Money Free Party – historical interest only

As of August 2014 there was a Money Free Party created in NZ. The vast bulk of the work is being done by Richard Osmaston. I align with the need to move beyond money, and Richard and I have different ideas on how to most efficiently achieve that. So we were in active discussion (local copy)on that subject. Right now the most important thing is getting wider consideration of the ideas.
I did a critique of Zeitgeist ideas a long time ago.

[Update September 2017]

I agree with the end point of moving away from decisions dominated by market values, but not with the idea that it can be done by simply stopping using money.

Money and markets actually perform many different levels of distributed coordination and governance in society, and we need to have proven alternatives in place for each of those many systems prior to changeover.
That implies a transitional period, with transitional hybrid systems evolving over time.

Some sort of Universal Basic Income (UBI) seems to be the most viable strategy.

As a starter, I suggest setting it at $22K per person ($60 per person per day) to every citizen – non-taxable – to every person over 18 years old.
As a part transition, a single flat tax rate (50%) on all income, and all realised capital gain (inflation adjusted) on items over $5K. Realised in this sense means any time a capital item is sold, or a loan is raised using it as collateral such that the total of loans is above the normal ratio required for lending criteria (a simple algorithm for banks to implement automatically).
All minimum pay rates etc would be discontinued.
As people should be able to survive without employment, there should be an equality of bargaining power in employment scenarios that didn’t previously exist. People would have a real option of not working rather than working at a job that they felt unhappy with in any fashion.

Anyone earning under $75,000 per year would be better off immediately.
For couples with only one person earning currently – they would be better off up to $200,000.
People who wanted to work on projects of community benefit could do so, even if the pay rates were minimal.
Everything would be inflation adjusted annually.

This to be as a transition strategy until we have developed sufficiently useful strategies to replace all the complexity present in markets with other sorts of systems that are not based on exchange values, with all the incentives against universal abundance embodied in the value of exchange.

Comment and critique welcome

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