Skill Development

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

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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 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