Carl,

Your definition of "value" is way to irrational and subjective for my taste. The market is the most efficient (or the least imperfect) force to assign value (price) to products, services and wages. I understand that people need to have some sort of income or working capital in order to survive, but who or what is going to define and fund said “social wage”? Are your favoring more state intervention? And bear in mind that your proposed system will require a heavy bureaucracy: tax collection, distribution, etc. And I’m not even going into all those ideologues and economic ignorant that will be in charge of it. Well, I would like to debate you more on this forum, but my comments get deleted anyway.