Day 237: Planned Obsolescence becomes Obsolete with Living Income Guaranteed

During the war as countries no longer had access to their usual trading routes through obstruction like blockades and disrupted commercial agreements, industries had to start making the same things with inferior materials, simply because the usual materials which would ensure quality and durability were out of reach. As time progressed, an interesting thing was noted. People who bought the products for which inferior materials were used, ended...

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Day 236: Living Income Guaranteed will Reduce Suicide Rates

The American Association of Suicidology says: "There is a clear and direct relationship between rates of unemployment and suicide. The peak rate of suicide in 1933 occurred one year after the total US unemployment rate reached 25% of the labor force. Similar findings have been documented internationally. At the individual level, unemployed individuals have between two and four times the suicide rate of those employed. As well, economic strain...

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Day 235: Living Income and Effective Markets

"... and it leads to mediocrity by furthering the emergence of a “mass culture” where the lowest tastes are catered for. Furthermore, it is contrary to human nature with its rich diversity. Why make equal that what was not equal in the first place?" The above quote was made in relation to the promotion of Equality within society. Within the implementation of a Living Income Guaranteed, we are promoting Equality within placing everyone in a position...

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Day 234: Living Income to Cure the World of Crime

One of the objections that has been raised against implementing a Living Income Guaranteed to ensure that every person is secured with the means to support themselves - is that: one would be rewarding individuals without them doing any effort to create a better life for themselves - and so - implicitly, one is rewarding laziness. This objection obviously does not consider the reality of the economic system we currently live in - where, motivation...

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Day 233: Can LIG provide us the punch to beat the recession?

Whenever the point of policies in relation recessions opens up in economy textbooks, we look at expansionary and monetary policies to help stimulate the economy. Within this government spending, taxation and interest rates play a major role. Here, we are pulling strings from a giant tapestry, hoping that a pull here and there will have an effect way down, on the other side of the tapestry, somewhere down the line… (if we allow enough time to pass...

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Day 232: Putting Economic Theory into Practice with Living Income Guaranteed

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