The tyranny of savings

[Lynx]

Premise:
That the freedom to accumulate surplus indefinitely leads to tyranny.

Symptoms:
Extreme wealth and poverty; a lifetime of servitude towards achieving various financial goals; acceptance of risk for some, fear of risk for most.

Proposed alternative:
A reset economy, where surplus is redistributed after a set period. Scenarios include redistribution of all means of exchange; redistribution of non-work income; requirement to consume one's surplus through spending.

Crystal ball:
In a system where individual accumulation is reset-limited, investment and spending will favor those areas that promise tangible improvements in quality of life. Longer term goals will become less popular or impossible. Risk issues, such as health care, and accumulation issues, such as education and retirement, will have to be made to work within the new paradigm. Prices will fall. Inflation will be replaced with deflation. 'Growth' will be more closely tied to improvements in productivity and QOL issues.

I release this thought trial balloon for target practice :)

[pusher robot]

Premise:
That the freedom to accumulate surplus indefinitely leads to tyranny.

Symptoms:
Extreme wealth and poverty; a lifetime of servitude towards achieving various financial goals; acceptance of risk for some, fear of risk for most.

Proposed alternative:
A reset economy, where surplus is redistributed after a set period. Scenarios include redistribution of all means of exchange; redistribution of non-work income; requirement to consume one's surplus through spending.

Crystal ball:
In a system where individual accumulation is reset-limited, investment and spending will favor those areas that promise tangible improvements in quality of life. Longer term goals will become less popular or impossible. Risk issues, such as health care, and accumulation issues, such as education and retirement, will have to be made to work within the new paradigm. Prices will fall. Inflation will be replaced with deflation. 'Growth' will be more closely tied to improvements in productivity and QOL issues.

I release this thought trial balloon for target practice :)

Didn't you already propose this precise idea in an earlier thread?

[Lynx]

Didn't you already propose this precise idea in an earlier thread?
Yes, but it got bogged down with the implications of a fixed money supply, an indirect attack on monetary policy, and adding the condition that the currency exchange market no longer existed.

[Dean]

Yes, but it got bogged down with the implications of a fixed money supply, an indirect attack on monetary policy, and adding the condition that the currency exchange market no longer existed.

If the economy is still based on competition or entrepreneuership, wouldn't this be destroyed by "rersetting"? If it isn't, then why do you have to "reset" the economy?

[Lynx]

My assumption at this point is that business, workers and consumers would be able to adjust to a reset economy. This may well be the first point of attack.
To answer your second question, a reset places a time limit on the accumulation of money, thereby limiting individual savings.