Common Money Fund Managed by Artificial Intelligence

 The idea is to create a common money fund managed by an Artificial Intelligence that manages the money.

We know how complicated it is for some people to make ends meet and how easy it is for others who earn much more money.

Well, this would be a good way to redistribute wealth by creating a common fund in which everyone contributes their salary and everyone spends according to their needs.

The artificial intelligence that manages it could take into account the most important expenses of each person in order of priority such as housing, food or electricity supplies. Water and gas and it would be an AI that reconfigures itself over time as the month goes by until payday to allow or not allow expenses of the group members that are superfluous or not primarily necessary.

This system could be generated and controlled as a business model of a digital bank, (which is much easier to set up than a conventional bank) and the system could initially only be accessed by invitation of the project promoters themselves to keep a balance in terms of capital available by members since if not, only people with very low resources would sign up for the fund. The idea is to have in the fund controlled by the A.I. with people from all social layers and always keep a balance of types of people (according to their salary,) to redistribute wealth. For example if we know that a person to live with dignity in Spain has to earn €2,000 we can introduce into the system one person who earns €10,000 a month and spends €4,000 and 5 who earn €1,200 and spend €1,200. As long as there is a balance in the fund. 

Also the fund should make a reserve fund, for example 15% of what comes in every month for extraordinary expenses or urgent need. 

As it is a bank that manages them through the A.I. it is known what each user spends the money on since all payments are made by card and through an app each user can know how much money they can spend at home type of expense that could be determined in 4 groups:

1- basic: mortgage/ rent, food, home supplies and transport insurance.

2- Appropriate: Clothing, footwear, culture, leisure ETC.

3-  Superfluous: anything very expensive or of little value to life.

4- extraordinary expenses: dentist, medical expenses, repairs ETC.

To shape this A.I. we could rely on existing technology such as Google Maps to know what type of product the user is going to acquire by their location, smart fridges that know what stocks of each product are in it, agreements with some supermarket to implement purchases in the system and catalog products by their importance and existing rental contracts and mortgages.

In the case of non-daily expenses, a request could be made in the app that would have to be approved.

To register the members of the group, they should be made to sign a contract stating that this system is not for unlimited expenses but is for those who earn little money to live with dignity and those who earn a lot to redistribute wealth. That it is not a question of abusing and one must be responsible with what is spent, also in a sustainable way so the first clients could come from environmental movements that are more responsible with consumption.

In the case of non-daily expenses, a request could be made through the app that has to be approved.

  Taking into account that more than 90% of wealth is controlled by 1% of the world population this would be a feasible system since if you get people with high purchasing power that you can convince to sign up for the system  also as a form of philanthropy, this could be a business model, (rather a system) if it gets bigger and bigger that can be very successful.

The idea came to me in my book: dismantling the elite, manifesto for true freedom and I also expose it on my YouTube channel: dismantling the elite.

A few months after publishing my system in the book and the YouTube videos I saw a news that Google had designed an artificial intelligence to redistribute wealth to do an experiment and most people preferred that system.

Well the study is already done, it would be a good idea that if you think you are capable of developing it creating a digital bank to make this business model, count on me to create it together. You can write to the WhatsApp at the top of the blog.