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What is the Living Income Guaranteed?

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Living Income Guaranteed is an economic and political mechanism to ensure the establishment of Fundamental Human Birth Rights of the public through allocating an allowance on a monthly basis to every eligible individual that is currently in a position of being unable to sustain themselves – and/or people in their custody – financially to a level that Human Dignity deserves and that currently lack such support due to reasons beyond their immediate control including – but not limited to – unemployment, lacking access to food, lacking access to housing, lacking access to healthcare, lacking access to education, physical disability, being retired or not old enough to have a job.

This is within the understanding that the existence of poverty and lack of education as the key to have a job and means to live is the result and outflow of the economic system’s malfunction, providing an unfair allocation of National Natural Resources, being unable to support every living individual with sufficient access to fundamental living necessities. The most immediate remedy is to eradicate poverty, through allocating/designating a monthly allowance to those that don’t have access to their fundamental living necessities, thereby empowering them to establish a dignified life, enabling each one to reach their potential, choose a career and contribute to the economy through their skill, labour and purchasing power.

Why is it called Living Income instead of Basic Income?

It is called ‘Living Income’ because it won’t only provide each one with the minimum required to survive, it implies sufficient allowance that is able to cover the fundamental expenses required for a dignified living Why? Because this will enable people to reach their creative potential, return to the job market, become independent from the Living Income and contribute to the progression of the economy.

This means that a Living Income Guaranteed should be provided to all individuals that are currently unable to participate in any economic activity due to the lack of jobs/education/health. However those that don’t participate in any economic activity but do have sufficient money to live due to, for example, family wealth, inheritance or any other regular income won’t qualify nor require the Living Income Guaranteed.

Why is Living Income Guaranteed Not Unconditional?

The reason why it is not given to all people unconditionally is because this would undermine the sustainability of an economic system that does require people to be motivated to educate themselves and work to enable the continuation and functionality of our societies.

That means that people that work won’t get the Living Income Guaranteed?

That’s right, however we Do propose that the Minimum Wage is Doubled (twice the Living Income Allowance), which means that there will be a series of reforms to take place first to make the Living Income Guaranteed a sufficient Allowance granted to cover fundamental living necessities, which is within the context of our current economy More than our current Minimum Wage standards.

This allowance should be sufficient for an individual to have dignified living conditions with guaranteed access to their fundamental human birth rights: Food, Water, Housing, Healthcare, Education, Clothing, Transportation, Public Services, etc.

Now to motivate people to work, the new minimum wage should be Double the Living Income Guaranteed in the most common economic activities which are at the moment associated with retail workers, waiters, cashiers, transportation workers, fast food industries, etc..

So, anyone that genuinely wants to have a top quality lifestyle will not conform to only getting the minimum as the Living Income, but continue educating themselves, developing further skills to make more money and have more financial solvency.

What’s in it for the corporations with implementing the Living Income Guaranteed model?

A broader consumer base. Those that previously had no money to live and as such were not economically active will suddenly become active participants in the economy which will ensure that profit is also broadened for corporations, realizing that if more buyers emerge, there will be more profit that can be used to better the working conditions, to diminish the compulsive production and instead adapt the prices to make things affordable, with great quality and providing a secure and harmonious working base, as well as proceeding to fund the automation of jobs that are currently deteriorating human health.

Workers will feel supported and cared for by their employers, which will result in individuals that no longer feel pressured and enforced to only be a profit-making machine, but will feel happy and content to realize that their work is being truly remunerated and that their time and contribution to the corporation is being valued as the life-time investment it actually is. A well remunerated individual will create a happier and fulfilled society that is no longer afraid of not having sufficient money to feed their family, it will be the beginning of a new era of quality work that dignifies the lives of human beings that genuinely desire to improve their lifestyles.

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Why is the implementation of a Living Income Guaranteed an immediate solution to the economic crisis?

More than a solution to a crisis, it should be understood as the way to guarantee that the Fundamental Human Rights to each individual are properly funded through allocating an Allowance as the access to the necessary things one requires to live in a dignified way – this is within the principle of Giving to others what we would like to receive, and if we want to live in a peaceful society, to have a happy and healthy living condition, we then must give access to this Allowance/Income as a living certainty that will eradicate the need to resort to crime, panhandling, homelessness, lacking education, health care that results in economical regression affecting every individual in society.

It is common sense that if we give an Allowance to every eligible individual to be well nourished, have proper living conditions with the fundamental necessary services, health care and leisure time, more educated beings will emerge from this when realizing that if one is given support as in getting an income to cover one’s living necessities, one learns how to give back to society too. This will be understood as a living principle that applies to every living being on Earth beyond any political, social, religious or ideological affiliation. We’re talking about physical living necessities that all human beings require to live in a dignified and sustainable way.

On top of this, many jobs are being replaced by the rise of the machine, which will require more restructuring processes in our economy to finally upgrade the premise of being able to ‘make a living by having a job’ because if jobs are currently not available to all – regardless of having college degrees and necessary skills to have one – then it is certain that a new understanding of our economy should be grasped as supportive mechanism for all individuals rather than a restrictive and coercive one.

In the past, long-term policies and treaties have attempted to benefit the working class over time, and it has proven to be inefficient for the tightening policies implemented by corporations as well as the economic outflows have deviated their effectiveness. This is how through a direct intervention to provide the Living Income as an Allowance and doubling of the minimum wage, we are directing the problem at the root, instead of expecting third party actors and policies to solve the situation throughout time.

Will the Living Income Guaranteed undermine competition and as such create economic stagnation in society?

Not at all, actually it’s the other way around. If we define competition as the ability achieve the best living condition in a society, by allocating Allowance to every eligible individual that previously had no access to it, we assure the activation of the economy and impulse people to work if they do want to have a greater economic solvency to cover other consumer desires for extra commodities that are not able to be paid for with the Living Income Guaranteed. Also, there is no limit to how much money you or corporations can make as long as their businesses do not interfere in any way with the nationalization of natural resources or fundamental public services – that is the condition. That means that the rules of a free market still apply and as such, the only constitutional and governmental management will be to supervise the implementation of the Living Income Guaranteed, as well as conducting the usual maintenance, management and provision of public goods and the justice department.

The more you prepare yourself, the better work you’ll have, the more benefits which means you will earn more money as well. Competition means bettering oneself to perform a certain activity the best way one can and this is an essential part of human nature  that has kept our societies remaining competitive, innovative and creative  at a local and global level.

You will also be able to truly have free choice on which work is best for you instead of engaging in working contracts based on need rather than preference or choice. This is the way to implement a real ethical environment at work too, where no more exploitation occurs since any job won’t be the result of a need to work in order to survive, but rather become a means and incentive to increase the quality of life. 

How will it be funded?

Through the nationalization of resources , banks and basic services which means that if, for example, your oil, gas, water, electricity, telecommunications ,transportation is defined as patrimony of the people, the profit that comes from the consumption/purchase of such goods and services should be sufficient to fund the Living Income Guaranteed for eligible individuals. This means there will be no need to have personal taxation but instead keep the VAT (Value Added Tax) as it is to continue funding the functions of the government – this is also within the consideration that as the purchasing power increases and consumer base broadens, the funds coming from VAT will also increase creating more solvency in governmental budget as well, which translates to higher quality public welfare.

Thus with the Living 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 income tax, so nobody is going to pay for anyone’s Living 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 government tax collection.

This is how the distribution of wealth and profits is expanded onto those that would have no benefit from the commercialization of natural resources and basic services, and due to the constant consumption and requirement of these, it is ensured that the foundation of the Living Income Guaranteed will always remain sustainable and have sufficient funds to cover the beneficiaries’ expenses.

Another example is how through stopping allocating money to fund wars, the trillions of dollars that are spent in the warfare industry can be designated to revitalize the economy through funding the Living Income Guaranteed and supporting the health care, education, commerce, production industries and basic services that require to be improved at home.

Will Public Services also be Nationalized?

Health care, education, water, electricity, telecommunications, media, banks will also be nationalized. Each country will have to assess their available resources in order for the government to make sufficient profit to fund the Living Income Guaranteed.

How can we implement the Living Income Guaranteed?

Through a political proposal, through existing or new political parties that have this mechanism as their key card to gain the majority vote to have our Fundamental Human Rights guaranteed through the Living Income Guaranteed. This means that the right to a Living Income must be granted on a constitutional basis – this is a national-based system constituted at a political level and able to be voted on within a democratic process based on the principle of one man, one vote.

LIG Hong Kong

 

A Living Income Guaranteed is the BIG Issue

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Yes, a Living Wage, a Living Income for every human being is a Basic Human Right that has been violated throughout human history. It is justified through all our culture’s literature, education and religion by creating a model wherein apparently your life is a cast within which you have a position for which you must be grateful because ‘your life was given to you by some higher force.’
Multiple ways have been found throughout time to justify the inequality that exists and to cast the elite as somehow more important, more endowed than those that have not. Here, the elite obviously being the ones able to fund the propaganda that made this an acceptable way of life, creating from the old cast systems in the east today, the cast system of ‘Positive Thinking’ claiming all the way that each one is individually responsible for what and where they find themselves in this world.

If we have to look at the facts of how the system functions, then we can clearly see that this is not true. If we have to look at the fact that there exists an inability to use a democratic model to bring about change, where each person has one vote and thus the majority – if they were in fact able to assess what is best – would vote for what is best, and what is best will always create a result that is also best for the individual. Yes, those in power that manage the content of the human mind through media, through entertainment, through television, through education, through religion, through every means that now exist – because they are funding it and they are funding what protects their rights but do not protect Human Rights – those will be in a lesser position than where they are now but some of them own virtually the whole world! So: they’re going to have to share.

What is interesting in all the economic approaches and activism approaches to the problem of the world is that there is no actual substance in their approaches. If you look at the economic models and how things are based on possible outcomes, opinions for instance are used which are statistics.
Statistics is the very clever design of the public relations industry through which people are manipulated.

If we look at statistics and you build a model – let me give you an example to demonstrate my point: if half of your body is in a freezer and the other half is in the oven you can statistically prove that you are now ‘on average comfortable’ – that’s bizarre! But that is what statistics do, it is a way where you can model information to suit the answer you want.

Now understand that our educators and our scientists are all funded with Grants, they have Basic Grants which they then use to do ‘research’ – but they’re not really doing research, they are instructed to build models that will fit the public relations objective of the corporation or government that is giving the grant – they are not really scientists, they are not really educators, they are simply wage-slaves because it’s a form of slavery. They are forced by money to follow instructions and to build models that can be used to misdirect the populous so that they do not threaten the power and wealth that is situated in but a few family lines.

And everyone that benefits from this system as it now exists in some way ends up as a slave because you are virtually initially forced by money and wealth to change your principles and then to take your principles and your integrity to create a form of opinion, a form of statistical model to justify your decisions so that to yourself you sound ‘right’ and righteous. This is for instance a fascinating thing because if you look at the current Basic Income Grant models that are being presented in places like Europe and in Scandinavia specifically, there’s no real research being done about the Impact such a model would have in all the other countries in the world.

If you take a country like Switzerland and you introduce a Basic Income Grant Model, you will increase consumerism in Switzerland, there would be no other actual change but that would lead to an outcome that the Swiss will be consuming more of resources on Earth, which would lead to poverty in other countries. Obviously they haven’t considered or investigated such points because they don’t really care about anything else but their own pocket, they don’t want to consider the problem is within how information is moved, within how education functions, within how religious brainwashing functions, within how the economic model is based on statistics which means you can’t trust any of the information given out by any government because they only use statistics, they don’t use facts.

The fact that ideologies like ‘Anonymous’ are used to create fear so that ‘you do not share your data’ just underwriting the fact that the average human being has no conception of mathematics and the importance of mathematics within our physical world. So there is no exact data with which to create a system that is best for all where each one will be taken care of because nobody wants to share their data, you fear everyone else. There’s this complete conspiracy of fear that has been propagated over generations to ensure that you become in the end only a number – exactly what the Bible predicted – and that everything you do is always just about numbers, but never about mathematics. It’s always about how much money you can make, profit, numbers and statistics which is just numbers, numbers that don’t mean anything and you can make it look like anything: Public Relations Propaganda.

In the meantime, the situation in the world is getting worse; the value of your labour is now worthless. It is necessary to study the proposals of the

Equal Life Foundation, we do Actual Research, we base it on fact, we show you how incorrect reasoning and self-interest will lead to problems, we show you that unless what you install on Earth, what you promote on Earth is based on fact, that means on the facts that are on the ground – with the feet on the ground – the facts of the lives of the people and unless we get to a point where we can realize that this mathematical fact is necessary to get the mathematical certainty of outcome to produce a system that is best for all and we keep on promoting the idea of Free Choice under the disguise of statistical models called opinions, creating a complete lack of ability for the human to do any reasoning, the world will continue to get worse – it is a fact.

You have to understand that the anatomy of facts in this world is based on Physical Certainty – not on mind models of opinions where you try and look clever with all kinds of models that you draw on paper, making little lines calling them ‘graphs’ and saying ‘that’s the movement, that’s the frequency, that’s the energy’.

Do your research, join us in this process of a Living Income Guaranteed as a Human Right for Every Being from Birth to Death, that’s the very least you would like for your own children; you want to be sure that your generations have a future? This is the way to go.

Time to Wake Up.

Equal Life Foundation Research Team

 

 

A Living Income Guaranteed is the BIG Issue

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 Guaranteed and Commodity Pricing

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The theories about free market suggest that supply and demand determine the price and that apparently there is a ‘market force’ that is determining at the end of the day who will be wealthy and who will be poor. The odds – if you know from playing Monopoly – are that ‘he who has the money will be wealthy because they will get more’. This is happening very effectively with commodity pricing, because the future’s market and the establishment of pricing through this common oddity instead of common sense – for example, determining the price of food this way like in a giant casino – is certainly not a way for any competent government that represents citizens to enable feeding its people.

Take for instance food in a capitalistic world where labor is a capital and your food is a capital, and the seat of your government is a capital and the money you have is a capital: the creation of food and feeding one’s citizens and then making available the surplus in the open markets is the way it should function. Where the establishment of food prices is based on the labor input and the cost input and the historical growth in value through the accumulated effort of the human’s participation on Earth. These are the aspects that must be part of the pricing system to ensure that those people have no need for a Basic Income, because there is sufficient profit for those involved in creating the food to make a decent living, to pay the farm laborers properly so that they can do their work with a loving heart and not because they are forced to do it because they have no other means to make a living.

Imagine! all the people that are into the ideas of ‘consciousness’ for instance, already have this inclination that ‘the hands that touch things have an influence on its constitution’. This would imply that if your food is produced by poor people desperate to make a living that are not getting enough money, constantly experiencing anger, anxiety and fear = that would be transferred to our food and because we accept that as ‘okay,’ we accept the consequence of this form of production as ‘okay’ and as such, we accept the consequence of placing this in our body as ‘okay’ without realizing and understanding how is it that within this we contribute and participate in creating more disease on Earth.

Within the commodities’ markets, food pricing and the giant casino, those that make profits do not care about this because they can create another health product to sell and place on the markets, continuing the cycle of supply and demand which results in forced labor and economic slavery.

With Basic Income Guaranteed we suggest that we start looking at the real science, not only the genetic modification that is attempted to be controlled through patents and influencing the food supply to influence the palate of the population and have control over it and thus control over price. Price control in Basic Income Guaranteed is not a matter of control, it’s a matter of common sense: if the labor part of the food production is not healthy = the food cannot be healthy as the investigation into water crystals by Masaru Emoto indicated – and then it cannot produce a healthy society because the pricing isn’t healthy, the capitalistic system isn’t healthy, there is not enough money moving and your debt will increase! And then, because you are creating the system through a form of conflict, the only way you can then save the system is through conflict. Capitalism throughout time has been proven to ‘need war’ to continue existing and regenerate the economy, to create jobs and to create money for a minority.

Commodity markets and open markets need a new definition where a country produces a particular commodity, it first supplies its own citizens and the surplus – which can be determined as to what is needed in the world, just as it is done with oil – can be sold to all the other countries that need a particular commodity so that they can have access to it on the open market at a price that does not cause poverty and starvation, but that enhances the global economy.

Labor has lost all capital value which means if your labor is worth nothing = you have no power with which to ensure your wellbeing financially, health-wise and in all ways of your own family – and then a country is not able to support its citizens through proper government. And here the capitalist, the wealthy person needs to understand the simplicity of the Basic Income Guaranteed. If you have citizens that have more money to spend and you only have a system that focuses on competition based on pricing, will cause less money to flow. Therefore we propose that competition is based on value, technology and effectiveness.

If one competes on things that are genuinely valuable like a better warranty, better quality product or a unique and innovative product, it is a healthy use of competition that doesn’t cause harm: it enhances the product. But to compete based on price alone, claiming that global prices are going to be ‘good for the citizens’ while the quality of the products is dropping all the time indicates that there’s something really wrong in our reasoning! Because the evidence is very clear that this is not how reality works. The very fact that this is even allowed and not seen as treason because of the way it harms the citizen = that is even more revealing to what extent we are not yet aware of how we have caused our own crisis and demise.

How labor loses capital value with lower commodity pricing and that lower prices create job loss, unemployment and starvation, should be part of our common sensical understanding of the economy. Yet, do you see any of this in the news? Do our journalists actually even comprehend the fact that they are not actually reporting the root and cause of the problems we hear and read about every day? This is a massive problem when we fail to see how it is through our common acceptance of economic inequality that we then accept every single problem and consequential outflow that stems from failing to support every single individual to live in the best possible sustainable manner.

The facts are that if the labor that is put into the production of something like food is not compensated effectively in and through the price, and if the distribution is not compensated and all participants within the creation of the food process are not compensated properly = then we are creating poverty through producing food.

How have we created poverty? We have food at a lower price which means less tax = which means a weaker social service = which means there is not enough money to support all the citizens – this is why we end up with revolutions – Why would we do that deliberately, unless it is that we don’t even understand – after our so called evolution – that we are actually creating the problem with ideologies like a ‘free market forces’ and ‘supply and demand.’

Supply and demand is very simple, it should be based on: What is the supply? Is there enough food for everyone? Which means that the demand is how much we need, what’s the surplus and whether the profit made from it actually supports everyone that is involved in the production process to make a decent living – this is what supply and demand is in a practical civil way. The ways that are currently used are downright counterproductive and detrimental to our global economy.

If you can see within integrity and common sense the problem that we are presenting here, then support a solution that is real: educate yourself, step out of your self-interest and realize that we must work together as one within a democracy to bring about real change.

Equal Life Foundation Research Team

Basic Income Guaranteed and Commodity Pricing

Living Income Guaranteed and Oil

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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

Basic Income Guaranteed and Oil

Living Income Guaranteed and Pensions

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Within a Basic Income Guaranteed system the need for unemployment, insurance, benefits, pensions and life insurance no longer exists. The resources that are placed within the shareholding of the citizenry is what facilitates the Basic Income Guaranteed and one qualifies for benefit from your shareholding when you are unemployed, when you are on pension or when you are in some way incapacitated and you cannot work – this implies that there is never a stage where one is without the necessary capital to actually sustain a living.

The industries that are currently profiting from all the misfortunes in a person’s life no longer need to exist because your Basic Income Guaranteed facilitates all the points and ensures that no one is ever without capital when they’re unemployed or if you have been in an accident and you cannot work = you’ll still have an income; the same applies if you have a family and the bread owner dies, the family still has an income. All the points where insurance existed which has been the recipient where people has placed their money, has caused such major havoc in the world within the financial sector because this money then goes into the stock markets to mess with the world food prices and to come with the idea that apparently ‘there are ways to make money’ so it becomes part of the global market casino. The end of this casino is possible with Basic Income Guaranteed, although other corporations will still probably want to benefit from it and have shareholding, that will still happen; but your shareholding will no longer be vested in major corporations or life insurance companies, it will be the individual that will invest through their bank – and the bank being one of their own businesses in which they have shares that will facilitate and manage the investment in the privately owned and financed corporations, so that the distribution of money and the management of the system becomes highly efficient.

All of this can be computerized with great simplicity as a mechanism that can be trusted once placed and tested. This is how we can reduce the problems coming from humans making mistakes, because with the machine and with software one can manage the distribution, the placement of investments a lot easier. So, a citizen can decide that they want to support a particular business and buy shares in it and then once there is a profit declared by that company, the citizen benefits from the profit through dividends – these dividends are tax free, because there is no personal tax and there is also no corporate tax – so one can use that to spend on luxury items and so, the cash flow of the economy increases, which means job creation increases which means there are more jobs available for people that want to earn a better living and not only exist with a Basic Income Guaranteed, yet Basic Income Guaranteed is sufficient to make a decent living.

Investigate economic solutions and support the Equal Life Foundation – we are here for you.

Equal Life Foundation Research Team

 

Basic Income Guaranteed and Pensions