Search the Community

Time is our ultimate resource not money. Utilizing a system already in place to record our earnings we can tweak it to account for time rather than earnings. Currently, during your working years, earnings covered by Social Security are posted to your Social Security record and you earn credits based on those earnings. Using time as a measure of one's earnings over money can be an easy transition. Hours are already being recorded by most employers. Who then report those hours to the Social Security Administration (The SSA). The SSA currently measures the amount of earnings in credits to determine eligibility for social security. Therefore, little needs to change to effect implementation of a record keeping program for validating hours accomplished. Example of the model: People work (or study, community service, etc) and have their hours posted to their Social Security record. You earn credits for time worked. For illustration, let's say 20 hours of work = 1 credit. There can be several levels of benefits for the credits accumulated such as: Level 1 Benefit (2 credits) = Food Level 2 Benefit (3 credits) = Clothing Level 3 Benefit (5 credits) = healthcare Level 4 Benefit (10 credits) = car Level 5 Benefit (15 credits) = home Level 6 benefit (20 credits) = 1 additional credit Level 7 benefit (30 credits) = vacation We can add that missing work would subtract 1 credit for every x hours missed. There can be many variables that can be tweaked to make it a fair system. Bean counters would have a field day working this out. This wouldn't be nearly as complicated as our current system is now with how we handle compensation packages, taxes, entitlement programs, etc.. The logistics aren't important right now so I don't need go into any further details on that. Once you reach a level, you have the choice to procure the goods or services that come with that benefit at no additional cost to you. We as consumers are free to choose where we take our business. This is no different than our current system. Only now we prove this with a social security card that tells the business what level benefit we have reached. For example, you go to a restaurant show them your card, they swipe it to verify and provide you with the service and food. If you don"t like the food or service, you don"t return to that business. If no one returns, they go out of business. The owners may or may not be allowed to start a new business. That will be up to either the Small Business Administration or the Fairness Review Board or both. Conversely, business failure will be reduced because of proper preparation for success and the ability to hire business managers and mentors will have increased. Nonetheless, there is still a risk of failure and a reward of success, although not as devastating when a loss in our current system is experienced. check out the debate: http://www.debate.org/debates/Abolishing-and-Eliminating-Currency-is-a-viable-proposal./1/ http://thenewsocialsecurity.org/blog.php #thenewssa