But the OP has yet to address the part where his proposal would be forcing Capitalist nations too adopt an extremely Socialist policy and is furthermore not addressing the question of "where does the money come from ? "
http://www.broomdces.com/nseconomy/nations.php?nation=Imperial+City-States "The West won the world not by the superiority of its ideas or values or religion, but rather by its superiority in applying organized violence. Westerners often forget this fact; non-Westerners never do. "Stand in the ashes of a million dead souls and ask the ghost if honor matters." "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." George Orwell "No advance in wealth, no softening of manners, no reform or revolution has ever brought human equality a millimeter nearer." George Orwell