Better Democracy and Capitalism
A Timistic Vision of Humanity
for the Third Millennium

Lifehours: A New Currency

Uniting the Symbols and Substance of Our Time


The problem with currencies throughout history has been the ability of a few people (hereditary kings, habitual politicians, currency speculators, and tenured economists) to manipulate the value of currency to the detriment of many people.
  1. Who are the many people? Those who spend the substance of their time solving problems which creates the real wealth. 
  2. Why the manipulation? To get something for nothing.
  3. Why is it possible? Because the symbols of people's time in solving problems and creating wealth are not united with the substance of their problem-solving. Their time!

Humanity needs a currency that is simultaneously substance and symbol--the lifehour.

The lifehour is a currency whose time has come and will come. How soon it will be the real currency to stop the manipulative theft is up to people like you.

The essence of currency is found in the expression, "What is your time currently worth?" If a person solves a problem, one is creating or saving time. That created, quantifiable time is what you are currently worth. That saved, quantifiable time is the absolute, existential, honest basis of what constitutes a profit, literally and figuratively. Profit comes from Latin, pro esse, that is, forward existence, being or time. If no time is created then there is no profit. There clearly is no profit if time is wasted, stolen or destroyed.

The above synopsis of currency is what economics should have as a bedrock and foundation.

For the purposes of economic and political reform through the website that you are visting--Better Democracy and Capitalism--the lifehour is a barter or accounting system for solving the problems of our world. Like all currencies, it has life only to the degree that it is accepted, traded and used by the productive people of a society. If you believe

  1. in the need for better currencies, democracy and capitalism, and
  2. others will join your view,

then your efforts on behalf of a better life will not be wasted or unrewarded. As more  people acquire lifehours, it's existence becomes a reality.

You can record your lifehours--the hours of your life--spent in promoting Better Democracy and Capitalism . You will receive lifehour credits--future tax credits: volunteerism for of time and money.

America is in the process of a leverage buyout of public policy making from a board of directors composed of corrupt habitual politicians. The Grade AAAA bonds for this leverage buyout are lifehour tax credits.

Pretty slick, if you think about it. The realization, creation and facilitation of the ultimate currency as lifehour tax credits of, by and for Better Democracy and Capitalism.

Some will view lifehours as a debatable, marketable concept. They are wrong. As a currency, lifehours are as much a part of the future as currents of water. Upon the liquidity of these immutable financial instruments will float humanity to a rennaissance of hope and civility.

On a soft note--pun intended--lifehours are the ultimate soft money of political campaigns, $3 billion for starters.You can't get much softer than creating money out of thin air. Rather than being soft money to promote special interests, this existential soft money will promote the general interest of better democracy and capitalism. Lifehours transcend and terminate all other soft money funds in public policy-making.

Promising tax benefits for a political or economic agenda is not new. Habitual politicians get elected promising tax exemptions, supports and credits. But they do this only if you promise to help them get elected. Your lifehour tax credits accumulate as a result of your solving problems or helping develop a better, more democratic problem-solving process through the internet. The difference is how Democratic Capitalism is a process that organizes and rewards people for leading themselves in solving their problems. The difference is that no one is pulling out old promises from the closet every 2,4, or 6 years, empty political promises to lead and cure.

The lifehour tax credit is better than the vouchers for schools. As vouchers portend to increase choice and accountability, the lifehour will increase the quality of public policy-making. In part, the lifehour will flush out the habitual politicians who are responsible, more than anyone, for bad politics and bad schools. If we are going to have vouchers, let's start at the top with the best one, the lifehour tax credit for those who will vouch for better government.

The habitual politicians cater to enfranchisement if it will buy them vote. The Democrats knowing that certain groups are less likely to make the effort to go to city hall to register to vote, pushed a law to register people to vote in lots of places, the so-called motor voter law. Will they spend money to let us vote for ourselves to replace them? No. So we must create the system and the money for so doing: on-line democracy and capitalism: colfilperhone and lifehour tax credits. When WE, the people, have the power, we will retroactively value our efforts for better democracy and capitalism.

When lifehours have become a law of the land for use in rewarding citizens for their community service, your accumulated lifehours will be amortized over twenty (20) years for annual reduction of your annual tax dollar obligation to the federal government. If you have 2000 lifehours, then you will be able to take a yearly 100 lifehour credit in current dollars as tax dollars. If the average hourly wage is $10, then the deduction is $1000. If $12.50, then $1250. There is a precendence for ending political and economic injustices through government bonds: compensated emancipation.

The amortization of lifehours over 20 years should be a wash in dollar for dollar tax costs to the tax payers. In the face of dollars saved by solving our problems, the taxpayer will come out ahead. The targeted cost of implementing Better Democracy and Capitalism is $3 billion. That is an annual cost of $100 million per year : thirty-three cents per American each year! Basically, the cost of each billion dollar lifehour accrual is a per annum debt of ten cents for each American over tweny years. Is it worth it?

Asked another way, "Will the American people begrudge giving $3 billion to those who act stop the habitual politicians that have given us:

  1. a $5 trillion national debt ($5,000,000,000,000) which is $78,000 per family?
  2. corrupt, fraudulent and insulting elections, e.g., a cocaine cowboy from Texas for President?
  3. pork projects for their re-election lapdogs?

Will Americans object? No.

Using future taxes to promote increased civil and voter rights is not new. The U.S. government spent tax dollars to promote civil rights and voting rights. Or, consider the petty lipservice to reducing campaign fraud by allowing a 1040 checkoff a three dollar contribution to the Presidential Campaign. More anciently, consider Abraham Lincoln's proposal of compensated emancipation. Some of those tax dollars came from deficit spending, i.e., we will pay for this problem-solving by borrowing from future tax receipts. That is what lifehour tax credits is all about ... except. Except we the people will determine what problems to solve through a democratic process.

Frequent Higher Smiles: People receive frequent flyer miles for doing little or nothing. Lifehours are analogous. For many long-standing problem-solvers in many community services ( Red Cross, Candy Stripers, Big Brothers/Big Sisters ), they won't be doing anything new beyond recording their efforts for more frequent, higher smiles. After establishment of the lifehour law, lifehours will be used to reduce ones health care costs.

The management level/multiple index multiplies the lifehour time by a variable based on how many people are supervised. (Wow, from where did this gobbledy gook from a wonk come?)

A brainbee is available for lifehours.

Index: The following links provide the theoretical foundations and justify the practical means by which more and more people will earn and own lifehours for their services in promoting better democracy and capitalism

  1. Idea Currency
  2. Record and Amortize your lifehours of effort.
  3. Bonuses: Simple, Residuals, Mega
  4. Transfers: Trading, buying and selling
  5. Listings: Writings ...
  6. Saving Social Security
  7. The A. Lincoln Precedence
  8. Global Democracy: Earning through prioritizing individuals or issues to solve problems
  9. Amendment to Constitution: Legalizing earning, amortization and use as problem-solving currency.
  10. Account Status, How to get a listing of your earned lifehours to date.
  11. Timism
  12. Q&A : You define the properties of the best currency and decide if you want what I found, the lifehour.
  13. Writings: Links are chapters or essays explaining or referencing the lifehour.
  14. Bobo: Take and Pardon


Quality Control Tools for Higher iCube ... Frog Leaping.
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(F) Internal Links, Relative (non-dated and ignore lifehour credit links): SI,
 > #1 leverage buyout 071101 Leverage Buyout of Habitual Politicians
 > #2 Habitual politicians 071101 Habitual Politicians: Habitual Problems and Terrorism
 > #3 colfilperhone 071101 Brain Bees to Solve Our Problems
 > #4 compensated emancipation 131010 Lifehours: The Abraham Lincoln Precedence
 > #5 Idea Currency 071101 Lifehours: An Ideal Currency
 > #6 Simple 071111 FAQ/EMAIL/Manual On-Line Forums
 > #7 Residuals 071101 Residuals from recruiting accounts
 > #8 Transfers Upload 021012 Trading Lifehours
 > #9 Writings 071101 Writing Index for Better Democracy and Capitalism
 > #10 Precedence 131010 Lifehours: The Abraham Lincoln Precedence
 > #11 Amendment 060328 Constitutional Amendment for Better Democracy in the Information Age
 > #12 Account Status 071113 Status of Actions and Accounts
 > #13 Timism 071101 Timism: Periodic Table of Existence
 > #14 24 in 4 071111 24 in 4 Text
 > #15 Capitalism and time 071101 24 in 4: Foreword
 > #16 Buying Power 071101 The Federal Reserve: It Cuts the Workweek!
 > #17 Pensions 071101 Universal Time Clock, Payroll & Policies
 > #18 Community Service 071101 Healthcare: Community Service
 > #19 Community Service 071101 Tax Ax: Product Transaction
 > #20 New Currency 071101 Capitalism & Currency
 > #21 Human Currency 071101 Gold or Another 4-Letter Word
 > #22 National Worth 071101 Gold or Another 4-Letter Word
 > #23 Human Worth 071101 Gold or Another 4-Letter Word
 > #24 Symbols=Substance 071101 Gold or Another 4-Letter Word
 > #25 Ideal Currency 071101 Gold or Another 4-Letter Word
 > #26 Creation 071101 Gold or Another 4-Letter Word
 > #27 Implementing 071101 Gold or Another 4-Letter Word
 > #28 Perfect Currency 071101 Gold or Another 4-Letter Word
 > #29 Lifehours 071101 Lifehours: Symbols Are Substance
 > #30 Production Parallel 071101 Currency, Chapter 3: Historical Trends
 > #31 Foot\Pound Parallel 071101 Currency, Chapter 3: Historical Trends
 > #32 Need for 071101 Currency, Chapter 3: Historical Trends
 > #33 Work Conservation 071101 CURRENCY, Chapter 4--Durability: What Production
 > #34 Chapter on lifehours 071101 Ecos Nomos: The Needed Economics, Chapter 2--Lifehours
 > #35 Productivity: Workhour vs. Lifehour 071101 Ecos Nomos: The Needed Economics, Chapter 8--Productivity: Forward
 > #36 Capita Equality 071101 Ecos Nomos: The Needed Economics, Chapter 8--Productivity: Forward
 > #37 Corporate Ownership 071101 Economics: The Politics of Time Chapter 1 in MANAGING w/o MANAGERS
 > #38 Increased Human Worth 071101 Goals and Growth Chapter 2 in Managing w/o Managers
 > #39 Personal Growth 071101 Fingertip Productivity Chapter 4 in Managing w/o Manager
 > #40 Stock Equivalence 071101 Fingertip Productivity Chapter 4 in Managing w/o Manager
 > #41 Stock Ownership 071101 Profits: Who Gains? Chapter 6 Managing w/o Managers
 > #42 Chapter 071101 Lifehour Evolution Chapter 9 in Managing w/o Managers
 > #43 Deflation 071101 Necronomics, Chapter 10: Productive Deflation:Democratic Tailoring
 > #44 Inflation 071101 Necronomics, Chapter 10: Productive Deflation:Democratic Tailoring
 > #45 Record Effort 071101 #1 Reform, Principles of: Reformation Overview
 > #46 Direct Tax in Time 071101 #1 Reform, Principles, Chapter 4: NUSA, National Universal Reform Act
 > #47 Amortized Tax Credit 071101 #1 Reform, Principles, Chapter 4: NUSA, National Universal Reform Act
 > #48 Unit of one's worth 071101 #1 Reform, Principles, Chapter 4: NUSA, National Universal Reform Act
 > #49 Basic NUSA wage 071101 #1 Reform, Principles, Chapter 4: NUSA, National Universal Reform Act
 > #50 Record of Service for Tax Credits 071101 #1 Reform, Principles, Chapter 4: NUSA, National Universal Reform Act
 > #51 Quantify Donations 071101 #1 Reform, Principles, Chapter 4: NUSA, National Universal Reform Act
 > #52 Unique Uses 071101 #1 Reform, Principles, Chapter 4: NUSA, National Universal Reform Act
 > #53 Colfilperhone 071101 #1 Reform, Principles, Chapter 4: NUSA, National Universal Reform Act
 > #54 Charter account 071101 #1 Reform, Principles, Chapter 4: NUSA, National Universal Reform Act
 > #55 Recruiting 071101 #1 Reform, Principles, Chapter 4: NUSA, National Universal Reform Act
 > #56 Workhour Conversion 071101 #1 Reform, Principles, Chapter 5: Time Investment Stops Inflationary Suffering
 > #57 Apportioned to Government Units 071101 #3 Reform, Taxes: Timely Taxation
 > #58 Hermit Analogy 071101 # Reform, Taxes: Timistic Analysis
 > #59 Per Capita Productivity 071101 # Reform, Taxes: Timistic Analysis
 > #60 Cost of Goods and Services 071111 #4 Reform, Employment and Education, Chapter 4: Principles and Faith for Compression
 > #61 Deflation 071111 #4 Reform, Employment and Education, Chapter 4: Principles and Faith for Compression
 > #62 Productivity Per Capita 071101 #4 Reform, Employment and Education, Chapter 2: Compression of a Time Conversion
 > #63 Homepage 071101 Lifehours Index of Webpages
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