Psychology

Will the Living Income Guaranteed cause Inflation?

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One must first understand Inflation. Many years ago I asked a big shot in the bank a definition for inflation and his answer was quite incoherent, it’s like a matter of opinion. So we should rather look at the facts, than the opinions and justifications of ‘What inflation is?’and ‘Why does it exist?’


In a way if we go back in history, inflation can be seen as an extension of the cruelty of man. When there is not enough, then the so-called ideology of ‘Supply and Demand’ allows the greedy to increase prices and sell to the highest bidder, ensuring that the ideology that ‘money is power’ becomes ingrained in the human consciousness.

Another perspective of inflation is that it is an extension of Public Relations and Advertising.In advertising the real picture is photoshopped to make it more aligned with the mind, the mind becomes controlled by these images, goes into association and a relationship of comparison and then judges reality according to these pictures. This mechanism creates desires which produce the same type of supply and demand where the human who is controlled by these images and propaganda will do whatever they can to buy a product that is being inflated in its image.

Now the clever thing about this inflation of products by Public Relations is that you have to read the small print. The big print is all the fake and false images – the small print contains all the legal truths. The real truth about anything is always the small print because there you know you get the information about side effects, warranties, planned obsolescence, all the negative stuff is in the small print while all the positive stuff is in the big print. This is the same nature of positive thinking: it inflates the image on the positive side, it diminishes the negative side causing extreme imbalance that eventually reflects itself in general society as poverty and wealth.

Let’s look at another point of inflation: the deliberate inflation of prices to increase the profits of the corporation.As mechanization has been increasing – which should simply function as the replacement of labor, not the replacement of employment: more and more jobs are lost.Yet, prices are still being inflated. And now we sit with massive unemployment, inflated pricing, a problem with supply and demand because people don’t have money to buy and consume. So despite an appearance of inflation, the economic reality is that the economies are shrinking and not inflating– and you sit with the problem that your real value of a product has been lost a long time ago, because the real value has been labor all along.. And because the ideas of saving, competition, inflating the corporation and the war for a monopolized control has become the way of the world — the reality of what really exists is no longer easily accessible because: all we have is our inflated images.


So obviously if we have to keep following this distorted view of reality which is justified through the word ‘inflation,’ which is just a model of statistics – and you can check out the previous blog about the uselessness of statistics (
A Living Income Guaranteed is the BIG Issue) the statistics just inflate the idea that you know what you’re talking about, so statistics is just another form of inflation, it’s just Public Relations. It’s just a fake and false image and likeness with which the actual data is distorted so that those that benefit from having control and access to resources through this inflated view can justify why it is that the things are the way they are, why poverty is so immense and expansive… And so you’ll have the curious bizarre thing happening, for instance that the corporate top dogs and the loyalty they buy from people that are in the corporation – as well as their income – has been skyrocketing for at least the last 30 years. So these massive profits are used to buy loyalty which protects the top dogs. This same illness is now part of the government where people’s loyalty is bought so that they can protect the wealth of the few while the majority of people on Earth are existing in one or two dollars a day – and that’s quite okay apparently because the image is inflated to say that “That is enough for them to make a living.”

 

If we do not change the system, this Inflation point will have an effect. Obviously if the Living Income Guaranteed becomes a reality, we have to change the economic model: it’s not working, it has a fake and false inflated image by economists that are not worthy of the word ‘Economist’ because they are not managing and researching the ecology, the ecosystem of the world to ensure that every human being’s basic Human Rights are being protected.

Therefore everything you know about ‘Economics’ as several people that were brave enough to stand up have said “you have just being been lied to” –  Economy/the Economists, the ideas of Economics are all just a lie and so is inflation – the image is inflated, the truth and the data are not real and the human being has been mislead to believe that their data should not be in the hands of a central agency to actually create a stable environment. And so, the corporation and the propagandists can say that they’re doing and acting according to the will of the people, because the problem of inflation even exists there, the specific ideas and conspiracies have been inflated deliberately to create this image and likeness that the human’s will is apparently democratically being adhered to – It’s all in the image and likenesses of inflation.

For this all to work, you better study the Living Income Guaranteed proposal where we show what is necessary to be in place for a balanced society, where we show and expose all the inflations and propagandas and misdirection, where we show that at the end, even those in the current BIG proposals only have inflated egos – so inflation is really everywhere. Nowadays we even have inflation in terms of what it does to the body because the food is no longer supportive of the body, because Health is not really on the agenda of those that make policy,it’s all about profit.

Inflation is a danger all around and unless we stop all inflation – which is just a mind job – and we get back to reality and work with actual data based on the physical, our economic balance on Earth will not be restored, we will not have an ecosystem that supports Life on Earth and that protects the Human Rights of Every Human Being.

 

Equal Life Foundation Research Team

 

Inflation and the Living Income Guaranteed

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Living Income Guaranteed and Public Relations

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It is suggested to read the view of Noam Chomsky which is quite to the point and calls the public relations officers the ‘experts of producing lies.’ Now, if you have ever been in a business where you planned it and you have to work out the advertising and the marketing of it, you will know you’re looking for words to describe the product emotionally and you stay away from the facts. Because the facts are the few things you have put together within the product to produce something unique that can compete with other products and there is obviously always something ‘missing.’ That’s why for instance a product’s warranty is only for one year now because, in one year’s time – that’s what the warranty implies – the product will break. Everyone is kept in the illusion that apparently there is some improvement in the product and that’s why there will be a ‘new version’. But if you have to take away the outside picture and you look at the inside – take a car, for instance – it is essentially the same that it has been before. It maybe got a new name, a new color and here and there a new feature – but you’re paying a lot more and it’s not going to last you and you’re made to believe that this car is a ‘new model’ or this cellphone is a ‘better model.’

If you look at the timeframe you’ll notice that nowadays they are releasing a new cellphone basically every few months. You must understand that in the design stage, when they release the previous cellphone you paid a fortune for, they already have designed and planned another five models! They were ready with ‘the new stuff’ – they could’ve just as well not wasted so many resources and give you the best cellphone, but no! They need you to buy because there is a problem in the capitalistic system where it is said that ‘there is not enough consumption’, ‘there’s not enough spending’ but that’s not the real problem.

The real problem is: there’s not enough money because the more and more products are outsourced for instance moving it – let’s take America as an example – to China producing it cheaper. Leaving whole cities in America devastated with people without jobs, then importing the product and selling it cheaper under the justification that ‘now the product will be cheaper, so you should be able to afford it’. This is done without calculating the loss of money due to the loss of jobs that happened. This creates a situation where less people end up being able to buy the product, there’s thus less money and the corporations have to go to the point where they become a monopoly and destroy the competition.  Because if they don’t = they simply can’t survive because there are simply not enough costumers with money with the low profit margins that they’re working on. If we look at this same aspect within the food industry, we have exactly the same problem. That is why labeling for instance is never really specific, you never get real detailed instructions and you never get the truth about how the products are manufactured and/or produced.

Now with Basic Income Guaranteed, the total scene will change. Public Relations will be what it should have always been: explaining to the public the relationship they will have with the product and how the product will benefit them, how and why the product was made in a better way to last longer and to be of greater service, why the product is real value for money. Public Relations will be like the person that stands and ensures that the public knows everything, that there are no secrets and is thus the face of the corporation – that is how capitalism is supposed to function, no more lies and deceit.

Public Relations as it exists now, should be banned from politics because politics is and should be where the actual policy of the political party is explained in simple language that every voter can understand and that public policy should be the first thing on the agenda for implementation; and if the political party does not implement it, immediately a referendum should be held on whether they should remain in power under new public policy or not – that is democracy. One cannot change one’s word or go back on your word and get away with it, but the public has accepted this as ‘normal’ – politicians lie, they never keep their word and that’s ‘okay.’

In many cases the corporations are so desperate to keep going that they spend lots of money to ensure that the politicians realize one simple thing “The corporations are supplying a lot of jobs and therefore the laws must protect the corporations to protect jobs” – that’s the justification used. Therefore it’s not so much only the amount of money that goes to the political party, it is about the voters that are able to vote, because those with money = they’re able to vote; those on the streets = they can’t vote because there’s normally a problem: they don’t have a fixed vote, they don’t have the necessary documents or they don’t have the money to go and vote – very simple.

Public Relations must ensure that those that are on the fringe and not necessarily controlled by a corporate or a governmental job, are convinced by promises and hope that the political party is going to produce something, for example that they will ensure there are enough jobs available; if that is achieved, the political party will win. Unfortunately all of this is done under the disguise of competition, under the premise of monopoly, the game we were taught as children, absolutely brutal. And then the human factor is taken out and is called ‘market forces,’ ‘supply and demand,’ the ‘invisible hand’ that determines the flow of the economy, which are deliberate and made up excuses. Bause if you start studying the Basic Income Guaranteed proposal as we are putting it together, place what we are sharing on paper and start to assess how one places this together: you’re going to notice that a workable model with enough money that ensures that the corporation makes money is possible, where everybody has got an income and as such, there will be sufficient consumption; this means we can have better products, the environment can be protected, we can produce more effective products, people are not forced to go into all kinds of forced and slave labor situations.

When everything is produced to last longer at a price that is sufficient to ensure the survival of the corporation and to ensure the Basic Income Guaranteed of each person, we have a sound and healthy economic system. It’ll also make a massive difference to our food, because a lot of the foods that are allowed to be on the shelves are purely there, placed by people looking at ways to make money to entice the consumer. The fact that the food overall and in many cases is not really healthy, is covered up by ‘bright pictures’ ‘shiny words’ and that’s backed up by the spirituality of the person that is developed and particularly designed by Public Relations. Creating a consumption industry based on ‘like’ and ‘love,’ getting you emotionally involved, ensuring that psychology claims that emotion is important and valid without any information or research into how the mind actually functions, because if the mind is understood = brainwashing cannot happen and the current system cannot continue – this is known! Just not by the people that’s been brainwashed, they don’t understand even why they buy stuff, they feel like ‘they like it,’ they like how it looks, they like what it does, they don’t care that there is engineered redundancy within products just like there is engineered redundancy within the employment sector and everything is driven by a simple thing called profit, and that there’s no real competition in the markets because: “Those with more money will always win.” Go back to your monopoly game, that’s how it works! You’re in this game now.

Our economic system should not be called ‘Capitalism,’ it should be called ‘Monopoly’. And you may have no chance in the system, but you have a chance to become part of a political party that champions the Basic Income Guaranteed. If there is no such party established in your country: you start one and you become politically active visiting the voters door to door, selling to them a new economic system, showing that their vote counts, understanding that democracy means 1+1+1 = every vote counts only once, so we need a majority vote, a majority of people that must understand how Basic Income Guaranteed functions and why the current economy isn’t functioning for everyone. You also want to explain to them why there are big problems in the future with for instance pensions. One must act now and not wait once the whole system starts collapsing and new laws are made and people are marginalized and you don’t see the suffering and poverty, because we may be one of those suddenly without any support, having nowhere to go.

It is important that one becomes practical, that we become an activist which is someone that takes action, that’s activism: acting on the information available when you see there’s a problem and help with the education of the public because you’re part of the public, so there is one voice and this one voice presents an answer that works for everyone! It is really simple if you get down to it. And at the very least if you can’t do anything, then at least make sure that your money supports a solution, it’s also an investment in your future.

Research the Basic Income Guaranteed by the Equal Life Foundation, we are a non-profit organization that researches and puts together economic solutions and educational solutions. We look at how humanity can coexist in a way where there is real freedom, real individual freedom and real happiness and one thing we all know: happiness depends on money. With the Basic Income Guaranteed: everybody will have a little piece of happiness.

Equal Life foundation Research

Basic Income Guaranteed - Propaganda

Living Income Guarantees Business Profits

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For the Basic Income Guaranteed to work we require an economic model that must be efficient to follow very specific regulations. Just as one would regulate food and certify it for instance as ‘safe for consumption,’ we have to apply the same principle and certify businesses as ‘safe for the economy’. Within this, one will have to establish ways to ensure that businesses are not built on the ideology of competition but rather on the principle of profit and of quality.

Therefore pricing will have to be certified to be sufficient and effective to ensure the minimum wage at least, is paid to the employees, the business owner makes a profit and the resources bought are paid for at a price that ensures such profit. We have to also ensure that the business is compliant and the movement of sales tax/ value added tax is efficient so that both the government and the Basic Income Guaranteed is effective; and then the consumer will be able to buy from businesses that ensure a good quality product, knowing that they are participating in an economic system that is taking care of each one’s individual dignified living with Basic Income Guaranteed. Doing this will also ensure that things like poverty, debt and the many psychological issues that develop because of stress around money, start to disappear from society.

This also implies that the true supply and demand will be based on quality and preference wherein the necessary research should be done and facilitated before one brings out a new product on the market. This is the part where psychology and public relations also play a role to ensure the person assesses the product as something that they possibly may be interested in acquiring; this ensures you’re not wasting resources on a ‘potentially successful’ product, and instead you secure your investment once you have your market analysis results,  an effective presentation of a product that will have an assured market with sufficient demand which you will supply – so it is demand first, then supply.

Thus a clearly defined and estimated market share is established and cross-referenced according to the income levels available. This means assessing whether the available amount of money that is in the consumer’s budget is in fact realistic so that the business can work effectively. This is how one will ensure profit and sustainability instead of investing on opening businesses that are guaranteed to fail, just because the proper research was not done prior to running it. This effective business planning will ensure that sufficient profit is made as well as providing a good rate of success that will satisfy the business and the population in an equal manner: everybody wins!

Equal Life Foundation Research Team

 

Also on this topic: Basic Income Guaranteed and Business Transparency

 

Basic Income Guarantees Business Profits

Living Income Guaranteed and Human Rights

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Why are the Human Rights of every person on Earth not protected? If one takes this to the level of a parent, every parent wants for their children the best future in this world. With the current application and the implication of the way that our current system functions, it is more based on luck than on the fact that one has a birth right as a human on Earth to have a decent life with basic needs fulfilled. No one that currently has got these needs fulfilled would like to give it up and live in the conditions of those that do not have Human Rights in this polarized system between haves and have not’s.

With the Basic Income Guaranteed – which is in a way positive capitalism – this problem can be resolved and a lot of unnecessary discord and wars on Earth can come to an end because we have a system that works. War has only become an easy way for the few elites to make a lot of money, utilizing people living in poverty through paying them a pittance for their patriotism to go out there and kill people. And all of this just to support an arms industry that is in its very nature of existence a violation of Human Rights in every way.

We suggest that it is important to investigate what Human Rights are for you and then to have a look if you have them. If you are lucky enough to have them, then also investigate if everybody has got them as well and if they don’t: we have the responsibility to ensure that they get them. If we are not willing to live the lives of those in poverty, then why should we keep others refrained from their right to have a dignified living? Currently we’re living in a modern day holocaust wherein capitalism and elitism have become part of our individual ideology in which we haven’t learned to care for anyone else but ourselves and where we use money as a dividing line between having Human Rights and not having Human Rights, accepting it as ‘how the world works.’

Through the correct use of democracy, there is going to be a change in the system and once we all realize that we can use politics to bring about a change, we can use democracy as the majority rule to bring about a change that is best for all. Within this there are also going to be consequences, because the violation of Human Rights will certainly be investigated – even only in a way like what happened in South Africa after the apartheid era, a forgiveness tribunal was established where what really happened was exposed, so that we all can learn from it and prevent it from ever happening again.

We suggest that we all get involved now, let’s realize that there is a change in the awareness of the human being wherein slowly but surely, we are all having the realization that we’ve been taken for a ride through propaganda and through manipulation of the mind, which is a necessary and inevitable step to finally take the veil off our eyes. Rather than waiting until it happens – which will place one squarely in a position where you may be perceived to have been part of the violation of Human Rights – we suggest to act now and take action. It’s going to take a lot of education and it’s going to take a lot of effort to help those that are stuck, which are the people with money – the rest have been stuck because they don’t have money and they have to focus on always getting money to survive day by day –  but something is certain: this will not continue the way it exists now.

Ask yourself the BIG question: why is it that everyone on Earth does not have Equal Human Rights? Why is it that Human Rights have become a commodity that can be bought with money?

Equal Life Foundation Research Team

Basic Income Guaranteed - Human Rights are Not Optional

Living Income and Lower Pricing

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Economic theory has proven throughout time to be ineffective to manage the resources to ensure that each individual is a beneficiary and effective participant within the sustainability of the world system. We suggest banishing economic theory to the category of conspiracy theory because the evidence of the last few decades shows very clearly that our economists conspire to create greater inequality to destroy the capacity of the economy to provide sufficient jobs within a system that can support the citizens of the world, yet the opposite happens wherein all production is kept in the hands of a few corporations. So far economists have been unable to come up with a solution that will work for the world, while those that benefit from the current applied economic conspiracy theories are becoming astoundingly wealthy and there seems to be no end to this.

 

We also have to look at cognitive disinformation here. Our psychology is also just based on theory that does not properly educate the people on how the mind functions, instead it actually uses the facets of the mind that causes addiction and control – like emotions, feelings and thoughts – to become the accepted ways of human existence, which are then used through advertising, media and Hollywood to condition the human to accept the current conditions on Earth and not question reality. Furthermore our education system and our education theories have reduced the capacity of the human to reason to such an extent that we have a complete dumbed down society with an inability to do basic math or to read and investigate words to understand their actual meaning. Instead, the ideology is created that one must make things sound great without conveying practical solutions and their application. It is a form of complete disassociated information transfer where the consumer system foundation relies on savings and getting products cheaper, because that is competition according to what economic theory suggests.

 

You should take a piece of paper and do some math: if you reduce price which implies that you are reducing the value of labor, you are also reducing income, which is what’s happened now for decades. The real income of the human has decreased, inflation has increased for certain things, some of the basic things have become cheaper and then there’s the enticement about savings.

This lower pricing mechanism exists when you have a machine taking over the human labor – which should be based on a capital and advancement of the human capacity and thus should value the human existence more; however, the opposite has happened. With reduced price, reduced income, unemployment increases yet it is recognized as economic efficiency, a capitalistic type of advancement. At the same time we have exchange rates, where certain countries have a high value currency and others a low value currency, which is then used to transfer resources between countries done under the disguise of corporations – which are owned by politicians – creating monopolies that cause extensive poverty. The fact is that this transfer of resources in theory should benefit all the citizens of a country.

 

Here we can have a look at our early Game Theory that was taught at home through games like Monopoly which has played a major role in becoming part of the accepted theory of how one should live on Earth. Causing the acceptance of just a few major property owners to exist in the world, and their property being not necessarily land or resources, but money – and because they have a lot = apparently the system is working for everyone! Which we all know is not at all so.

 

This lower price ideology has caused major problems such as the theory that ‘Basic Income will increase prices’, which is apparently a ‘bad thing’. Obviously prices must increase, we have to create more money, we have to show the value of the human, otherwise capitalism cannot work. Human labor is capital and that capital should be increasing because the basic capacity and knowledge of the human race has been increasing and therefore, a greater value should be placed on it. Instead, the value is diminishing and through that, the level of inequality and the amount of people in the world that is living on the breadline (or should we say ‘dead-line’?) is increasing and is they have nothing else to do every single day but to spend their total time finding enough to just survive. Being occupied with survival also means that they cannot even challenge the current system, because they don’t have time to educate themselves and engineer solutions that can solve the problem. We also have come to accept that those that are in good positions and have enough resources and time to reason out the problem have seemingly lost the plot and are unable to apply simple basic principles like 1+1=2.

 

If we want to feed the world and we want to use a system like capitalism = we have to create enough money. We can create enough money by valuing the production sufficiently so that within the profit – or the gross profit of the product – there is sufficient money to make sure that everyone that is part of the production – even historically – earns enough money from it. That would increase the potential for everyone’s wealth, and if one does this properly: it’ll reduce inequality.

 

We cannot approach Basic Income Guaranteed in this world by using the current accepted economic conspiracy theories or by valuing our current economists. We suggest acquiring basic education on how the world system operates through reading people like Noam Chomsky, and you’ll see what it means to have critical reasoning and what it means to be able to think for yourself. However understanding and realizing the reality of what he shares is not enough, we have to get involved in the political arena so that the problem we have with our education can be solved. This can be done within the understanding that if we don’t create solutions at a political level through common consent, we will all end up in a position where we have no power – and this is exactly what has happened. The citizen now in the world has got no political power because we have been influenced through the media by information without having the ability to discern between what is actual reality – that would result mathematically in what is best or all – and what is conspiracy theory that is based on creating a ‘feeling’ within us that controls our behavior and our voice, causing us to be and become in essence part of the problem.

 

For a capitalistic system to work and to create enough Basic Income for everyone – meaning having enough to survive and to be able to have a basic life on Earth as in having our basic needs fulfilled – there needs to be sufficient money moving that is produced through the accumulated labor and time and input through time. This should have been growing for generations now and the world should have been a place of wealth, but instead seemingly deliberately but possibly astoundingly through a form of deliberate sabotage, instead of creating a growing economy existent as the result of accumulated labor, intelligence and research over time, we have been reducing our capacity to look after the citizens of the world, and continue to justify that in every way possible using theories and opinions instead of dealing with facts. Even our legal system deals with opinions, our psychology deals with opinions, our education deals with opinions, our politics deals with opinions – we don’t hear facts. Our media which should be a journal of reality: deals with opinions, not facts. It actually shapes opinions instead of acting in a way that ensures that this journey on Earth is worthwhile for every human. We do not have journalists with integrity, it is unfortunate – but this will come to an end because the situation is going to escalate exponentially.

 

Only thinking about the solution doesn’t make them tangible and practical in reality and as such, it is part of the problem of why the world’s economic system is collapsing. It’s time to change, time to get some basic education on how we can decide how economy works and give ourselves practical direction so that we can move on to a system where the Basic Income of each human is Guaranteed.

 

 

Equal Life Foundation Research Team

 

 

Basic Income Guaranteed and Lower Pricing

Living Income Guaranteed and Teaching

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This is a more difficult issue because thus far the education systems of the world have only been a drain in the economy and have not really produced anything substantial. One of the latest examples is the South African education system that in the last 10/15 years has eaten up 20% of the budget, but at the university level, there’s only a 15% pass rate with billions being lost in inefficiency.

Education and specifically teaching is also a type of ‘easy job’ because there are no real guidelines or minimum standards, while this is one of the points that build the foundation of a society that can exist without a criteria to measure effectiveness, to apply it and to expect effectiveness.

The current likelihood of drawing people into the education field is purely for having an ‘easier job,’ one where there is no real accountability and that is quite a problem. Therefore in Basic Income Guaranteed we suggest that the teaching profession should be in the category that is normally referred to as one’s vocation. This means that teaching should be in the hierarchy of needs at the level where a person has achieved everything they wanted to be and become in this life, thus they are accomplished and ‘feel the calling’ to educate the children of the future. And they decide to do so not because of money, they do it because of the satisfaction it gives and because they have prepared themselves effectively to be the best that they can be.

We suggest that the teachers should be the best individuals of our society, the living examples that can share with the younger generations how to walk through the path of life with sufficient skills, sufficient understanding of how the world works while standing as an example of what it means to be a self responsible and integral person in society. Therefore money should not be what drives the teaching vocation, because Basic Income Guaranteed would be – in our proposed format –sufficient to make a decent living, which means a teacher should only ever receive the Basic Income Guaranteed and not anything more.This would require one to look at teaching from a different perspective and to investigate the reasons why our education system at this stage seems to be a complete failure.

What must also be emphasized is the importance of the family in the basic education of a child, realizing that in essence: education begins at home. The tools and the mechanisms with which to do this should be available in every home, and every parent should be educated and supported to understand how to facilitate this so that by the time the child reaches school, they follow an integral technological education curriculum that facilitates the correct functioning and learning of the mind, and the structure of the character within the relationships that produce a society that is best for everyone. This is how we can bring about the intellectual development of the human to be able to facilitate and contribute to society through finding more effective ways for the coexistence and harmony that is necessary between humans & humans, and humans & animals and humans & nature.

Another proposal is that if a method can be found to be effective in managing and ensuring that the teachers do produce the children that we can be proud of in our society, such as teachers being subject to performance evaluations and meeting the criteria for effectiveness, then one can revisit this point and possibly pay the teachers at least the minimum wage. However, based on our current evidence, the situation has not improved at all, it has only gone backwards and there is clearly no solution proposed for immediate implementation, and to simply try and ‘motivate the teacher with money’ while the very future of our society is dependent on their effectiveness means such incentive would be in fact counterproductive.

Teaching will be stepping stone to create a society that is genuinely driven to support others to become the best self-sufficient interdependent beings in society, rather than being merely competition driven individuals to make the most profit only – we will finally establish living values that will be the essential structure in which the functionality of our coexistence in self responsibility will be based upon.

 

Equal Life Foundation Research Team

 

 

Basic Income Guaranteed and Teaching, Education

Living Income Guaranteed and Property Ownership

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Basic Income Guaranteed is particularly focused on those situations where a person is not in a position to have sufficient income to be able to participate as an equal within society through spending, purchasing, ensuring the basic needs required for a human to exist. There are conditions where a Basic Income Guaranteed is not required meaning that those that have = do not qualify for a Basic Income Guaranteed which is destined to ensure that there is enough income available to support those when in trouble, or when society is not yet able to produce sufficient jobs.

One of the foundations of capitalism is owning property, but also one of the foundations of capitalism is having a society that is able to consume because they have the means with which to do so, and this is why it is suggested that a balance must be struck.

The basic regulation would be that if you have more than one house you’re owning = you do not qualify for a Basic Income Guaranteed because you are able – due to your property value – to sustain yourself or at the very least, you’ll have to sell one of the properties and then if you do not have employment, you’ll be able to qualify for a Basic Income Guaranteed.

Another point is Investments. If you are able to sustain yourself through your investments – that means you have money somewhere in some form = you won’t need such investments any longer, because the Basic Income Guaranteed will also act as a pension. Eventually, a mechanism will have to be established to see at which level investment would be sufficient so that you are no longer dependent on the Basic Income Guaranteed and you are able to sustain yourself. Therefore savings or investments from the perspective of it creating sufficient wealth for you to sustain yourself will automatically place you in a position where you do not require a Basic Income Guaranteed, because you are able to financially sustain yourself.

Capital growth is thus one of the points that will be promoted within a Basic Income Guaranteed system because it will eventually create a situation where one will be able to be financially self-sustained, and the objective is to get each human to be financially self-sustained so that you are no longer dependent on your social systems – pension plans, insurance, loans, investments – as well as acquiring the skill to use capital in a way that you actually are able to sustain your existence. Then capitalism will become a functional system that benefits everyone with this necessary support when needed and a necessary responsibility when your Basic Income Guaranteed is no longer required. This also places one within the self-development mindset that capitalism represents where you specifically acquire skills to eventually free yourself from the needed support, because you have been able to create for yourself a self-support system. Within your hierarchy of needs this would mean that you have achieved a level of self-fulfillment, thus a higher level of living within responsibility.

The psychological benefit one can find within capitalism will be worthwhile as it is structured practically within this reality, you do not have the stress that comes if you get to fail in your endeavor and you have nowhere to go, because there will be support. And as we have noticed within capitalism, one tends to fail the first few times because you haven’t got the skills yet and the experience, although that should be developed also within the education system so that failure is limited to the minimum, because failure means resources get wasted and when resources get wasted: it becomes more difficult to have a sustainable balanced system.

Equal Life Foundation Research Team

 

 Basic Income Guaranteed and Property Ownership