Life Cycle Coins
"Life-Cycle Coins" is a BitMint payment language that creates an automated money flow from the top of society (wealth wise) to the bottom. The inflow at the bottom is impacting people in proportion to their financial need, and the outflow is automtically taxing people exactly in proportion to their financial holding. The money at the bottom pops up weekly or even daily in the phone of recipients while the process of taxation is immunized against cheating by smart use of cryptography. The power of the Life Cycle Coin potocol is in the trade freedom that it provides between the two end points: money inflow and money outflow. In that respect Life Cycle coins look like a perfect match between socialism and capitalism.
The Life Cycle Coins (LCC) protocol may be applied on a full national scale, but it may be very effective on a very small scale too.