When sufficiently motivated, we will purposively work in the best interests of each other. It is meaningful to do so. We need confidence in each other and the system.
Faith is helpful in the face of adversity. Presently, without fundamental change there is little hope of an existence “of the basics of life” for the dispossessed in many nations. The large-scale funding of renewable energy sources to preserve our environment is also unlikely. We need to get the resources to where the priority need is.
In a “One World” scenario, assume that we all own the public debt that is created when agreed-upon, community-based endeavours are funded. Is there then a need to repay ourselves, or even pay interest on that debt?
To repay ourselves is circular. However, we can’t just flood the world with freely created money.
Too much money, chasing too few goods, will force prices up. Over time, it will take more money to buy similar goods and services than it previously did. Money will effectively become worth less and less.
I believe we need a metered approach where measured amounts of finance are formed and dispersed strategically into the community. By careful injections of finance, along with co-existent taxations, we can regulate the usefulness of the money. We can guide the buoyancy and inflation rates in each national economy.
Here, we are taxed at an appropriate rate principally to shape the purchasing power of money. The more that is injected into the economy, the more that is taken from it.
Money, instead of seen as an asset, is then best viewed as a type of fuel, or creative juice. We form a global organisation specifically to undertake the financial task of internationally allocating money and setting taxation rates. We monitor the aims and results of the system, and then make any appropriate adjustments. In each nation, local government and various smaller interest groups (including community trusts) allocate the financial resources.
If we could harness what we are beneficially capable of, what a different world it would be.
Jonathan Hansard
