[neilwilson]

"and in exchange the useful are paid commensurate with the value the produce. "

The trouble with that is that there is a fallacy of composition there. The only thing you can have in that system is more money. You can't have more stuff because by definition there is no more stuff being added to the pubic value pool.

And if you have more money, but the same amount of stuff, then all that happens is prices go up. Unless you believe more people than now value money for its own sake.

Trying to hide a transfer using a money illusion only works for so long. Then people work out they are being fiddled and have the system shut down politically. Which is historically what has happened in every single case it has been tried.

Alms to the poor is resented not just by those forced to provide the alms but by the poor themselves who resent being patronised and seen as useless.

Such systems are generally put forward by those who believe they can value signal to their peers by being the ones handling out the alms.