Re: Universal Basic Income
Posted: Wed Jul 24, 2019 3:40 pm
Steve, enjoyed your post. Not trying to nitpick, but I never said redistribution if that was what you were referring to. I said distribution, which is a basic mechanism of any monetary system and really has no political connotation, such as socialism. It just means that money is artificial, must be created, and therefore must be distributed arbitrarily at its inception. Much of monetary distribution today is done by federal reserve member banks when they implement fractional reserve banking: they distribute the money to themselves. There used to be a guy on here who knew this better than I do (not Teaser, the other one who posted rarely) and he would probably correct the details of my last sentence, but I think I have expressed the concept adequately.
King Leopold? What a perfectly relevant story. Emmet Till was buying gum. That's economics. Slavery was about cash crops of an agrarian aristocracy. That's economics. Perfectly relevant to debt slavery in a monetary system with digitized derivatives into the quadrillions. Let's focus on these examples.
Individual and familial accumulation of wealth so that families and communities can be financially independent enough to be immune from the political persecution that is rampant today against people who expresses views contrary to establishment orthodoxy. In other words, enough wealth from moral sources so that if you don't agree with your multinational corporation, you can change jobs without losing your house and the health care for your children.
King Leopold? What a perfectly relevant story. Emmet Till was buying gum. That's economics. Slavery was about cash crops of an agrarian aristocracy. That's economics. Perfectly relevant to debt slavery in a monetary system with digitized derivatives into the quadrillions. Let's focus on these examples.
So, what do we want?
Individual and familial accumulation of wealth so that families and communities can be financially independent enough to be immune from the political persecution that is rampant today against people who expresses views contrary to establishment orthodoxy. In other words, enough wealth from moral sources so that if you don't agree with your multinational corporation, you can change jobs without losing your house and the health care for your children.