Have a system and equipment developed that stores and records all monetary ownership and exchanges in the country for money or whatever its current substitutes are. We would have no bills or coins or use checks or other paper devices. Can you imagine the amount of germs that are exchanged through the use of currency? I read somewhere that 80% of our 20 dollar bills contain trace evidence of Cocaine.
The device to accomplish this (that I expect you to have designed and patented} would be in the form of a key or card. It would contain positive, untamperable identification and a chip allowing for transfer of information to a receptor device. Here’s how I envision its working. You enter the device into a receptor device owned by the seller (no one else touches it), the seller enters the cost, price, etc into the receptor, you turn, click or whatever the device needs to do to confirm its correctness. The seller clicks, turns, etc to record the transaction. The device has access to your total cash value so the seller need not fear fraudulent purchases. It would have to be designed to also make maximum use of wireless internet services.
So where is all this wealth and who is overseeing these transactions? It is the IMS, the Internal Monetary Service. Every citizen’s total “cash value”, which consists of funds currently found in banks, money market funds and other organizations that exchange “money” for every-day transactions, would be transferred to the IMS. Your wages would not be given to you; they would go to the IMS as would such things as interest, dividends, royalties, etc. It would be the only method to transfer wealth other than exchanging goods. Therefore a bonus result, if we continue an income tax, is that no one could cheat on their taxes.
Procedures and systems for the use of visitors such as tourists, international buyers, etc. could be easily devised.
If you could pull this off, you could be the next Steve Jobs. If not, after I wait awhile, I’ll somehow turn it into a short story and give it to the world. I’m too lazy to work on creating it.