I have been workshopping a similar concept, though it goes a bit further. Income is ranked - the lowest rank being UBI. When you are being educated or hold a job, your UBI income is replaced with a greater amount of money. Education has sub-ranks based on your grades, to help encourage people to take a job once they have acquired the credentials to do so. Jobs come as five ranks, based on the Effort, Risk, and Knowledge they require. $10k for UBI. $10k to $20k for education. $40k a year for the lowest jobs, such as clerks or waiters. $60k for more strenuous or educated tasks, such as warehouse workers, police, or librarians. $80k for firemen, and $100k for the last rank. Astronauts are an example of the highest grade.
Leadership roles don’t automatically receive a pay grade. Workers have to vote for the income of leadership, which is taken from the company after normal employees are paid. Earning retirement pay is 1:1, with each day worked, earning a day of retirement income. As AI automation becomes more common, displaced workers can enter a lotto to receive an job-based income. Companies using AI have to pay into the lotto, because they have wealth caps based on the amount of jobs they are paying for. So a company with lots of employees or job sponsorships has a larger amount of money it can contain. Sponsored jobs can vote on leadership pay and actions, just like employees.
There is a bunch of other details, but the intent is to create a system of absolute limits on wealth and income from all sources. This helps limits corruption and excessive wealth, plus it fights inflation because everything’s cost will be based on how much income society receives.
I would implement an Universal Wage Cap, and Universal Basic Products and Services.
The first doesn’t allow to earn above certain point, everything beyond that gets taxed.
The second one ensures that people don’t need to pay for their most basic needs.
I have been workshopping a similar concept, though it goes a bit further. Income is ranked - the lowest rank being UBI. When you are being educated or hold a job, your UBI income is replaced with a greater amount of money. Education has sub-ranks based on your grades, to help encourage people to take a job once they have acquired the credentials to do so. Jobs come as five ranks, based on the Effort, Risk, and Knowledge they require. $10k for UBI. $10k to $20k for education. $40k a year for the lowest jobs, such as clerks or waiters. $60k for more strenuous or educated tasks, such as warehouse workers, police, or librarians. $80k for firemen, and $100k for the last rank. Astronauts are an example of the highest grade.
Leadership roles don’t automatically receive a pay grade. Workers have to vote for the income of leadership, which is taken from the company after normal employees are paid. Earning retirement pay is 1:1, with each day worked, earning a day of retirement income. As AI automation becomes more common, displaced workers can enter a lotto to receive an job-based income. Companies using AI have to pay into the lotto, because they have wealth caps based on the amount of jobs they are paying for. So a company with lots of employees or job sponsorships has a larger amount of money it can contain. Sponsored jobs can vote on leadership pay and actions, just like employees.
There is a bunch of other details, but the intent is to create a system of absolute limits on wealth and income from all sources. This helps limits corruption and excessive wealth, plus it fights inflation because everything’s cost will be based on how much income society receives.