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Heinlein Heritage Check system

Thank you for the explanation!

Continued More explanation:
Basically, the current system boils down to this:
Money is backed either by precious metals (gold, silver, etc.) or other money (loan papers, other nations' currency, etc.). The new money printed is distributed to top banks. They run the money-printing presses at a constant rate. And banks are allowed to do fractional reserve lending which causes rapid inflation.

The Heinlein Heritage system boils down to this:
Money is backed by goods (government buys excess non-perishable production from businesses to use as backing), that's used to back new currency (the good are only sold during inflation to remove currency from circulation). New money is printed only to prevent deflation. New money is, in part, distributed to all citizens equally with the rest being used to run government services in a distribution called "The Heritage Check". Banks are banned from doing fractional reserve lending.

@Xiaopulaen
[Pt1]
It's from the book "For Us, the Living" by Robert Heinlein (it's an amazing economics textbook, but a very lousy novel). There Heritage Check system is an alternative currency-backing & initial currency distribution system.

Basically, the current system used by the vast majority of countries is mathmatically self-destructive. The way our current economic systems are designed, the central banking model, money and power "clump" so basically the more wealth you have, the easier it is to accumulate wealth. This gravitates the system to a few extremelly wealthy and a lot of very poor.

[Pt2]

The Heritage Check model instead has a core design that existing wealth really doesn't help the ability to accumulate extreme levels of wealth but it's very hard to become completely broke. In the Heritage system, it's very hard to not be middle class (difficult to be lower class and difficult to be upper class).

However, as a result, the ultra-wealthy haaaate it. Every time it's been done, the economy skyrocketed (there was a a region of Canada that tried a variant of it), the region was doing better than any other in Canada, but basically the ultra-wealthy swooped in with massive lawsuits and legal action to try to put a stop to it (and succeeded).

Can you explain this system more? I want to learn about it.

Well, there's a lot I've wanted to do to improve this mod, but not exactly the opportunity to allocate time towards it. With a bit of nudging, and less having to freak out about how I"m going to buy the next video game (among other things), I should be able to devote more time into making this the mod it -should- be. So, to that end, I'm starting a Patreon.

@anze.puska
The slider largely effects the internal use of the policy. The reason for Foreign relations drop is that, well, the policy is effectively the enemy of banks everwhere since it removes the vast majority of methods that they can abuse the economy for their personal profit... and seeing a country like that succeed would hurt them more globally.

As for corporations and debt crisis, the way a heritage check system works, those aren't very realistic for the mod. Other than banks, there's a huge amount of stimulus that benefits both corporations and private individuals and it goes a long way to removing a country's need to rely on debt, so a debt crisis doesn't make much sense either.

That said, you *are* right that the drop in foreign relations is a bit steep, and having it as a permanent effect of the policy is pretty harsh. I'll see if I can do something better.

It is nice to see that you are trying to bring more realism to the policy, how ever after observing its effects on foreign relations I personaly find the drop in foreign relations to be too steep, I mean that at 15%(for example) on the policy slider it negativly affects your foreign relations by 100%, while at 5% its negative effects are smaller but still enormous. Perhaps it could have a negative effect on foreign relations of 100% at 50% on the policy slider, or its negative effects could decrease over time(but not be fully removed) as other nations and the bankers get used to the new system. The implementation of the policy could contribute to corporate exodus or debt crisis?-It si just my oppinion, but angry bankers could influence corporations thru loans and rise your country debt intrest rate. What is written here is just my oppinion. P.S. Your mod is very good and in my view quite unique.

Started trying to add more balance without breaking realism of the effects. Under the assumption that banking cartels have influence in other nations as well as your own, added the effect of a huge drop in relations with other nations resulting from implementing the policy. Will be working on more effects if that doesn't balance it out.

waaaaaaaaaaaaaaaaaaaaaaaaaaaaayyyyyyyyyyyyy over powered