I listened to the discussion so far. The proposed system is still capitalism, but with some tweaks. IMO rather clumsy tweaks since there's no clear definition what common good even is.

And instead of some point system, you can just collect taxes to finance welfare for citizens, which is exactly how EU economies work. In most cases taxation is progressive so it's not like rich CEOs aren't paying exponentially more than avg citizen.

Point is every society has significant number of egoistic actors. You can't design a socio-economical system with assumption that everyone will just work for "common good"