Funding life in a community
How does a community raise money for its inhabitants
+
–
–
Money is stored labour and represents a claim on future production.
How do we fund shelter, food, bills in a community setting
No child categories.
+[question]
method Societal debt - social credits
Let people borrow £500,000 from the community over 50 years, receiving £10,000 a year or £833 a month
method Ecosystem of communities
A network of communities, each governed as a dao, mutually vested, regulated thru nft contracts, neighbor helping neighbor, building common economy as interlinked net of economies
+[idea]
+[project]
In the UK we have printed £895 since 2009 and £250 in one year 2020 alone.
This is a lot of additional money entering the economy.
We can approximate guess revenues year on year with predictions. By giving everybody money we are making a prediction of the wealth they will produce and pay back into the economy.
We live in a society where people have to produce before they are given something. They have to work and earn money to pay for shelter.
If someone wants to spend time inventing something or producing something of their own, they need to have capital. Most people don't have capital. That's why we need to fund the basics for people.