Here is how I think the federation works without needing money.

[Jedman67]

Is it like extra-credit on your homework?

 

[Nyotarules]

1 Federation credit = 100,000 dollars due to inflation lol

 

[Captain Rob]

For 4 to 8 credits a 'head', those were some really expensive tribbles.

 

[Paul Weaver]

The economics of the future work somewhat differently

 

[Hunter Zolomon]

So Starfleet has numerous departments, including procurement, shipbuilding, personnel, engineering, etc.
How is all this stuff paid for?
Is Starfleet fully funded as a government agency by the Federation equivalent to the Department of Defense?
Or is it grant-funded by a combination of corporate entities, local and federal government?
Are the shipbuilders starfleet employees or sub-contractors?

How do Fleet Personnel get paid? is there a bursar on every ship giving out small stacks of gold-pressed-latinum, or some form of direct deposit?

And most importantly, what financial entity transfers negotiable instruments from department to employee?

Does Starfleet run its own banking system, or does it partner with HSBC Mars?

**(this assumes that some form of negotiable currency exists in the Federation, and that Starfleet is military. If you disagree with either premise, kindly take it to another thread!)**

i am sure the government has latnum deposits mined and stored in various locations within their space. Which allows them to trade with foreign nations that require currency, which will be backed by latnum.
As for manufacture, i am sure that when building stuff it doesnt cost anything because nobody gets paid, it only costs time and energy with energy being very abundant and time being reward with promotions or increased technical expertise for the people helping to build the ships. However i am sure there is a basic amount of credits allocated to all citizens which they can probably exchange for latnum either in the federation or outsside the federation. Latnum will pretty much be useless within the federation a pretty much everything is free. So if a fed citizen wants to live a latnum based lifestyle then they would probably have to leave the federation and move to a place with a capitalist economy and currency. It seems that in the federation it is impossible to amass wealth due to an abundance and maybe for things that cant be replicated like requesting an artist draw you something, it might work on a form of batter system, or favour. You draw the painting for me and i will write that short story you wanted.

It seems in an abundance economy life moves at a slow pace and is very leisurely as all needs are pretty much met. So the ambitious are free to strive to excel in academics, creativity and other fields. Because in a society where financial status means nothing, rank and job importance becomes even more important for social status. Having a useful skill becomes ever important as people who actually want to feel important fiercely compete in different fields. I am sure that the government gives everyone more than enough to live in luxury. However i am sure fore some people the life in the federation wont be satisfactory, maybe they dont have the talent to rise over their peers and get the top jobs, maybe life is not exciting anymore so they decide to be colonists. Maybe they want to move to a society where being rich means something, so they exchange their monthly federation credits for latnum and move to bajor where latnum means something and you are now a rich man. Or maybe the federation doesnt permit citizens to convert their credits to latnm and if you want to leave the federation you leave broke so you pac up and take your belongings to start a new life on ferenginar.

For all we know the lifestyle of the average fed citizen is equal to that of a very rich ferengi, however in a society where everyone is rich, well then no one is. So i can understand more capitalist minded citizens moving out of federation space. Who knows, but my point is that the federation economy can work.

 

[Crazy Eddie]

Does Starfleet run its own banking system, or does it partner with HSBC Mars?

Of course they do. They're called "Phaser Banks."

 

[Hunter Zolomon]

Bashirs parents took Julian outside the Federation to have his birth defect fixed, how did they (residents of Earth) pay for this? It was a illegal operation and there was no record of it, so neither Earth nor the Federation paid for it.

Bashirs parents had money that was acceptable to whoever performed the procedure.

i am certain they could find something to barter, or perhaps federation citizens are giving some foreign currency if they going overseas in order to trade. I am sure they could find something valuable amongst their possessions which might be of no value in a luxurious dominion as the federation but very valuable in a place that still has a capitalist economy.
There are so many ways they could have paid. Maybe for services rendered. Federation citizens may not have money but it doesn't mean they are poor in anyway. I am sure the average federation citizens lifestyle would be considered luxurious in a capitalist based society. If a federation citizen wants latnum either the federation has an allotment for all their citizens or the person might just go to non federation world and earn some. Besides i am sure federation citizens might have some latnum of their own either as gifts, or maybe services rendered to a non federation business. The possibilities are endless.

 

[1001001]

So Starfleet has numerous departments, including procurement, shipbuilding, personnel, engineering, etc.
How is all this stuff paid for?
Is Starfleet fully funded as a government agency by the Federation equivalent to the Department of Defense?
Or is it grant-funded by a combination of corporate entities, local and federal government?
Are the shipbuilders starfleet employees or sub-contractors?

How do Fleet Personnel get paid? is there a bursar on every ship giving out small stacks of gold-pressed-latinum, or some form of direct deposit?

And most importantly, what financial entity transfers negotiable instruments from department to employee?

Does Starfleet run its own banking system, or does it partner with HSBC Mars?

**(this assumes that some form of negotiable currency exists in the Federation, and that Starfleet is military. If you disagree with either premise, kindly take it to another thread!)**

This is all being discussed in the current "Money" thread.

Merging.

 

[Jedman67]

This is all being discussed in the current "Money" thread.

Merging.

cmon, it was supposed to be a parody of those endless discussions!

 

[Hunter Zolomon]

This is all being discussed in the current "Money" thread.

Merging.

so does this mean that this thread is now joined with the money thread, so which thread is the trill and which is the symbiot.