Robert Thibadeau
1 min readNov 16, 2024

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"Telling me history doesn’t address the moral or ethical justification for money creation, or the inevitable and most likely effects of adopting a rather simple rule to establish structural economic self ownership and the rightful equal ownership of global human labor futures market. As equally participating human beings."

The guy who 'invented' Social Credit argued essentially the same thing. One difference is that he argued and Keynes agreed, that taxes were just a form of enslavement by the government to force people into labor on behalf of the government. Remember income taxes were invented more recently after fiat money. Take away taxes and people can work simply for themselves. You would argue, I think, they should contribute their labor to a "labor futures market". Social credit provides a discount on taxes based on the labor contributed to the good of the state's economy. Ultimately, no taxes. My argument is that you don't need this, unless you want enslavement, since growth itself will pay all the taxes needed to run the state government. Creating a "futures market" means, to me anyway, another place to gamble your money. And again, finding an institution that could or would print money on a global scale to pay everyone money just for being human is a lot of bridges to cross. You could argue that bitcoin currency could be the thing, but sadly that is not how bitcoin and other digital currencies have evolved in practice.

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Robert Thibadeau
Robert Thibadeau

Written by Robert Thibadeau

Carnegie Mellon University since 1979 — Cognitive Science, AI, Machine Learning, one of the founding Directors of the Robotics Institute. rht@brightplaza.com

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