Ending the Vicious Cycle of Economic Inequality with Living Income Guaranteed

“Rising economic inequality was a major driver of the financial crisis. With the OECD recently debunking ‘trickle-down’ economics, our new report sets out the links between inequality, the growth in scale and influence of the financial sector, and the dangers for financial stability.”“Privatisation and the doctrine of maximising value for shareholders have increased the amount of economic activity focused on extracting the largest possible short-term...

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Set Your Priorities Straight

“So, since Ukraine is nonetheless now gearing up, with American taxpayers’ money, to replace its weapons-supply that was used-up or destroyed in the war to-date, and also to build an immense new military graveyard for a planned 250,000 corpses of Ukrainian soldiers in the next and future rounds of invasions against the rebelling region in Ukraine’s (former) southeast, the IMF is basically quitting continued financing of that ethnic-cleansing campaign...

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Fighting for Survival - Where is the Right to Life?

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Who is more Fiscally Responsible – Citizens or Elected Politicians?

In the blog-series ‘Democratization – Put your Money where your Mouth is with LIG’ I briefly discussed an argument against direct democracy (placing authority directly in the hands of citizens rather than elected politicians) that dates from the time of Plato – the argument being that citizens would make ‘bad decisions’ and don’t possess the necessary intelligence, knowledge and skills required in political decision-making. I came across the following...

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Transcending False Dilemmas with Living Income Guaranteed – Part 5 - Kill or Be Killed

This post is a continuation to the blog-posts: Transcending False Dilemmas with Living Income Guaranteed – Part 1Transcending False Dilemmas with Living Income Guaranteed – Part 2 – Sustainability vs Full EmploymentTranscending False Dilemmas with Living Income Guaranteed – Part 3 – Tools of InterventionTranscending False Dilemmas with Living Income Guaranteed – Part 4 – Abundance of choice vs SustainabilityPlease read them first for context.  Example...

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Transcending False Dilemmas with Living Income Guaranteed – Part 4 – Abundance of choice vs Sustainability

This post is a continuation to the blog-posts: Transcending False Dilemmas with Living Income Guaranteed – Part 1 Transcending False Dilemmas with Living Income Guaranteed – Part 2 – Sustainability vs Full Employment Transcending False Dilemmas with Living Income Guaranteed – Part 3 – Tools of Intervention Please read them first for context. Example 4 ‘We’ve created a society with an abundance of choices and so freedom to choose. Producing...

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Transcending False Dilemmas with Living Income Guaranteed – Part 3 – Tools of Intervention

This post is a continuation to the blog-posts:Transcending False Dilemmas with Living Income Guaranteed – Part 1Transcending False Dilemmas with Living Income Guaranteed – Part 2 – Sustainability vs Full EmploymentPlease read them first for context. Example 2 ‘The government has two kinds of policy at its disposal to correct market failures: fiscal policy and monetary policy – not using these policies means letting the free market dictate...

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Transcending False Dilemmas with Living Income Guaranteed – Part 2 - Sustainability vs Full employment

In my previous blog, I discussed what false dilemmas are, how they are used in our everyday life, how easily we get swayed by false dilemmas and what the consequences are of their use. I also discussed how one is able to broaden one’s view of a situation, taking a step back so one has a more accurate view of the whole picture when faced with false dilemmas.  I gave 4 examples of false dilemmas dominating discussions on very real problems that...

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Transcending False Dilemmas with Living Income Guaranteed – Part 1

One of the ways in which we limit our ability to address problems and steer ourselves towards solutions without entering into an endless debate, is through our acceptance of false dilemmas at face value. What is a false dilemma? "A false dilemma arises when we allow ourselves to be convinced that we have to choose between two and only two mutually exclusive options, when that is untrue. Generally, when this rhetorical strategy is used, one...

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Common Concerns about the Implementation of a Living Income Guaranteed

The following is a Q&A discussion from the Living Income Guaranteed Facebook page. Do we have equal education, ambition, and iq? should the cashier and server make the same as the entrepreneur with more risk and skin in the game? If you want more pay, find a profession in high demand. Also, if positioning the government to raise minimum wage rates only creates a market distortion inducing hyperinflation, increasing the rate of automated points...

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