In this podcast, Philip Rosedale discusses the concept of "FairShare," a novel digital currency system designed to promote stability and equitable wealth distribution. Fair share aims to address economic inequality by adjusting the money supply and ensuring equal redistribution, with a focus on keeping wealth disparities in check. It utilizes a transaction tax and income tax to fund its basic income and recirculate money within the system. The necessity for such a system arises from disruptive changes in society, like AI, which can exacerbate wealth inequality. Fair share offers a proactive approach to create more equitable economic systems and aligns with the values of fairness, transparency, and community-based decision-making.
Share this post