Archive for the ‘Taxation’ Category

A MONEY-LESS FUTURE LIKE ON ‘STAR TREK’? IS THAT EVEN POSSIBLE?

June 13, 2015

Yep, several countries are on the cusp of introducing a ‘Unconditional/Universal Basic Income’, which will go to everyone to cover the cost of housing and food, everything ‘earned’ is on top of this.

Many Economists and Philosophers on the left and right have written at great lengths in support of UBI, including Thomas Paine, Friedman, Freidrick Hayek, etc, etc.  Left leaning economists see UBI eradicating poverty. Right leaning economists see UBI as providing the billions of people who will shortly lose their jobs to cheaper machines with income to buy the products these cheaper machines will produce more cheaply!  Without UBI the vast proportion of the population will have NO money to buy products… and the system will crash.

UBI will be funded by scrapping most social benefits and by placing a more realistic tax system in place, i.e. the greatest proportion of tax is currently raised from those on low income, whilst billionaires pay little if any tax.

Moving from ‘providing money to buy products’ to just ‘supplying products free’ is then not a very big step. We will move into a ‘moneyless society’ which will be based on ‘Resource Based Economy’ (RBE).  The Earth will be declared the inheritance of the entire human race.  A global audit and computerized system management will provide products to meet needs, NOT to create profit. The math has been done and under RBE everyone on the planet can have a better lifestyle than all but the current billionaires (who will unfortunately have to be taxed back to being mere millionaires).

Please check out Home – The Venus Project who’s founder, Jacque Fresco, invented RBE.

This is for YOUR information.  The answers to the many questions you may have are out there. I don’t wish to debate any naysayers, the argument is already being soundly won.  If anyone is interested in learning more then ‘Google’ is your friend.   ‘Universal Basic Income’ will take us on the first steps towards the ‘moneyless society’ of a future ‘Star Trek’ Earth.

“Make it so!” 

Why a massive tax on the richest will benefit everyone. Even the Billionaires!

August 5, 2014

- - - semina-in-piena-terraWe should tax the billionaires much more. Most actually pay little or no tax. The billions of workers on lower wages pay the bulk of the tax raised.

Capitalism works, but it doesn’t stop working, it keeps on working and will continue to work, funneling money to the top, until there is no more money left to pay back into the system.

At the moment the workers must work for money, to keep the system going. Soon, because of automation, there will be hardly any jobs, so people will have no money to pump into the system. At this point the system will crash.

Billionaires need to get their heads around this and regularly release capital back into the system, via higher taxation. Norway has a high rate band of 76%.  What do billionaires ‘need’ that millionaires can’t afford?

We should tax billionaires back to being mere millionaires, put this ‘hoarded’ money into a monthly ‘Unconditional Basic Income’ for everyone on the planet and people will spend the money back into the economy. Reducing hoarding and increasing circulation, by pumping regular cash into the system, will ensure continuing profit for the 1%… the excess of this profit will feed back into the system through the tax into UBI… and so on…until we grow enough mentally to be able to accept the notion of a moneyless society, where automation satisfies the 100%’s need, rather than the 1%’s greed.

Meanwhile, we must tax the billionaires.  You can’t reap a crop of cash profit, if you don’t plant cash seeds.