> A town, city, state or country can provide its community with a basic income that is backed by the value created by that community.
It's not clear to me why the value created by people living inside those types of communities should be aggregated into a single monetary device. In a town, there are various groups of people working together to produce different products in different kinds of economic activity. Some make profit and thus can distribute the produced value, some don't make profit and can't distribute anything.
Those groups are usually called companies, corporations and so on. They already have a system of exchangeable tokens representing both ownership and decision rights regarding the activity of the group and the redistribution of its produced value. Those tokens are called shares or stocks. It's a nice system that does not work too bad, though I'd agree that a bit of decentralization would be welcome.
But fusing those tokens from different companies into a monetary tool that would represent the activities of a larger group controlled by political structures such as a "town, city, state or country", seems to be a gross loss of granularity that would probably result in dramatic economic inefficiencies.
It's not clear to me why the value created by people living inside those types of communities should be aggregated into a single monetary device. In a town, there are various groups of people working together to produce different products in different kinds of economic activity. Some make profit and thus can distribute the produced value, some don't make profit and can't distribute anything.
Those groups are usually called companies, corporations and so on. They already have a system of exchangeable tokens representing both ownership and decision rights regarding the activity of the group and the redistribution of its produced value. Those tokens are called shares or stocks. It's a nice system that does not work too bad, though I'd agree that a bit of decentralization would be welcome.
But fusing those tokens from different companies into a monetary tool that would represent the activities of a larger group controlled by political structures such as a "town, city, state or country", seems to be a gross loss of granularity that would probably result in dramatic economic inefficiencies.