Day 257: Living Income Practicality

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Day 256: Will LIG result in a Centrally Planned Economy with a Coercive Government?

This blog-post is a response to a Facebook Comment made in relation to the Living Income Proposal. "Government is still government. Centrally coerced power nonetheless." I suggest reading the blog ‘How Companies will be Nationalized and What does it Mean? LIG’ for more clarity on how we suggest nationalization is to occur – where it is NOT the government that would centrally own/control the resources ‘on behalf of the people’ – it would be...

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Day 255: How will Companies be Nationalized and What does it Mean? LIG

How will companies be nationalized and do you foresee any resistance? Within LIG, nationalized companies would not be owned by the government – they would be owned by each person of the population directly. One of the great down-sides of nationalizing companies as how it has been done in the past, is that the government owns the companies, and thus – the companies are managed in a way to benefit the government, often creating inefficiencies...

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Day 254: Only for the Brave: Living Income Guaranteed and the End of Warfare

Q: Within my studies I touched upon international relations and there is a point I learned about which I see could be a concern regarding the point of the redirection of military budgets.The point is similar to a point in the animal kingdom where the majority of decisions/disagreement/tension is resolved not through actual violent interaction, but rather through intimidation with large size, vicious displays etc... where one animal simply submits...

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Day 253: Living Income Guaranteed and Means Testing

Q: What information will be gathered to determine whether a person can receive a Living Income Guaranteed? A: This question pertains to another question, which is: who will receive a Living Income? The purpose of LIG in its most basic form is to provide a Living Income to those individuals who are unemployed or retired. Similarly to how the system works in most countries today – if you are unemployed and want unemployment benefits you require to...

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Day 252: The Rich Be Cursed, The Rich Be Blessed

This image of Harris Rosen has been circulating Facebook. I find it amusing to read the comments made under it. On the one hand society is angered by the rich for appropriating such huge amounts of money for themselves while others are struggling to make ends meet. Yet, when one of these rich people takes responsibility for one neighborhood, he is revered and blessed for doing 'God's work'. This creates quite a conundrum, because on the one side...

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Day 251: Living Income Guaranteed and Market Mechanics

This blog is in response to a comment made on Day 250: Economics Nobel Prize reduced to Laughingstock : “Economics is about, or should be about, how to employ the available means in such a way that no want more urgently felt should remain satisfied because the means suitable for its attainment were employed - wasted - for the attainment of a want less urgently felt. This is what it means to economize: to allocate scarce resources to their most...

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Day 250: Economics Nobel Prize reduced to Laughingstock

“The award was for their work on the pricing of financial assets. Together they concluded that predicting the price of stocks and bonds in the short term is virtually impossible. But they showed it is possible to forecast the broad course of prices over longer periods, such as the three to five years. Shiller was among those who warned in the 1990s that the run-up in stock prices as part of the Internet stock bubble was the result of "irrational exuberance."  Last...

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Day 249: Nozick's Entitlement Theory of Justice - what are we REALLY entitled to?

Robert Nozick is best known for his work ‘State, Anarchy and Utopia’ in which he argues against patterned principles of justice and in favour of an entitlement theory of justice (2013:26). We will first consider what the difference is between the two, to then proceed with a critical review of Nozick’s argumentation, herein paying particular attention to the relevance of such a theory in consideration of the present as an outcome of human history. The...

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Day 248: Q&A on Living Income Guaranteed

Here follow questions and perspectives about the Living Income Guaranteed proposal - from the Discussion Forum at livingincome.me. It would be very helpful if all the essential information on your LIG proposal were to be found in one place, preferably a single page or two, instead of being scattered all over numerous blogs and vlogs. What I mean by essential information is how exactly it is to be financed, who are entitled to it and on what...

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