It's much more simple than you realize.

1. Usury is a sin. No one should be collecting interest on anything. Investment = ownership = OK. Loan = Only between family and friends.

2. Forgiveness of debts should be common practice.

3. Labor -> wealth. Skilled labor increases value of labor increases wealth. Tools, education, in people's hands, etc -> WEALTH.

There are various ways you can "create" money. Remember: money is a STORE OF VALUE. If I gave my neighbor a cow and he gave me a stone and said, "You can use this stone to get a cow from me in the future", then that stone is now money. I can give it to someone else and they can get a cow, etc...

We have tried various ways of creating money, but in the end, the ONLY way that will work is if money is representative of a good or service to be delivered. That is, an "IOU" = "I owe you (because you gave me something)". It must be a contractual agreement for someone to give or do something in the future.

It CANNOT be based on debt. It CANNOT be based on something of intrinsic value (no such thing exists, except perhaps food. IE, gold is only valuable because people say so.)

Our current money says it is legal tender for all debts, public and private, which means that you can use it to buy anything that can be bought. This is probably what future money will be.

I imagine we live in a world where people are so productive that we have to print money just to keep deflation from occurring. Deflation = value of money goes up, so people wait to buy things -> money flows into the hands of the rich and away from the poor. Inflation = value of money goes down, so people buy things now rather than wait -> no savings or investment, only consuming.

In such a world, with no taxes. the growth in GDP (minus government spending) will be what? 10%? 15%? 20%? MORE? Unleash the American people from taxes, and what will they build? We already know the answer: Star Trek couldn't even conceive of the future we will build if we had our own way.

with 10% growth, we need to print at least 10% more dollar bills to ensure no deflation. (No electronics -- actual pieces of paper!) What do we do with those 10% more dollar bills? We have to get them into circulation. How? Old system = LOANS. New system = SPENDING. Just spend it to buy things government needs, and pass the rest off to the states, so they don't need taxes either. Worst case: just write a check to everyone in the US. (Sounds like UBI?)

Current GDP - government spending = $21T - $7T = $14T (2019)

10% of $14T = $1.4T. Can we run ALL of government on $1.4T? EASY.

New GDP next year: $15.4T. Next Year: $16.9T. Next year: $18.6. Government spending increases 10% each year as well.

10% growth = ~7 years to double. 2026 GDP-government spending: $28T. 2033: $56T 2040: $112T

0 taxes. Just printing money to keep up with the US economy.

Eventually, we reach a point where government doesn't know what to do with the money. At that point, writes a check to every man, woman and child for their portion. 2040: Needs to spend $11T, but government still costs $1T (money value not changing -- economic efficiency increasing!) $10T / 500 million people = $20,000. As long as population growth doesn't beat GDP growth, that number will rise. REMEMBER: no inflation or deflation. 2040 USD = 2020 USD

What about 20% growth? INSANITY