money supply

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