Nick made good points but I disagrre with some. "We need to distinguish between capitalism as a system of regulated entrepreneurialism (the social democratic model) and capitalism as a system that permits accelerating accumulation of individual wealth resulting in increased inequality and denial of opportunity. The latter is political and social, the former economic. Command economies"
I disagree with Nick regarding the social democratic model being "economic". Both, I believe are social and political in operation but perhaps economic in intent. Regulation is obviously vital for shared opportunity but for the US seems to be confined to the period after WWII, cut short by a resurgence of conservative forces which with relentless focus took control of government, media, and the economy. Most other periods of our history have seen capitalism mostly unrestrained.
Certainly the individual is the most creative asset, especially in contrast to the exploitive sterility of those in control: the financial sector is especially sterile and executive leadership (CEOs) obscenely rewarded due to power over boards not productivity.
The implementation of your system, Tom, will be a herculean task.
Jim