Equity participation for all individuals and nations - on blockchain, pooled as SWFs
Ability to borrow against present and future value of equity in SWFs/savings accounts
Sources of funding for individuals and the state:
Equity in businesses (pooled in SWFs, but personalized for individuals)
Savings: both voluntary and mandatory form (« superannuation « model )
Taxes: relatively low income taxes on individuals and companies
relatively high estate taxes
property taxes on non-agricultural land
Income, wages and investment returns for individuals.)
Uses of SWFs and savings plans:
Government budget : education, health, basic housing (Singapore model), infrastructure, R &D, defense.
Savings plans can be used for personal uses during lifetime for education, healthcare, housing, etc...
All individuals tokenized to participate in the economy, on the blockchain as well is given digital currency to participate from the start
Nations and individuals have balance sheets
Equity value of individuals:
Equity value of nations:
Liabilities of individuals and nations :
Physical cost, environmental liability
Climate: inflationary for now
Most important investments:
intellectual resources both science and humanities, infrastructure and R & D - financed long term
World digital currency
World trade evolution: hard to trade > trade > fungible/digital. Increased velocity and deceased friction.
World finance evolution: no physical ownership > physical ownership > mortgages > digital assets and finance well into the future - not tied to physical life. Increased velocity, financability and tradability.