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Topic: Thought experiment: Resetting spendings each month; what would happen? - page 3. (Read 4420 times)

newbie
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A new currency (more likely currencies) would arise almost instantaneously.

What you described isn't money, and unless people were forced to use it for certain things, wouldn't ever be used for anything.
legendary
Activity: 980
Merit: 1024


I have the impression this would pretty much extinguish poverty, and the prices of things would quickly reach an optmal value. But without actually doing away with having rich people; the rich would be those that develop means of offering things lots of people want in a big enough quantity so that lots of people can afford to pay for that thing (product, service etc).

I'm not quite sure how things would work when dealing with foreign tourists and busyness people outside the country etc though.

The cause of poverty is not that some have more than others, but the fact that there isn't enough  goods and services to go around.
hero member
Activity: 616
Merit: 500
Firstbits.com/1fg4i :)
Lots of people here seem to have a head for understanding how economies and the people running them tend to behave, and enjoy talking about this. So i offer this idea for you guys to chew on, lemme know what you think:




What if the governament imposed a system like the following: at the beggining of each month, each citizen will own a fixed amount of "money", a virtual currency infinitly divisible, they can spend the money as they want during the month, there would be no enforcements for prices, wages etc. But at the beggining of the next month everyone's bank accounts would be reset, so that once again everyone owns the same amount of "money".

The "money" would need to be a virtual currency (instead of somthing with physical representations like coins paper bills that people can hide) to make it easy for the governament to enforce the monthly reset.




I have the impression this would pretty much extinguish poverty, and the prices of things would quickly reach an optmal value. But without actually doing away with having rich people; the rich would be those that develop means of offering things lots of people want in a big enough quantity so that lots of people can afford to pay for that thing (product, service etc).

I'm not quite sure how things would work when dealing with foreign tourists and busyness people outside the country etc though.


How do you expect things would go with a system like this?

And has anything similar to this idea been tried before in a big enough scale? If yes, how did it go and what were the differences and similarities?
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