2. By destroying resource allocation (not allocating through prices by rather some arbritrary calculation) thereby introducing the calculation problem almost overnight, wiping out the capital in all investment, as well as a massive motivational problem.
This is to misunderstand my position, as I hope the two posts above will help demonstrate. Nothing I propose will wipe out capital, just distribute it more equitably. Nothing I propose involves arbitrary calculations, just a whole load of people helping out a whole load of other people. Nothing I propose will destroy motivation, unless you are so crass as to suppose that the only motivation that matters is selfish, personal, financial gain.
Best wishes, 2RM