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A lot of people see problems in getting basic income funded. But is there is a simple solution :) Generate the money, just print it! Everyone on earth will ge
by FrankyHollywood 11y ago
A lot of people see problems in getting basic income funded. But is there is a simple solution :)
Generate the money, just print it!
Everyone on earth will get an equal quantity of money, every month.
Now this money can be used in two different ways.
1) Buy natural resources
2) Buy services
This distinction is important:
When somebody provides a service, like fixing your bike he gets money and can keep it.
When you buy a 'natural resource', like wood, corn or oil the money must be destroyed.
What I hope to accomplish this way is several things:
- Equal chances for everyone, everybody can buy the same amount of natural resources on earth.
- Destroying the money keeps the total money amount balanced. Natural resources are limited so a limited amount of money seems fair.
- The system makes adding value to the world profitable. You are stimulated to be creative and do something for someone else!
- Perhaps the total amount of money will increase. This is not bad perse, rich people will get less rich. But everyone always has enough money to live a good life.
This is the basic idea. How this should work in practice needs lots of work, but I'm really curious how you guys think about this!
- stouset 11y agoDoesn't this mean the person selling natural resources to you get shafted?
- FrankyHollywood 11y agowell, he has to destroy a certain amount by using the earth resource, but he can raise the price of the resource with his 'service' part. How much a resource is actually worth is the most difficult question. Perhaps environmental factors like CO2 and ecological damage should be incorporated?
- fredo699 11y agoYou don't understand what money is. If it doesn't actually represent real work, or some material good, it's valueless. It's just this weird stack of paper that shows up at the door every month.
- deleted 11y ago[deleted]
- eanzenberg 11y agoMoney becomes devalued when you flood it to spend on non-productive things. You sure you want that?
- FrankyHollywood 11y agowell, what I want is that everybody has the same 'right' to get some of the worlds resources. But once you have used them, you got your share and the money must disappear. However, if you work for something and add value to the world you should be rewarded. It doesn't feel right to me to let people who work hard pay money to people who do nothing. By having to pay for natural resources generated money will not devaluate (quickly?) How to keep such a system balanced is not trivial, but impossible? I can't tell
- maker1138 11y agoThis is a terrible idea. Something similar to it has been tried dozens of time in the past with disastrous results. http://object.cato.org/sites/cato.org/files/pubs/pdf/workingpaper-8.pdf http://object.cato.org/sites/cato.org/files/pubs/pdf/working...
- FrankyHollywood 11y agotnx for the article, very interesting! Hyperinflation is definitly not what I would opt for. Still I'd like to have a system where every earth citizen has equal rights to earths resources and one where people who actually make the world a better place to live in should be rewarded somehow. If you think about it, our monetairy system, salaries, social wellfare, taxes. Although not perfect, we kind of have such a system allready :)