what Machiavelli had in mind when he wrote you......... :eusa_whistle:
     
  4. freedombecki
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    freedombecki Let's go swimmin'! Supporting Member

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    Welcome to USMB, the Prince. Hope you find a good debate home here, and if not, there's always somewhere in the world you can find a symbiosis of minds, near Palau:

    [​IMG]
     
  5. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    What a stupid plan. Mob rule, economic slavery, and the worship of Need over Ability.

    No thank you.

    It's been tried before, and failed epically.
     
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    Last edited: Jul 12, 2011
  6. iggy pop
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    iggy pop Active Member

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    Are you a communist?
     
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  7. Brookhaven
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    Brookhaven Rookie

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    Actually, what he is describing as a lot in common with classic fascism. Mussolini in Italy, and later the German National Socialist Party (Nazi) instituted most of the reforms being recommended here.

    • Guranteed jobs
    • Businesses run for the good of the workers (ie, the state) and not shareholders
    • Price controls
    • "Drafting labor" and forcing individuals to stay with certain jobs for the greater good
    • Government childcare (the Nazis were particularly interested in getting children into government care as early as possible as they used the opportunity to "mold the young"; they even made it mandatory for children whether the parent worked or not)
    • Government health care
    • Full retirement benefits (dictated and controlled by the governement)
    • Forced "volunteerism" for the common good (the Nazis also had a tree planting program similar to what you describe, believe it or not)
    • Extensive govt. propaganda (you say no more advertising, but if the govt. is the only one allowed to "advertise", what you end up with is govt. propaganda)
    • Limits on how much people were paid

    Fascist proudly described themseves as totalitarians (in fact, Mossolini coined the term). They didn't mean dictator, what they meant was that everything in socieity (the total of society) fell under the pervue of the government. The author is describing a totalitarian society--classic fascism.

    A classic example of those that forget history are doomed to repeat it.
     
    Last edited: Jul 12, 2011

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