Baby Steps To An Equitocracy

The following is a bulleted list of the steps to take to remove the state, democracy and capitalism to create an equitocracy. Equitocracys reward those who create value. Economic value is defined as equity. Equitocracy is the rule of those who have created the value in a political jurisdiction. Freeloaders, parasites and socialists have no power.

• Scale back government and public sector.
  • Work to eliminate all taxation.
  • Buy out privately owned industries
  • Transfer ownership to a socially owned trust.
  o All commercial operations owned by the trust
  o Give each citizen a Common Share in the Trust.
  • Trusts retain all persons who worked for a commercial enterprise
  • Pay a living wage to all employees of the trust.
  • Pay wages using preferred shares as a unit of account ( Ҏ = prefers).
  • All goods and services offered by the trust are priced in prefer units.
  • Divest the trust of all conventional money units.
  o Use all available cash to pay taxes and purchase commercial property
  • Transfer all surplus labor and assets to markets with higher Demand.
  • Provide each citizen with an account in the Trust.
  • Each commercial enterprise is represented by an account in the Trust.
  • Commercial accounts are divided into twelve sectors.
  o Each sector represents a distinct economic activity.
  o The transport sector moves goods and services for the Trust.
  o The educational sector teaches the children of the Trust.
  o The construction sector builds roads and other infrastructure for the trust.
  o And so on.
  • Have all social goods provided by the Trust’s economic sectors.