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Eight Ways To Reduce Global Inequality (Demo)

GlobalInequality030215

A more equal world could be created through taxing progressively, respecting worker rights and rethinking economics. Here are eight ways to reduce global inequality once and for all.

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An international banking regulation, that requires sovereign debt to be backed with Commons shares, with the interest payed on that debt distributed to the shareholders (adult humans), and prudent restrictions to safeguard the capital, would provide a global BI.

Presented as universal economic enfranchisement, it is no longer a handout, but a reasonable return on commonly owned property, and since the property commonly owned is the globe, the system to recognize and distribute that property is reasonably global.

For example: A Commons share valued at, say $1Million, could then be distributed to each adult human on the planet, for deposit in trust at local banks, without significant cost to anyone. The total number of shares would always equal the number of enfranchised people, providing a stable base.

Each sovereign entity would need to make the interest payments on their debt, possibly raising taxes, but that would be required for a BI of any kind. This distances the taxing arguments from the BI arguments.

To further illustrate: A country with a population of 1 Million, along with state, municipal, and some level of individual participation*, could borrow a maximum of $1Trillion (equivalent) against it’s citizens shares. With a debt, and a treasury of $1Trillion, the country can develop a financial plan to increase revenue to cover the $12 Billion in annual interest payments.

*Individual sovereign debt, as secured loans against that portion of Commons share that would be used for housing, to purchase a home or farm, and/or secured interest in workplace.

What seems a very large amount of money created by this new debt, really only provides a functional level. With the new money held primarily in cash reserves and secure investment, the actual increase to money supply is likely to be offset by increased production and asset valuation, since the spending of new money is restrained by labor and material availability. Observing that this limit also defines “full employment,” that would also be a reasonable expectation.

Tying all fiat currencies to one base stabilizes exchange, particularly with proportional increases in flow.

Additionally, increasing the total amount of recognized wealth/available credit can functionally dilute the current, legislatively sociopathic corporate control, by enabling more representative groups of humans to compete.

This utility doesn’t care what government is in control, just that each person gets to spend a share, and cast a vote in what gets produced.

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