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Sounds like "time banking", which has myriad flaws. One of them is that your time is cheap when you're young and unskilled, and grows valuable as you grow old
by mritterhoff 1y ago
Sounds like "time banking", which has myriad flaws.
One of them is that your time is cheap when you're young and unskilled, and grows valuable as you grow old and become skilled
(and have less time left). Each <unit of time> isn't equal for the same person, much less between them.
https://en.m.wikipedia.org/wiki/Time-based_currency https://en.m.wikipedia.org/wiki/Time-based_currency
- robocat 1y agoYeah, we have 3 Time Bank organisations in my city (I'm not sure how they manage their economy internally): https://www.cinch.org.nz/categories/421/441/entries https://www.cinch.org.nz/categories/421/441/entries In New Zealand you can't put your professional work into the time bank (unless everyone wants to declare it as taxable). I was probably thinking more along the lines of: https://en.m.wikipedia.org/wiki/Tax_Freedom_Day https://en.m.wikipedia.org/wiki/Tax_Freedom_Day