This has been such a long thread for so long a time that I cannot remember which things I've mentioned before, but the suggestion in this case reminds me of an "intentional community" whose members I once met. Long long ago I worked for a community that ran on communal principles with some success (Camphill Village, USA, if anyone is interested - it's on the web I think nowadays), and we were occasionally visited be people from other such communities, and at one time we were visited by some people from the then new Twin Oaks community. That still exists as well, but no longer as it was founded, as a by-the-book embodiment of BF Skinner's Walden II. If you're familiar with that one, it's a work of fiction in which Skinner put forth some of his ideas on an ideal society, which to many would seem a gray mush of a clean but passionless order, in which the economy was managed according to the desirability of a job. The nastiest jobs were paid the highest, and hours the shortest. No coercion was involved, so basically one would choose an available job, do it, then sit back and let others do the rest. In actual practice, because the incentive was entirely economic rather than social, nobody could be made to do a job whose only attraction was its necessity. People who loved to teach or do clerical work would do it, despite poor pay, those with a crafting impulse worked in the industry that supported them (mostly hand woven hammocks, as I recall) and those who wanted to get it over with cleaned the toilets and scrubbed the pots, but the sheep got out because nobody could command "you need to fix the fence."
Anyway, Cosmo's plan reminds me of this utopian fever dream.