Limits of wealth redistribution traditional policies

An unprecedented wealth and income concentration grows in the hands of a minority group of people and companies.

While the richest 10% of adults in the world own 85% of global households wealth, the bottom half collectively owns barely 1%. Even more strikingly, the average person in the top 10% owns nearly 3000 times the wealth of the average person in the bottom 10%.

Taxation could be the way for redistribution of wealth from a few to many who need basic services.

Unfortunately progressive and regressive taxations do not work properly. Wealthy people can easily lower progressive taxation in several ways and governments need to cash out against lower classes through regressive taxes on Value Added, fuel, public services etc.

Anyway worldwide huge national debts let only a small slice of taxation to be switched successfully into such a redistribution.

Philanthropy is significant but not enough; a systemic solution is requested for a real and effective redistribution strategy.

What we think about

We think that redistribution rules should be redesigned in order to involve wealthy people financial assets and build a new kind of crypto metaverse as a support for the bottom.

In order to make it successful some milestones must be considered:

Taxation and philanthropy are helpful but not enough to deploy a systemic and efficient redistribution economy.
Wealthy people and investors ask yields, stability and a way-out for their assets allocation.
Traceability, clearance and management of invested money is a must.
Crypto assets are going to be taken into account by worldwide banks and money managers portfolios.

Accordingly wealth redistribution could be considered like a sort of classic investment made by the richest towards the bottom.

Business idea

REDO cryptocurrency will be released in order to deploy Redonomy operations purposes.

Owners of REDO cryptocurrency will be both investors and players to the game of wealth redistribution.

Cryptocurrency capitalization will be the driver of Redonomy project and the resource to fill the gap between the top and the bottom.

Investments in infrastructures and projects (schools, universities, transports, energy, tech, health care, food programs) could provide:

A wide set of services to the bottom.
Assets to Redonomy Foundation that will own infrastructures and decide how to manage them (rent, bake in funds, place as collaterals, sell). The Redonomy Foundation is a non-profit organization tasked with promoting adoption and further development of the network.
A strong support to governments that could increase service levels to the bottom while decreasing regressive taxation.

Funding

Crowdsale: REDO will be distributed to people purchasing it through Bitcoins and Ethers on a MetaMask wallet address. The money raised will be used to pay for software deployment, Redonomy Foundation establishment and operations, legal expenses, communications, research, early Redonomy projects funding.

Foundation: 50% of its REDO cryptos for projects funding, 50% for reserve purposes. Cryptocurrency stored in reserve can be used to fund REDO projects as long as the number of its tokens is managed to remain steady through new REDOs minting. As soon as REDO price will increase the Foundation capitalization will let to fund a higher and higher number of infrastructural projects.

Deployment

An Ethereum based Blockchain Platform can provide money traceability.

A cryptocurrency (REDO) as a utility coin is going to be released.

REDO cryptocurrency is a utility token whose value will be secured by infrastructures owned by the Foundation but such a value will be assured to every token generated.

The higher the tokens capitalization, the larger will be the number and size of potential projects to be released.

An ad hoc algorithm will manage deployment of projects in terms of their raising, choice, funding, work in progress, final release.

Algorithm will also support the Foundation in order to release new tokens according to their price evolution, inflation and the need to push Redonomy worldwide.

REDOs will be also a sort of stable coin, backed by the value of infrastructural projects owned by the Foundation and investors expectation for Redonomy future growth.

Evolution

The metaverse is a digital reality that combines aspects of social media, online gaming, augmented and virtual reality and cryptocurrencies to allow users to interact virtually. Augmented reality overlays visual elements, sound, and other sensory input onto real-world settings to enhance the user experience. In contrast, virtual reality is entirely virtual and enhances fictional realities.

As the metaverse grows, it will create online spaces where user interactions are more multidimensional than current technology supports. Instead of just viewing digital content, users in the metaverse will be able to immerse themselves in a space where the digital and physical worlds converge.

Redonomy evolution can be seen as a metaverse for wealth redistribution, a digital environment where blockchain standard, Artificial Intelligence and Big Data add value to Redonomy platform.

Projects will be managed end to end through Ethereum blockchain digital assets in order to store their set up and evolution in an immutable way.

Institutions and Governments could use Redonomy metaverse to establish and deploy their wealth redistribution policies.

A blockchain metaverse for wealth redistribution economy

A blockchain metaverse for wealth redistribution economy

Limits of wealth redistribution traditional policies