Motivation

What is the Living Income Guaranteed?

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Living Income Guaranteed is an economic and political mechanism to ensure the establishment of Fundamental Human Birth Rights of the public through allocating an allowance on a monthly basis to every eligible individual that is currently in a position of being unable to sustain themselves – and/or people in their custody – financially to a level that Human Dignity deserves and that currently lack such support due to reasons beyond their immediate control including – but not limited to – unemployment, lacking access to food, lacking access to housing, lacking access to healthcare, lacking access to education, physical disability, being retired or not old enough to have a job.

This is within the understanding that the existence of poverty and lack of education as the key to have a job and means to live is the result and outflow of the economic system’s malfunction, providing an unfair allocation of National Natural Resources, being unable to support every living individual with sufficient access to fundamental living necessities. The most immediate remedy is to eradicate poverty, through allocating/designating a monthly allowance to those that don’t have access to their fundamental living necessities, thereby empowering them to establish a dignified life, enabling each one to reach their potential, choose a career and contribute to the economy through their skill, labour and purchasing power.

Why is it called Living Income instead of Basic Income?

It is called ‘Living Income’ because it won’t only provide each one with the minimum required to survive, it implies sufficient allowance that is able to cover the fundamental expenses required for a dignified living Why? Because this will enable people to reach their creative potential, return to the job market, become independent from the Living Income and contribute to the progression of the economy.

This means that a Living Income Guaranteed should be provided to all individuals that are currently unable to participate in any economic activity due to the lack of jobs/education/health. However those that don’t participate in any economic activity but do have sufficient money to live due to, for example, family wealth, inheritance or any other regular income won’t qualify nor require the Living Income Guaranteed.

Why is Living Income Guaranteed Not Unconditional?

The reason why it is not given to all people unconditionally is because this would undermine the sustainability of an economic system that does require people to be motivated to educate themselves and work to enable the continuation and functionality of our societies.

That means that people that work won’t get the Living Income Guaranteed?

That’s right, however we Do propose that the Minimum Wage is Doubled (twice the Living Income Allowance), which means that there will be a series of reforms to take place first to make the Living Income Guaranteed a sufficient Allowance granted to cover fundamental living necessities, which is within the context of our current economy More than our current Minimum Wage standards.

This allowance should be sufficient for an individual to have dignified living conditions with guaranteed access to their fundamental human birth rights: Food, Water, Housing, Healthcare, Education, Clothing, Transportation, Public Services, etc.

Now to motivate people to work, the new minimum wage should be Double the Living Income Guaranteed in the most common economic activities which are at the moment associated with retail workers, waiters, cashiers, transportation workers, fast food industries, etc..

So, anyone that genuinely wants to have a top quality lifestyle will not conform to only getting the minimum as the Living Income, but continue educating themselves, developing further skills to make more money and have more financial solvency.

What’s in it for the corporations with implementing the Living Income Guaranteed model?

A broader consumer base. Those that previously had no money to live and as such were not economically active will suddenly become active participants in the economy which will ensure that profit is also broadened for corporations, realizing that if more buyers emerge, there will be more profit that can be used to better the working conditions, to diminish the compulsive production and instead adapt the prices to make things affordable, with great quality and providing a secure and harmonious working base, as well as proceeding to fund the automation of jobs that are currently deteriorating human health.

Workers will feel supported and cared for by their employers, which will result in individuals that no longer feel pressured and enforced to only be a profit-making machine, but will feel happy and content to realize that their work is being truly remunerated and that their time and contribution to the corporation is being valued as the life-time investment it actually is. A well remunerated individual will create a happier and fulfilled society that is no longer afraid of not having sufficient money to feed their family, it will be the beginning of a new era of quality work that dignifies the lives of human beings that genuinely desire to improve their lifestyles.

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Why is the implementation of a Living Income Guaranteed an immediate solution to the economic crisis?

More than a solution to a crisis, it should be understood as the way to guarantee that the Fundamental Human Rights to each individual are properly funded through allocating an Allowance as the access to the necessary things one requires to live in a dignified way – this is within the principle of Giving to others what we would like to receive, and if we want to live in a peaceful society, to have a happy and healthy living condition, we then must give access to this Allowance/Income as a living certainty that will eradicate the need to resort to crime, panhandling, homelessness, lacking education, health care that results in economical regression affecting every individual in society.

It is common sense that if we give an Allowance to every eligible individual to be well nourished, have proper living conditions with the fundamental necessary services, health care and leisure time, more educated beings will emerge from this when realizing that if one is given support as in getting an income to cover one’s living necessities, one learns how to give back to society too. This will be understood as a living principle that applies to every living being on Earth beyond any political, social, religious or ideological affiliation. We’re talking about physical living necessities that all human beings require to live in a dignified and sustainable way.

On top of this, many jobs are being replaced by the rise of the machine, which will require more restructuring processes in our economy to finally upgrade the premise of being able to ‘make a living by having a job’ because if jobs are currently not available to all – regardless of having college degrees and necessary skills to have one – then it is certain that a new understanding of our economy should be grasped as supportive mechanism for all individuals rather than a restrictive and coercive one.

In the past, long-term policies and treaties have attempted to benefit the working class over time, and it has proven to be inefficient for the tightening policies implemented by corporations as well as the economic outflows have deviated their effectiveness. This is how through a direct intervention to provide the Living Income as an Allowance and doubling of the minimum wage, we are directing the problem at the root, instead of expecting third party actors and policies to solve the situation throughout time.

Will the Living Income Guaranteed undermine competition and as such create economic stagnation in society?

Not at all, actually it’s the other way around. If we define competition as the ability achieve the best living condition in a society, by allocating Allowance to every eligible individual that previously had no access to it, we assure the activation of the economy and impulse people to work if they do want to have a greater economic solvency to cover other consumer desires for extra commodities that are not able to be paid for with the Living Income Guaranteed. Also, there is no limit to how much money you or corporations can make as long as their businesses do not interfere in any way with the nationalization of natural resources or fundamental public services – that is the condition. That means that the rules of a free market still apply and as such, the only constitutional and governmental management will be to supervise the implementation of the Living Income Guaranteed, as well as conducting the usual maintenance, management and provision of public goods and the justice department.

The more you prepare yourself, the better work you’ll have, the more benefits which means you will earn more money as well. Competition means bettering oneself to perform a certain activity the best way one can and this is an essential part of human nature  that has kept our societies remaining competitive, innovative and creative  at a local and global level.

You will also be able to truly have free choice on which work is best for you instead of engaging in working contracts based on need rather than preference or choice. This is the way to implement a real ethical environment at work too, where no more exploitation occurs since any job won’t be the result of a need to work in order to survive, but rather become a means and incentive to increase the quality of life. 

How will it be funded?

Through the nationalization of resources , banks and basic services which means that if, for example, your oil, gas, water, electricity, telecommunications ,transportation is defined as patrimony of the people, the profit that comes from the consumption/purchase of such goods and services should be sufficient to fund the Living Income Guaranteed for eligible individuals. This means there will be no need to have personal taxation but instead keep the VAT (Value Added Tax) as it is to continue funding the functions of the government – this is also within the consideration that as the purchasing power increases and consumer base broadens, the funds coming from VAT will also increase creating more solvency in governmental budget as well, which translates to higher quality public welfare.

Thus with the Living Income Guaranteed there is one thing that is of vital importance: no one in the system, no citizen will pay tax – all tax will be facilitated by either value added tax or sales tax or import duties. If you have a government system that is responsible because you have a system where each one is functioning effectively within the system, you do not need excessive tax; your tax is spent on things like roadwork, transport facilitation – all things that can be handled ‘in house’.

One of the things that can work quite effectively also in a country is to have a toll tax on the roads which are managed by the government and that keeps the roads in place, so according to the use that one has of a road = will be the amount of tax you pay, but there will be in this proposal no income tax, so nobody is going to pay for anyone’s Living Income Guaranteed, it’s coming from the resource companies which everybody in the country are participating in and your sales tax or your value added tax will be according to the amount of your participation within a particular system – this is a fair way of dealing with government tax collection.

This is how the distribution of wealth and profits is expanded onto those that would have no benefit from the commercialization of natural resources and basic services, and due to the constant consumption and requirement of these, it is ensured that the foundation of the Living Income Guaranteed will always remain sustainable and have sufficient funds to cover the beneficiaries’ expenses.

Another example is how through stopping allocating money to fund wars, the trillions of dollars that are spent in the warfare industry can be designated to revitalize the economy through funding the Living Income Guaranteed and supporting the health care, education, commerce, production industries and basic services that require to be improved at home.

Will Public Services also be Nationalized?

Health care, education, water, electricity, telecommunications, media, banks will also be nationalized. Each country will have to assess their available resources in order for the government to make sufficient profit to fund the Living Income Guaranteed.

How can we implement the Living Income Guaranteed?

Through a political proposal, through existing or new political parties that have this mechanism as their key card to gain the majority vote to have our Fundamental Human Rights guaranteed through the Living Income Guaranteed. This means that the right to a Living Income must be granted on a constitutional basis – this is a national-based system constituted at a political level and able to be voted on within a democratic process based on the principle of one man, one vote.

LIG Hong Kong

 

Living Income Guaranteed with Labor as Interest

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With the nationalization of banks within the Basic Income Guaranteed and the eradication of interest on money, the money supply will grow as a function of labor. The labor has a capital value that will increase the money supply. This has been effectively used by the Germans where they made labor one of the foundations of their economic system. And within the Basic Income Guaranteed where you have a basic income for all your basic needs and you have a guaranteed minimum wage that is double the Basic Income Guaranteed, your labor value will be predetermined as part of every product and service produced.

This means that the input of your labor as value is reflected and revealed within the price of goods and services. This way each person will understand that part of the price is another person’s livelihood, and that as you give = you will receive. Labor then becomes part of the economic value system, part of the production cost – which must be valued sufficiently to be able to support the laborer.

Labor is the action of the human with a measurable value which will be like the accumulation of interest and you’ll have a compound interest effect, which will have the effect of an ever expanding economy, ensuring that everyone in the country has sufficient support to have a dignified life. This is a fascinating point that economists should have adopted long ago, but unfortunately labor has been demonized instead of realizing that that is the actual only real interest that can exist within a system based on money.

Equal Life Foundation Research Team

Basic Income Guaranteed with Labor as Interest

Living Income Guaranteed and Education

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One of the fundamental issues in the world today is that education has become irrelevant, because it is based on the value that you can give to a corporation or a business to make a profit. Therefore even your labor and your education do not belong to you and do not add value to the system and do not allow you to effectively participate in the world for the betterment of everyone.
In South Africa for instance, there’s now a point system where your education is based on a life-long learning process that accumulates points. In the Basic Income Guaranteed system, education will be the enhancement of your labor value – your labor value being the capital growth that you add to the system. It will also be the way we add money to the money supply and the way we grow the economy. According to your education and the points you add to your labor value, your service and labor fees that will determine your income value will accordingly increase at a guaranteed level, as it will be a set framework that is equal for everyone.

We will be able to increase our capacity to earn by increasing our labor value through increasing our education. This is why education will be important to be at a quality and evaluation level that is equal, so that the labor value increase is equal. The form of competition within the system would then be your drive to improve your labor value through education. This will bring education back into value and it will ensure that those with effective accumulated labor value increase, as education will take prominent positions based on the quality of labor which will thus produce a new living standard within the world system: it will bring about a quality in service, a quality in the general living conditions of the human as we will have a system of education based on integrity as a result of having an economic system based on integrity.

Our labor will be worth our value, which will be important especially in terms of the Basic Income Guaranteed because your service fee/labor fee will carry a value of service tax/ sales tax/ value added tax which is a form of tax value that is created through labor and not through resource, and thus will facilitate in large, the ability of the system to supply and to sustain a Basic Income Guaranteed.

 

Equal Life Foundation Research Team

 

Basic Income Guaranteed and Education

Living Income Guaranteed and Business Transparency

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Within the Basic Income Guaranteed with a capitalist approach, profit is one of its cornerstones; therefore it must be ensured. Another point that tends to waste extensive money is the point that new businesses are started which then fail.From that perspective it is a suggested that there – like you have with city planning – you have business planning where it is assessed what type of businesses the community can sustain that is possible within the money supply that exists, and that those businesses are then planned-out and offered to the citizen to take on with full support from the business planning section which should be part as a governmental function, a citizen support function ensuring that businesses do not fail.

This will save massive amounts of money which makes Basic Income Guaranteed a very cheap solution to a situation where there is seemingly endless amounts of money ending up in either foreclosure and/or failure and/or abuse and/or maladministration. At this stage there are no actual figures being kept of all of this – we never get to know the real numbers of how much is actually wasted. But there is more wasted through business failure, maladministration, charity and foundation creation abuse due to the influence of the consumer than what is needed to bring about a Basic Income Guaranteed.

You should ask yourself some questions:

  • Why are the no clear figures that inform the population of the administration of resources?
  • Why are there no figures kept of how much is actually lost through foreclosure?
  • How much is actually lost through businesses that are going bankrupt?
  • How much is actually lost through people losing their jobs at this stage, unable to participate in the system, unable for instance to pay tax or to buy stuff to increase the revenue streams?
  • How much is wasted by corrupt government officials?
  • How much is directed toward inappropriate placement of tenders?

These are massive amounts beyond belief; how much is happening because there’s no oversight and everybody participating in the system knows one thing: there are resources being stolen and there is maladministration and corruption, that’s why they don’t want transparency, it’s convenient.

In some countries like South Africa, there’s the prospect of placing in laws to ‘limit transparency,’ which is no different to saying ‘Let’s legalize corruption!’. So the integrity of the human within a Basic Income Guaranteed system should be administrated through a system. We have the technology now to have systems in place that can support the human to the extent of creating a system that is trustworthy and that assists everyone effectively in the world. We have the expertise to do this, now we need the will to stop corruption and to stop abuse. This can be done by Guaranteeing a Basic Income, guaranteeing a minimum wage and guaranteeing profit because all these three foundational stones will actually guarantee the existence and expansion of Capitalism and bring about a high functioning and effective society with the use of technology to produce what will ensure proper usage of resources, technology and human creativity. This cannot happen without a sense of freedom and money does give a sense of freedom.

We have come to the conclusion that trying to establish a society without a way within which the human can express their freedom is simply not going to work. Freedom is in money, it translates as the ability to express yourself in a way where you feel empowered as well as having your Basic Human Rights recognized and dignified. Not having enough money is to disempower people and to force them into crime and as you’ve noticed, massive amounts of money are lost to crime. All these things will stop if we have in place a proper technological system which we can establish with great ease at this stage. We have the technology and the managerial mechanisms to do so. In a matter of a few years, the whole world will be an internet grid and we can make use of all these things to prevent crime and corruption.

Basic Income Guaranteed is not only an opportunity to support yourself from an economic perspective in terms of ensuring everyone’s survival, but also from the economic perspective to have an equal opportunity to support yourself and your family, which is a Basic Human Right. This is the equal right we give to each other to potentially become wealthy individuals while ensuring all resources are made available for everyone equally.

 

Equal Life Research Team

Basic Income Guaranteed and Business Transparency

Living Income and the Music Industry

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The music industry is one of the industries that has suffered the most under the current format of consumerism and capitalism. We have a peculiar scenario that developed where more than 90% of popular music became popular with some underlying sexual innuendo within the context of the music.

It’s as if music became a form of pornography, and because pornography has become something that up to now has been apparently something protected by free speech, we also created this in our music. Within this we are destroying true creativity within our musical arts, where we end up only with popularized music that is deliberately promoted within the vile of consumerism: where there is nothing that drives it but profit, and obviously entertaining the consumer to remain in a positive mindset of hope looking for the fulfillment of pleasure. This certainly is not music.

We expect that within the Basic Income Guaranteed, the musician will have sufficient income on a Basic Income Guaranteed to be able to truly develop their music and to explore building an audience that appreciates the music they create. The same will happen with the other arts in terms of painting, films, theater, literature, etc. If one no longer needs to make the music simply for the purposes of survival and you have sufficient support to truly explore your skills, the appreciation of the listener of the music enthusiast will grow substantially and we will develop a culture within our higher appreciations that will bring us a whole new era in music. All of this is facilitated through a simple principle: once each one is taken care of in their basic needs to live a life of decency, their ability is set free to find a higher form of expression. This higher form of expression is truly what everyone claims ‘they’ve been looking for’ but never considered that one requires a Practical Economic Model to set free the creative human potential. It will take time, but inevitably we foresee that we will become much more appreciative of arts and music and much more critical of content, expecting a higher value from our fellow human as we no longer are biased through our need to ‘feel hope for the future’ through some form of positive innuendo that is underlying abuse through our sexual expressions that has come through our generations.

In a society where you have felt like you were not supported in any way and you really have nothing to lose because you’ve already lost everything = the choice to be irresponsible was accentuated. In a more balanced society, one where everyone is taken care of within a Basic Income Guaranteed structure will develop self-responsibility and self-respect, because Basic Income Guaranteed in itself would be a statement by every human towards their fellow human “I respect you as life” and that statement, that certainty that one is protected and supported: will start changing human nature. 

Equal Life Foundation Research

Basic Income Guaranteed and Music Industry

Related Post: Day 235: Basic Income and Effective Markets

Living Income Guaranteed and Labor Unions

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In a democratic system where the citizens elect a management as government to look after their well being and their Human Rights, collective bargaining should not be ever necessary, neither should be the existence of labor unions. Labor is one of the capitals, one of the contributions of a citizen to their country to make it a better place for everyone. The fact that labor unions and collective bargaining is necessary to try and enforce the most basic Human Right as the right to dignity and financial economic stability of a citizen indicates that there is something fundamentally wrong with the system that is currently being accepted. A Basic Income Guaranteed and a minimum wage are things that should be the basis of study of economics to ensure that the design of the economic system provides for this. Therefore, competition within the creation of products and basic necessities should be based on quality and effective support and not on driving down prices lower to create more unemployment and to destroy Basic Human Rights.

Labor unions should study the basic income proposal and use their collective bargaining power to start working towards an economic solution that is effective for all the citizens in the country. Leaders that do not stand and deliver the basic necessities for all citizens and that do not protect the rights of the citizens as humans should not be elected that – this is the benefit we have with democracy. Democracy should not be a mockery as it is now; it should be the tool with which we ensure that our representation is in fact representing our Basic Human Rights, not only yours individually but all the citizens of a country – that’s patriotism. A patriot will look after all people in the country, not their own pocket only.

We expect to have some labor unions that can actually function within the understanding of what is best for all citizens in a country to ensure that they recognize themselves as a political force that brings about change.

 

Equal Life Foundation Research

 

 

Basic Income Grant and Labor Unions

Living Income Guaranteed and Pensions

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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

 

Basic Income Guaranteed and Pensions