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There is a new trend in the U.S., it's called - Time Banking
#3

I think the idea is to, within the boundries of one community, share skills in a way that allows people with differing incomes access to each other's skills without directly benfitting one another. For example, in a community of 4 people; Adam, Brian, Carol and Dick (A,B,C and D), A could give one hour of accountancy to B, B give one hour of swimming instruction to C, C looks after D's kids for an hour and D mows A's lawn.

In that example, A would have expected from his hour of work to be able to pay D to mow his lawn and have money left over but D may not have made enough money to pay C. With a Skill/hour based community ecconomy it is recognised that each persons skill, is as immoptant as another and the community as a whole grows without a percentage having to be payed in tax to the government.

It's a communistic view and doesn't work very well when it comes to individuals purchasing items that are not available inside the group, such as computers, but can work quite well as a complimentary pay/work system.

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Messages In This Thread
There is a new trend in the U.S., it's called - Time Banking - by supercommierussian - Mar 28, 2010, 05:44 AM
There is a new trend in the U.S., it's called - Time Banking - by OmegaZero_Alpha - Mar 28, 2010, 03:46 PM
There is a new trend in the U.S., it's called - Time Banking - by Agro - Mar 30, 2010, 10:18 AM
There is a new trend in the U.S., it's called - Time Banking - by Rostov - Mar 30, 2010, 10:55 AM
There is a new trend in the U.S., it's called - Time Banking - by supercommierussian - Apr 03, 2010, 04:13 AM

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