1. People able to work who were not of the retirement age would have to have a job to get paid.
2. This strictly economic paradigm has nothing to do with people’s psychological makeup. It doesn’t require people to be any particular kind of person. It is not an exercise in social engineering.
3. In this paradigm — unlike at present — government takes nothing from anyone. It is funded without taxes (or public debt, which makes taxes necessary).
4. It has nothing whatsoever to do with socialism. Note: self-regulating economy; no taxes; no public debt; no redistributing anything; no limit on income/wealth. Government would be on a strict annual budget.
5. In the economy as it exists everything depends on everything else. It is all completely interdependent. That is the very definition of a chaotic system. In this paradigm the size if the supply of money (as currency) is completely independent of the rest of the economy. That would put an end to the chaotic nature of the existing economic system.

You clearly made no effort to learn about this proposal. I would be justified to ignore your questions, but I answered them anyway. Someone else might benefit from seeing the answers.