The Ten Principles of the New Money

The Computer Accounts

1. Money exists only in the computer accounts of individual people.
2. Only the individual owning an account can have money removed from that account.
3. Money cannot be transfered from one person's account to another person's account.
4. Purchases are made by having the amount of the purchase deducted from the account of the purchaser.

What Money can Buy

5. Money can buy only goods and services designated "luxuries."
6. Goods and services designated "necessities" are free to all, as needed.

The Paying Profession

7. It is the duty of a profession (to be called here "payers") to evaluate each person's work and pay them accordingly by increasing the amount of money in their accounts.
8. Only payers can increase the money in an individual's account.
9. All payers must be volunteers and all volunteers must be accepted unless and until evidence of their biased or dishonest payments is produced.
10. Payers can never have money or luxuries for themselves, even if they stop being payers. Next: Notes on the Ten Principles Back: Making it Happen Index: Index