Page 36 - Systemic Reform Solutions 2015-2022
P. 36
Money creation (Willits) is standardized, centralized, stable, and ensures equality
of value between all nations. Willits are literally backed by the energy expensed
by individual People.
Full disclosure of compensation, and the fact that Willits can only be exchanged
for goods and services guards against political corruption and bribery, and is a
deterrent to illicit commerce.
Process Highlights:
Willits are created when an individual works in either a Standard Needs Earned
Equity position, or a Capital Market position.
Willits are created based on thirteen standard factors:
1. Age
2. Life expectancy
3. Hours worked
4. Work hardship levels
5. Skill level or task
6. Position hierarchy
7. Shift differential
8. Travel compensation
9. Over-time
10. Economic and Social Adjustment standards
11. Conservation Incentives
Bonus structure
12. Good health and social interactions
13. Production efficiency
Willits are used exclusively for the procurement of goods and for the payment of
compensation to individuals for services rendered.
To prevent the dead from affecting material existence and limiting the potential
of new generations through taxation and debt, Willits cease to exist upon the
death of the individual and their spouse (or the adulthood of minor child/ren), as
well as any debt owed to the deceased.
The Willit Monetary System ensures money and work have true value, and is preventive
of unearned compensation and entitlements, and wealth concentration.
Every individual will have the choice of participating in the Standard Needs Earned
Equity System or payment of the True Cost for all goods, services, and social benefits.
Every individual may also participate in the Capital System to earn Willits for the goods
they desire.
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