Revised model: stronger re/taxes

[Richard Moore]

Bcc: usual suspects

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Greetings,

In this version, credits are contribution-exchange tokens within the Co-op (like Thank You's or Time Dollars), and shares are investment instruments. Credits are not redeemable for dollars (although someone might buy them from you if you sell at a discount).

The share selling price is the dollar equivalent of a credit value.

When you buy or earn a share, you get a free credit as a bonus.

Dividends are distributed monthly, proportional to number of shares held.

The Credit Bank will buy back shares at 6 x previous-month's-dividend (not a good idea to sell them, but you can).

I think this should be pretty good at minimizing sales and income taxes.

Please forward to anyone who might be knowledgeable and have feedback.

And of course your feedback welcome as well.

thanks for your many contributions,

richard

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PS: latest versions always here: http://groups.google.com/group/credit-bank-model/files

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[how...@earthandstraw.com]

http://www.transaction.net/money/

 

Richard, This site has some info on credit currencies and others....  Have you seen this one?

 

 

Howard Switzer, Architect
668 Hurricane Creek Road
Linden, TN 37096
931-589-6513
www.earthandstraw.com

[Richard Moore]

Hi Howard,

Yes, a nice summary. The common philosophy in the systems seems to be skepticism regarding monetary regulation, resulting in systems that are self-regulating but weak financially. They all seem to be assuming that the deflationary and inflationary cycles we experience in the dollar economy are due to unavoidable mismanagement. They don't realize it's all intentional robbery, and that the same mechanisms can be used to create intentional benefits instead.