sloschert
commented
1 month ago I have a question about the naming ("fund of public companies"). I'm wondering if it wouldn't be better to call it "fund of public sector" or "fund of public plans" or something in this line. Because in our app we do not have the notion of "public companies". Instead, we have public plans and companies that have filed some or only public plans.
Amittai-Aviram
Following the basic principles of communist production and distribution as described by GIC, an overall budget for public services will be agreed upon, and based on that, the FIC is calculated, i.e. workers will not get exactly a one-hour certificate back for one hour of their work, but less, in order to account for public plans.
Furthermore, in a real-world scenario, we have to assume that the sum of all FIC-based working hour salary reduction on the one hand, and the sum of all fixed means and resource costs of public plans on the other, will not be balanced all the time. This is due to the fact that the FIC is calculated based on plans, but it cannot take into account any data regarding fulfillment of any plan, i.e. actual working hours spent after a plan has expired.
Therefore, if plans can be filed and expire at any time, the real budget for public services will vary accordingly. This variation will be reflected in the newly introduced number. It will help to judge if the FIC was predicted correctly and hence society is really productive enough to afford the agreed budget for public services or if maybe FIC has to be adjusted or if maybe additional services could be made public.