Within a Basic Income Guaranteed system the need for unemployment, insurance, benefits, pensions and life insurance no longer exists. The resources that are placed within the shareholding of the citizenry is what facilitates the Basic Income Guaranteed and one qualifies for benefit from your shareholding when you are unemployed, when you are on pension or when you are in some way incapacitated and you cannot work – this implies that there is never a stage where one is without the necessary capital to actually sustain a living.
The industries that are currently profiting from all the misfortunes in a person’s life no longer need to exist because your Basic Income Guaranteed facilitates all the points and ensures that no one is ever without capital when they’re unemployed or if you have been in an accident and you cannot work = you’ll still have an income; the same applies if you have a family and the bread owner dies, the family still has an income. All the points where insurance existed which has been the recipient where people has placed their money, has caused such major havoc in the world within the financial sector because this money then goes into the stock markets to mess with the world food prices and to come with the idea that apparently ‘there are ways to make money’ so it becomes part of the global market casino. The end of this casino is possible with Basic Income Guaranteed, although other corporations will still probably want to benefit from it and have shareholding, that will still happen; but your shareholding will no longer be vested in major corporations or life insurance companies, it will be the individual that will invest through their bank – and the bank being one of their own businesses in which they have shares that will facilitate and manage the investment in the privately owned and financed corporations, so that the distribution of money and the management of the system becomes highly efficient.
All of this can be computerized with great simplicity as a mechanism that can be trusted once placed and tested. This is how we can reduce the problems coming from humans making mistakes, because with the machine and with software one can manage the distribution, the placement of investments a lot easier. So, a citizen can decide that they want to support a particular business and buy shares in it and then once there is a profit declared by that company, the citizen benefits from the profit through dividends – these dividends are tax free, because there is no personal tax and there is also no corporate tax – so one can use that to spend on luxury items and so, the cash flow of the economy increases, which means job creation increases which means there are more jobs available for people that want to earn a better living and not only exist with a Basic Income Guaranteed, yet Basic Income Guaranteed is sufficient to make a decent living.
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Equal Life Foundation Research Team
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