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
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Oil falls under the resource identity that is required by all as a national resource. Therefore the suggestion is that the total oil industry gets nationalized and oil becomes that which facilitates both the Basic Income Guaranteed and the economic growth with the price kept stable so that the profit is sustainable to support the citizens of a country. The countries that don’t have access to oil or gas are supported through agreements that makes it possible for them to also facilitate a Basic Income Guaranteed and for their economy to be stable, so that there is a stable international trade where people and countries can exchange goods for fair value. This implies that if one country produces more of a particular product than another, it is then distributed worldwide to be available for all citizens of the world, because the production of goods that is dependent on the Earth directly – like food and raw materials – should be able to be distributed in an effective way where the profit as such is directed towards supporting citizens specifically.
Capitalism in terms of where one will then come up with ingenuity to produce something extraordinary that people pay more for, should be based on enhancing the lifestyle on Earth, these are the products based on taking raw materials and creating something out of it. The point of some benefiting from raw materials just because they apparently ‘own the land’ throughout generations – which in all cases if one investigates it, it was always taken from someone that owned it before, and those were normally your natural people that lived in a particular area – is simply not acceptable because that has caused poverty and in fact, anything that is done in a way to limit the distribution of resources to the benefit of the citizens of a country is an act of treason against the nation and the citizens; because the government at the end of the day is that which represents the citizens and anything that is done to harm citizens = is there to harm government which is indirectly citizens and so is a form of treason – that is unacceptable.
Our definition of what is legitimate and what is criminal needs to be sorted out so that we can move forward in a stable world and stop all this abuse that takes place all in the name of control and profit.
There are simple solutions to these problems and there are easy and effective ways with which all people in the world can be supported in a very quick manner. The situation in the world is worsening extensively where businesses will get into trouble a lot quicker; there are big problems on the horizon and many can experience it first-hand. The global recession is going to deepen and get much worse, so action needs to be taken now and within a short few years, one can have a new system in place which only requires one thing from each human: a change of mind, a change of heart, to open your heart to also consider other people one and equal as yourself.
Equal Life Foundation Research Team
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One of the big concerns that people have is that “If everyone gets a living wage, who is going to do all the dirty work?” because nobody wants to do it. So, in a Basic Income Guaranteed approach it’s going to be vital to change the ‘living wage’ or the Basic Minimum Wage and here it is suggested that it should be at least double the Basic Income Guaranteed so that it is a motivation for people that would like to live a more extravagant or luxurious life to actually do the work – whether it is a janitor, a road worker, a gardener, a child-minder, whomsoever works – and thus does not depend on the Basic Income Guaranteed, gets a minimum wage that is double the Basic Income Guaranteed, that will ensure that there is motivation for people to do the labor and for those that would like to improve their lives, while the Basic Income Guaranteed ensures that everybody has got enough to make a decent living.
The difference between the two would merely be a measure of luxury and therefore, businesses will have to consider that wage – which is obviously an input on production – must be equated within the price. And so, pricing will be based on ensuring that there are minimum wages and that people earn very good incomes. This will obviously increase again the amount of money that can be spent and so the economy will grow, the house market, the motor car markets… all the markets that are now in extreme trouble and where the trouble is increasing will all grow and life on Earth will be sustainable.
So, for you that are ready to approach these issues, look at how to implement it in your particular countries, translate these proposals into your language, do blogs about it and get involved in your political parties, see which ones are willing to embrace a Basic Income Guaranteed and if they are not: start a political party, because the way forward is political.
Equal Life Foundation Research Team
This entry was posted in Basic Income Guaranteed, Basic Needs, Birth Right, Businesses, Capital, Capitalism, Citizenship Shareholding, Dignified Living, Economic Growth, Economic Reform, Industries, Investments, Job Creation, Labor, Luxuries, Minimum Wage, Motivation, Politics, Power of Acquisition, Production, Profit, Redestribution of Wealth, Resources, Social Capitalism, Social Dividends, Sustainability, Value and tagged basic income, Basic Income Guaranteed, BIG, Businesses, capitalism, corporations, double minimum wage, economic growth, elf, equal life foundation, equality, fair society, incentive, living wage, luxuries, make poverty history, minimum wage, pricing, production, profit, reactivating economy, socialism, wealth redistribution, work motivation.
This should be good news for the capitalists.
This proposal will have to become part of a political party’s manifesto and become part of their economic policy and they have to promote it within the context as presented to overcome the objections that are inherently glued to the view of the capitalist.
If you look at George Bush, David Cameron, Obama – they all have promoted the idea to ‘save capitalism’, that there is one thing everybody must do, they say: ‘spend more.’ But there’s a problem with what’s happening in the world there are fewer and fewer jobs which means people can spend less and less so all the economies are contracting because the money supply which at the end is dependent on the amount of people participating in the system with money is shrinking; the economic theory did not expand yet to consider proper solutions for the world. So the following is how one solves the problem.
In any given country you have citizens, they are citizens by birth and by birth they have a birth right towards citizenship in that country. We propose that that birth right should be including inclusive of the resources that are in that country – for instance, the mining resources and water resources, electricity, cellphones, telephones… all the points that are part of that country originally. But maybe it’ll be possible to only look at the resources that everybody requires and needs on a daily basis which are food, water, electricity and something like the cellphone, telephone and internet. These are things that are already in a country and they have intrinsic value. By utilizing these resources you have a situation where everyone in the country participates in contributing towards the total turnover of these particular resources.
If the price is set to be sufficient to accommodate sufficient profit for the shareholders – which in this case will be the citizens of the country – which then are distributed to all those citizens in the country that do not have enough income as a Basic Income Guaranteed, it is possible to set up a system which will have a very interesting effect for all capitalists. This is because suddenly, all the people in the country will be able to spend money; this will mean the capitalists that will so to speak ‘lose income’ because if they already own any of these resources in the country their shares will be transferred through nationalization to the shareholders that should have owned it in the first place, which are the citizens. In other words, if you take away anything from the security of a state and the security of a state is to supply and support their citizens: you’re committing treason. So by taking these corporations and creating them as private entities, taking it away from the rights of the citizens, in fact treason has been committed and this is being done through public relations and cognitive disinformation, by control of the media. This is why we also suggest that the media should also be controlled by the citizens because the media in any particular country is always the voice of the citizens. And therefore, all of these corporations still run as corporations, the only difference is that the shareholding is in the hands of the citizens and it becomes a matter of national pride, and they are managed properly by people that are properly skilled that do so for the benefit of the country.
This can become extremely valuable resources in terms of stabilizing an economy and presenting and producing sufficient profit that at the moment as we know, ends up in the hands of a selective few elite to such an extent that their combined wealth can stop poverty in the whole world several times, which means there is already enough money created. Obviously what they’re doing is a fascinating thing, in many cases they’re reducing prices of products simply to outperform the competition which causes massive unemployment in the world, purely to make more money but is justified as saying that ‘by making things cheaper = we’re making it more affordable for everyone,’ but if a person does not have an income = they don’t have a level of affordability, there is just no way they can own it. So when one takes this model and you apply it and you have each citizen with a Basic Income Guaranteed, the citizen now can spend money, this money will normally be spent at the normal corporations that now supply goods and services in all kinds of arenas, that will increase turnover, that would increase job creation and that would increase profits.
Now you’ll say “But if everybody gets a Basic Income, who’s going to do the work?” very simple, the minimum wage should be double the basic income so that the person is motivated to not use the Basic Income Guaranteed but to go out and work because that will give them access to money to buy luxuries as well, because the Basic Income Guaranteed will not be sufficient to buy ‘extreme luxuries,’ it will be to buy the basics that are necessary, to provide the education that is necessary, to have at least one motor vehicle to be able to have the transport that’s necessary.
Another suggestion within the Basic Income Guaranteed proposal is that there is also a subsidy for homes which is sufficient to construct a reasonable home because that will not only benefit the banking industry, but it will also benefit the building industry and so it’ll again have a knock on effect in creating cash flow which then creates money supply, which creates an economy that is growing and a happy capitalist, because there will be many more opportunities than what exists now.
One of the things that should be considered is the standard of goods – there should be a minimum standard and each country should have a bureau of standards that specifically makes sure that the products made available to the citizens as a matter of their birth right and their citizen’s right to have goods that are of real value, that these products are going through stringent tests. This way we ensure the capitalists don’t just try and make profit but actually provide a proper service and a proper product which will reduce a lot of the unnecessary energy spending in the world where things are just made for the sake of enticing people to buy through advertising. Thus, advertising should be not based on cognitive disinformation or on placing people in an emotional state when they’re buying, it should be based on fact and there should be better regulation about advertising so that people are not psychologically manipulated, because that is simply not acceptable.
When you have a system where you have your basic job facilitation which includes from janitors, to road builders to any type of job where your minimum wage is double your basic income, you will find that there will be enough workers to do the work because they’ll earn more, and those that work will have benefit because they will be able to buy better cars, bigger houses and they will thus have a better standing in the community which will motivate people to look for jobs and because lots more money is in circulation = new businesses will begin, which will again offer more jobs and thus create more opportunities for people to get a better income than just a Basic Income Guaranteed.
The Basic Income Guaranteed must be of such nature that it is sufficient for a person or a family to live a decent life, one worthy of their birth right as a citizen. Utilizing it this way, it becomes viable for the corporations to give up some of the things they control in favor of having a stable economy that provides a lot more money in circulation, which provides a lot more opportunities for profit. By doing this, one reduces various factors that have become extreme problems which are already being investigated by projects like the Big Project In Namibia: if everybody’s got a Basic Income: crime reduces, violence reduces and people want to improve themselves because they are no longer desperate, they have moved from desperation to hope and they start to educate themselves better.
This is an all-around effective solution where one can ensure then that the most Basic Human Rights as in the Universal Declaration of Human Rights is actually taken care of, the capitalists are kept happy, those that believe that ‘some are lazy and some are not’ are kept happy because they can now go and work and earn more money and leave the others with less money.
Essentially a Basic Income Guaranteed is at this stage a viable solution for a world in extreme trouble. Bailouts won’t work, people that actually want to send money to bailouts should rather send it to educating people about the validity of a system that is a mixture between socialism and capitalism and that protects the citizenship of each person within a country. And then between the countries they can work out solutions for those countries that’s got less resources and develop them to also have a similar resource structure which provides sufficient income in house through the internal use of for instance cellphones, airtime, electricity, water, media, that sufficient profit is made out of that to facilitate the Basic Income Guaranteed so that there is never any debt made for facilitating this.
This will also solve another problem that is going to become extensive in the next 20 years which is that all the pensions will be gone because it will replace the pension system, there will be no longer contributions to those pensions because a person will have a Basic Income Guaranteed it will thus, instead of money being invested into corporations, the money will be in the hands of the citizen. The citizen will then use the money to decide what is best and where to invest it.
To all the people benefited with Basic Income Guaranteed we suggest that that they save 10% of that money and invest it every month in the corporations, the other corporations that are not yet owned by the citizens and if all the citizens do that = very soon the citizens will own all the corporations and all the capitalists would have made their profit and will have a system where a person on a Basic Income Guaranteed will earn enough from their shares in the corporations that they will get to a point where their income is higher than the Basic Income Guaranteed and the moment that happens = they no longer are dependent on the Basic Income Guaranteed and they move towards self-sufficiency.
Basic Income Guaranteed will require certain rules. One of them being that one shouldn’t own more than one car – this means that if you have two cars = you have more money than you should have for a Basic Income Guaranteed; and if you have a job and the job obviously always will be according to minimum wage which is double the Basic Income Guaranteed= you no longer require the Basic Income Guaranteed because you’re now in self-sufficiency and that position opens up for another person, because one of the things about this world is that there are always new people arriving that are going to need some help to get into the system.
All education within the system, within a country should be facilitated by the Basic Income Guaranteed facilitation and because education is a calling and not a place of profit, all educators that are part of that should be placed on a Basic Income Guaranteed and all education at university level, everything should be free to the citizens because it is a Human Right to educate each one and it is thus facilitated so that we have in the education system those that truly do it for a calling and that are not doing it for money, because they are doing it as a service to their fellow citizens.
With the Basic 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 tax so nobody is going to pay for anyone’s basic 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 income tax – or shall we say government tax collection.
To have this facilitated effectively, the control of it will be important which means the total system will have to be digitized. The payment of the Basic Income Guaranteed will be via your bank card so it’ll be instantaneous and society will move towards a more ‘cashless society,’ but in a cashless society where one will have enough of what you need and nobody can take away your income because you are guaranteed this income unless you obviously have a job, which means you have double income.
In this proposal no matter what objection one could possibly have, there will be an answer, everybody will be satisfied. It’s a very simplistic solution that brings an end to the problems that are now in the world.
With the rise of the machine there’s going to be job-loss which means there’s going to be greater efficiency, which means there’s going to be less cost on input. So if there is job-loss = there is Basic Income Guaranteed. The type of new businesses that will develop will be based on human ingenuity, the great word that the capitalists like to use.
So the capitalists – those that want to earn more in the system – can come up with great ideas to create new employment and so to uplift people to a higher level of income or double at least that the Basic Income Guaranteed. So all desires, all hopes will be answered and in a way, the whole principle of the pursuit of happiness, the principle of each one being able to be in a world of opportunity instead of just a ‘land of opportunity’ of the US, it will be the whole world that will be a land of opportunity, a world of opportunity where you can be anything you want to be and the opportunities are endless.
Environmental policy will have to be strictly applied and wastage will have to be looked at and therefore the education system needs to be substantially upgraded. This is how each individual will be content and not worry about what others have, and instead work to earn a greater living if they truly want to.
So the Basic Income Guaranteed Proposal for the world is a solution of equal opportunity. If you do not want to make use of that opportunity, you’ll have a Basic Income Guaranteed – if you want to make use of that opportunity, at the very least you’ll have double the Basic Income Guaranteed.
‘How much the Basic Income Guaranteed will be’ is going to be worked out according to what is necessary for a person or a family to make a decent living. In this one will probably have to look at the one thing that needs to change which are currencies, there will have to be one world currency because the need for currencies will no longer exist, because that is only being used by the richer countries to steal resources from the poorer countries and that’s no longer necessary because there’s enough money to pay for it anyway. Therefore, we don’t need ‘exchange rates’ anymore, you can have your own money but it is equal. So if you have the euro = one dollar = one yen = one pound = one rand = one peso – that will make sure we have no more peasants.
It’s obviously the ultimate patriotic system you could ever come up with, be a patriot, be a BIG supporter and remember capitalists: here is your ultimate opportunity of making profit, you will never have had such a good opportunity before because now, your ability to come up with the ultimate product that entices the population to buy it is now at your feet.
Join BIG, be Big hearted: it’s time.
Equal Life Foundation Research Team
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For the idea of Basic Income that is currently being proposed by various groups around the world to work, one needs to look at the whole point of resources within countries and the most effective way to bring about a source that will be able to provide the monetary resources for a Basic Income for everyone – so that each one has got a basic level of dignity – would be to Nationalize all the Resources – whether it is mining or production within a country – to structure the products produced and the resources produced through a pricing structure that produces enough profit so that such money is specifically dedicated to pay a Basic Income to everyone in the country.
This is how the shareholder becomes the citizen and therefore the citizen benefits from the shareholding and the Basic Income becomes the way that the profit of the business is utilized to help everyone. Each one will be made aware of buying products from the very companies that are producing the income that will become the Basic Income Guaranteed. In this way, the Basic Income becomes possible, it is a form of socialism and it brings capitalism or the ownership principle of capitalism into a place where all citizens of the country become part of the basic capital, which is the basic resource that is then utilized for the benefit of all the citizens within the country.
This way the corporation = becomes government, the shareholder = the citizen, the profit = the Basic Income Guaranteed and you have financially sustainable basic solution to create integrity and to bring about the end of poverty within a country. From that perspective one can then develop business structures of competition, but there are certain things that are not part of competition: the human should not compete with each other to the extent where poverty is caused or where people are driven to starvation, or where people do not have homes or food – that is not competition, that is brutality and is completely unacceptable.
So this whole idea that competition and market forces ‘will sort it out,’ the evidence is quite clear: it’s not going to happen. What needs to happen is a directive action politically by people to bring about economic change, nationalize the necessary resources, make the citizens the shareholders, pay them as shareholders a Basic Income out of the profit, motivate them to buy from the products and the resources that are being nationalized because they are supporting their own business and that’s how we create a solution for Basic Income.
Some of the benefits of a Basic Income Guaranteed through the way we propose would be that in essence it is a redistribution of money which allows an interesting thing to take place: more people having money to spend on the basic things that are required for a decent life, will cause actually some of the corporations to make more money. There’ll be more money in the money supply therefore there will be economic growth and consequently, employment will be created and so people will be able to step into better positions and the benefits of such a scenario would bring about a positive growth within the whole system.
Understand that without having the resources, the way to guarantee how one will get the money in the current system, a Basic Income is impossible and that the current limited resources due to the absolute controls of the corporations and the extremes of competition in terms of how that has limited the growth of the money supply and limited the amount of the people that can participate in the economy = that scenario is a problem and one needs to have a solution. The solution is that one expands capitalism through nationalization by making the citizens the shareholders and so, grow the economic benefit for everyone. This is specially in things like cellphone/telephone companies, electricity, water, all the things that are basic needs must be corporations that are run by government qualified people and the citizens/the shareholders, wherein the pricing must be such to generate enough profit to be able to sustainably pay a Basic Income to everyone and within that, you’ll have a solution for the current problems and step-up eventually into a new system.
So let’s revisit: if one takes your Basic Resources like power, cellphones, telephones, water and one charges for them – because they’re required and consumed within a particular area or a country – according to a structure of profit to provide a Basic Income Guaranteed from everyone to everybody, you have a stable income because you have a stable user and the user is able to pay and it is part of their basic way of existence. Mining and other type of natural resources are all in a similar position and they should belong to the citizens and no one else. From there we can bring equal dignity to all from birth to death – but for that, we require to provide a lot of education because currently the human beings do not challenge the elites that benefit from winning in this competition of capitalism.
Competition is good if one competes with yourself to bring about a better product, to bring about advancement for all = that is competition within the principle of common sense. Competition that leads to destruction, poverty, starvation and that drives people out of their homes and that creates extreme wealth for just a few = that’s not competition, that is brutality and abuse of all Human Rights in every way.
Study the Universal Human Rights, study the Human Rights by The Equal Life Foundation. It is time that we take this on politically and bring about a change in this world because the situation is not going to get better without us doing something about it.
Join and research solutions for the world. It is time for change.
Equal Life Foundation Research Team
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