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New Economic Thinking ... Blain |
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One of the big problems is that money and hourly remuneration behave independently, which does not matter very much when goods and services are produced and consumed in the same money area. But when the economy is global, massive distortions are introduced. At the same time, some people get paid inordinate amounts of money for their time at work, which is good for those that benefit, but not at all for the vast community of workers who get short-changed. |
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Money Now: No Unit Defined
Bell the Cats Without a standard, money numbers are out of control. In a program on CNN on March 6, 2008, Ben Rooney noted that three well known CEOs were paid $460 million over five years That's each $15,333 an hour. Money is not corn. It cannot grow. If some people receive more, other people must receive less. Bell those cats; express their incomes in years! To convert millions of dollars to years of work at $50 an hour, just add a zero. Thus: $1 million = 10 years $10 million = 100 years $100 million = 1,000 years $460 million = 4,600 years. We have a minimum wage; we need a maximum wage. $100 an hour would be $200,000 a year, more than four times as much as the U.S. median income of $46,000. A World Governor Not a person ... not a bureaucracy ... a world wage, price and money standard. A money certificate that is denominated in hours worked The hour meter governs us all. Money governs us all. Time governs us all. We can unite them to be our governor, not a person, not a bureaucracy, a standard of price, as simple as that. Hard to believe, isn't it? Just put 'Hour' on money and everything is going to be all right? If pilots were flying without altimeters and having many accidents, we could change the pilots. But that would not solve the problem. Better to give them altimeters. Today, money operates without a standard. The hour on money will give us the standard we need. We can cooperate more easily and effectively, guided by the visible hands of the clock worldwide. Let us agree that our standard of a fair price is: 'An hour of money for an hour of work.' |
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Bob Blain
2009 |
| The text being discussed is available at http://www.hourmoney.org/ |