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Re:Open Libra: An open platform for financial inclusion by gremlinsinc on Wednesday October 09, 2019 @05:10PM (#21208122)
that would be a pretty cool concept, but then you have to trust the banking authority, if all money is electronic, of course if you're not a criminal and if we don't have china-like social network in place it may be fine.

I think this could work, if all are taxed then all will feel more equal, the system could maybe funnel a little more $$ at the lower echelons of society than the upper's -- maybe have it simply raise networth's to some arbitrary minimum... make sure everyone has at least 1k in the bank at all times for instance to cover rent regardless of socio-economic factors.

We'd need to do away w/ cash though, or people could game the system by just withdrawing it all to appear 'poor'.

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