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The book Socioeconomic Democracy: An Advanced Socioeconomic System carefully defines, describes, justifies, and details the beneficial ramifications of such a system on a myriad number of serious and acknowledged societal problems.
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Excerpt
Socioeconomic Democracy is a model economic system, or more precisely, socioeconomic subsystem, in which there is some form of locally appropriate Universally Guaranteed Personal Income as well as some form of locally appropriate Maximum Allowable Personal Wealth, with both the lower bound on personal material poverty and the upper bound on personal material wealth set and adjusted democratically by all society.
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