stephenstillwell
Jul 24, 2017 · 2 min read

Hi, if we’re calling it universal, it should at least be global…

..our society is global, and any scheme that only provides for some, fails to meet the requirements…

..like a pilot project, that can’t really prove much that we don’t already know

The main obstacle, as you note, being cost… if we can not find enough money to provide a basic income to the citizens of the wealthiest countries in the world… how will, the poorest countries provide one?

Is that even possible?.. note that to sustainably provide an income of $1,000/month, there will need to exist a corresponding $1,000,000 of capital returning a sustainable 1.25%… and currently in the world there is a small fraction of the capital required to provide even this minimal income to each

Since our global currencies are fiat backed though, based on the full faith and credit of the issuing authority, by simply agreeing, we may loan as much money into existence as we need, or as is convenient, to sustain a functional inclusive economic system

So a simple rule to provide global economic enfranchisement requires sovereign debt to be backed with Shares of standardized global fiat credit, that may be claimed by each adult human on the planet, for deposit in trust with their local deposit bank, exclusively for investment in secure sovereign debt, as part of an actual social contract…

..each adult human on the planet may then go to their bank, sign a social contract, and claim the limited right to loan $1,000,000 USD equivalent into existence, to be administrated in trust by local fiduciaries and actuaries…

…without cost, because only rights are being distributed, and the banking costs will be accounted for by the banks as a regular part of business

We may transcend the limitations of existing wealth, and the unreasonable control over open ended money creation, by simply recognizing each as an equal source of authority for money creation, and delivering the interest paid for the use of that authority directly to each

Do consider the notion, and how it accounts for significant flaws in single state welfare distribution schemes, like the fact that any government welfare distribution scheme may be changed or ended at any time by a new administration, where interrupting the flow of income to the individual trust accounts requires default by a sovereign entity, which will be mediated by the payments of all other sovereigns…

Thanks for your kind indulgence

    stephenstillwell

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    I want everyone to get paid