1 - It would require a huge amount of state intervention to implement.
We are already essentially using electronic money, and the cost of compute resources is getting cheaper by the day. I already get nicely itemized statements from my credit card and bank. The cost of implementing it is minimal, and no government intervention is needed. Its just a matter of tracking some additional data bytes to what is already tracked.
2 - It penalizes some people for the actions of others.
Precisely. The current system rewards some people for the actions of others, while zeroing liabilities. Asymmetric, as I noted before.
Wrt to fuels...
I can already specify a green 'source' for my electricity, even though it is delivered over a common grid. I think such is over a decade old in parts of the USA. Right now, green sources tend to cost more, i.e. I decrease my heirs inheritance by choosing green sources now. The equation might be much different if risk were part of the inheritance. Thats what I'm addressing. What if global warming itself was positive? Then my heirs might benefit from my lifelong CO2 production. Metamoney would simply be a means of more fully capturing risk/reward for actions. Its the final step in monetarizing life. Of course, one could assign decay rates to all actions, which would reflect reality to some degree. CO2 does not have infinite life in the atmosphere, and nuclear byproducts eventually decay, some, such as fusion products are much quicker than others, such as fission products.
The eventual real or potential costs are probably too complicated to figure out even after the fact. And reasonably to impose the cost for actions taken today I think you should have to be able to at least approximate the cost before the fact.
Thats what marketplaces are all about amigo! Don't be afraid of them! You or your heirs can always buy and sell your legacy. Financial institutions could implement something like metamargin to determine if you are worth dealing with for financial transactions. The point is, NO collective safety net to hide under in the negative direction. 100% risk and 100% reward for the totality of ones life. It gets rid of all the political squabbling.
BTW, there is no problem with figuring out downrange effects, because they are always subject to market revision. If some of your metamoney is currently out of favor due to the best understanding of the marketplace, next year it might be viewed differently when some new knowledge or technology has come to light. Thats life. |
