Abolishing and Eliminating Currency is a viable proposal.

In retrospect, I should have posted my remaining responses to your first set of arguments in the comments section. I believe we have reached somewhat of an agreement on what the core argument is to prove whether this plan can be viable, that is individual"s time contribution being equal (Logistics). So, I will focus on that. I will also respond to CON responses regarding Equal Credits for Equal hours and Risk vs. Reward (Popular Acceptance), R & D investing (Sustainability) and Morality. I would like to state, again for clarity, that currently, during your working years, earnings covered by Social Security are posted to your Social Security record and you earn credits based on those earnings. (I did have a typo on the second response that said it currently recorded hours, so thank you Supercooper for pointing that out). The proposed change is to record a person"s earnings in "hours" instead of "dollars". *Logistics - The system is already in place and performing nearly the same reporting and recordkeeping. It would not be difficult to change the reporting and recordkeeping from dollars to hours. So the answer of viability as it relates to logistics is positive. *Equal Credits for Equal Hours " Putting aside economics for a second, in order for a society to thrive we do need specialists. A person needs training for any field of specialty. Given a choice (I use the term loosely to include a person that may not have a true choice due to many circumstances) of an occupation, a person would choose one that he/she desires. One may choose to become a rocket scientist and receive a decade of training. That training is provided by a school, mentor, military, on the job etc. Those hours of training would be part of their earned hours and count towards their social security contributions. While that person is receiving their training others in society are contributing in other ways as I pointed in the debate intro. My point here is that some people may not want to go to school and may be content working as a ditch digger and coming home without a care in the world. A rocket scientist may not want to work as a ditch digger. So then who becomes the valuable one? Will some people be content answering phones, of course. Will some people have a burning desire to chase their dreams, of course. I submit that those people will continue to pursue their choice of trade just as passionately as in our current system. The major difference is that in the time contribution system there will be more opportunity for them. Occupational choices will be more available as companies will expand their hiring to fulfill the empty positions, which were a result of lack of affordability. *Risk vs. Reward " This time contribution system is an Entrepreneur"s dream! To have the opportunity to produce a best in class product/service without worrying about costs or making a profit can never be accomplished in our current system. It will be more favorable to a free market than what we have now. A person can submit a business plan (similar to what SBA currently requires for financing) and if accepted they are a business owner. There can be transitional stages where the new businesses must meet certain milestones over a period of time in order to stay in business. Businesses will need subscribers or customers to stay in business. Consumers will have more power than they do now because they will no longer be limited by the cost of products/services. The power to be able to subscribe or acquire what they actually want versus what they can afford. The reward to the entrepreneur will be to have more subscribers by offering a better product/service. It may even be the demise of Walmart type retailers. I smile every time I imagine the variety of foods in mom and pop restaurants that will open up. The outlook of viability based on Popular Acceptance is positive. *R & D Investing " The fastest road to a light saber is not one with a currency system but in a time contribution system. The time contribution system removes cost limitations on research so companies can produce your light saber faster. Supercooper stated that "Freer competition increases the amount of technologies, medicines, and the things that make life better that are produced." This is exactly my point. Unlimited R & D, more competition, more safety, better protection of our environment, etc. Drugs companies can finally find cures to problems because they won"t need to worry about repeat sales. We can finally get everlasting light bulbs, tires etc. Companies will be forced by consumer demand to provide best in class products as opposed to cheap products. There will be more companies allowed in business and that will help stimulate innovation. I want everyone to thrive as well, equally. When you eliminate the need to make a profit and only focus on making the best of class end products we all win. Companies will now focus on producing durable environmentally friendly based products. Products can be researched and developed without limitations of cost. Can you imagine the advances in technology, science and engineering? Why would we need a patent office anymore? Sustainability is positive. *Morality - I'm not saying that consumerism is bad, I'm saying that the current economic system depends on it and therefore it would have a ripple effect of catastrophic consequences on our economic system when people reduce spending. All persons seek well-being and perfection. This idea of a time contribution system lends itself to the greatest efforts toward progress, and the greatest possible equality that is compatible with individual responsibility. The Bill and Melinda Gates Foundation recently issued their 2012 Annual Letter From Bill Gates. http://www.gatesfoundation.org... Two mentions in his letter I thought worthy of pointing out that are relevant to what I am trying to convey here are: "When Melinda and I started this work more than a decade ago, we were inspired by the conviction that "all lives have equal value." And "Because of that money, the poorest infants in the world will start receiving the same vaccines that infants in rich countries receive." - Bill Gates My point here is that here is one of the richest couples on Earth and what do they covet? Benevolence! Regardless of how much money anyone has they usually feel desire for more. Not only in terms of financial but in terms of culture and morality. Morality today is motivated by either need or fear. I hope this future system of living with less greed changes our view of morality towards one of love for people. I believe that benevolence can replace some of the greed we have grown up with.