Oh my, there was a movie about the 'Life Points' thing you described.
The plot worked out with the rich still being the rich, the poor being poor, and such. I also think, Khawill, it's more akin to socialism (a far but not so far relative of communism), everything being equal and all.
And having countries like Vietnam and China as communist comparisons to capitalist countries such as the United States, the United Kingdom, and Australia – Does either have less faults than the other? I think not. The upper class never fails to divide the middle and lower classes, so they can keep going to the bank—which brings us back to the root of all human evil: money. The mere fact that something exists that is interchangeable with anything else that could exist on this planet and beyond is no small matter.