new economic system
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
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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
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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
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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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