Money and Time

Is there enough money in the world for everyone to have enough? If so, how would it affect the economy if everyone did?

Besides on hand currency, money as owned by the common people, is nothing more than ones and zeros stored inside computers. Positive and negative numbers. These positive and negative numbers are stored inside banks are the property of the bank. The negative numbers represent the monetary value of assets owned by the bank. To the extent that negative numbers in the form of loans are stored inside those banker’s computers, the associated property is owned by the bank. The person’s future positive income numbers are used to offset negative loan numbers.

Economies will always operate. If we need a currency, we can use rocks as long as our society agrees and accepts the rocks in exchange for goods and services. In the age of instant information provided by computer networks, buyers and sellers meet one another in an electronic market. Given the immediacy and persistence of information, barter economies in the modern age could work. The currency of a barter economy is comprised of products and time.

The question itself masks deeper issues. The fundamental issue is human time. Is there enough demand for human time so that everyone is able to earn money. As demand for human time decreases because of automation, where will the jobs come from?

Suppose we were to create an economy based upon the value of human time. I invest forty hours per week which established my value in the market. I am the producer of 40 hours of productivity. My time is banked and only converted to money when I have bills to pay. I pay taxes when my time is monetized. If I need to borrow extra money it is available at zero percent (0%) interest rate.

Solve poverty by lending people money and expecting them to pay it back from future monetized time investment. The book “Newland 2084” these topics and proposes a workable solution to Poverty.

Invention How To Sell

This answer is in response to the Quora question I have an invention idea but it's out of my hands to ever do it. How can I sell my idea?.

Newland Cooperative of Minnesota and the book “Newland 2084” deal with how an idea person can help bring a patent claim or any creative product or idea to market by joining in a membership cooperative. Newland Cooperative of Minnesota is an incubator cooperative. It contains a recursive set of membership based cooperatives, one of which is associated with your invention. When your invention grows up and generates income, that income is shared in a manner fair and beneficial to all concerned. You, those who directly helped you, those co-ops who helped you.

Your co-op will be spun off to operate under its own accounting books once it generates taxable income. If your idea includes franchisees, they will all pay a royalty share of their gross income to your cooperative and your co-op recursively does likewise to its parent, all the way to the top. A share of the profit and a share of the royalties flow to the parent co-op or co-ops in a predetermined share arrangement, per a democracy of the co-op membership, subject to rules within each co-op. The minimum royalty from the first dollar of gross income is one part in seven-hundred-twenty parts share of gross income as royalty.

Everybody pays a small gross income royalty back into the Newland Royalty Fund. Your cooperative does. All of your ancestor and descendant co-op pay royalties. Every active Newland co-op pays its royalties. Royalties are based on a share of gross income, which is a transparent factor.

STARTUP YOUR IDEA CO-OP

The starting principle is that a group of inventors, writers, artists, and so forth decide to pool their ideas, patents, copyright, and trademark rights inside a cooperative business. They become members of the Newland Cooperative of Minnesota.

If your invention looks worth developing further it will get members interested in your endeavor in their various social media feeds. Others will will want to become members of your virtual co-operative. That means other inventors, writers, artists, musicians, actors, engineers, materials specialists, prototype builders, lawyers, social media specialists will sign up to help with your invention.

Time investors will flock to your idea. We will vote. Your idea has become our idea, as a virtual co-op housed within NewlandCoop.com. Volunteer will invest time in your effort. Time will be recorded by time invested on task working on all aspects of getting our product to market. As income from sales of your invention arrives it will pay for approved time investments, they will pay expenses and the profit is distributed as patronage, based upon the amount and value of the time invested.

Once you have received your share of the profit and your cup is full, the excess of your cup flows to those most directly involved until their cup is full. The flow of a blockbuster movie fills many cups, initially as transparent royalty income up to their hourly rate and then in the tail of transparent royalty income of residuals.