The Theory of Economy

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by Viktor Person








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Living Income Guaranteed and the Rise of the Machine

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  • What is this machine?
  • What have we done with this machine?
  • How is this machine functioning in our current society?

Here let me give you a story…







What is the machine replacing but the human labor point?



You should watch the documentary






Equal Life Foundation Research Team


Living Income Guaranteed and the Rise of the Machine

Living Income and Minimum Wage

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One of the big concerns that people have is that “If everyone gets a living wage, who is going to do all the dirty work?” because nobody wants to do it. So, in a Living Income Guaranteed approach it’s going to be vital to change the ‘living wage’ or the Basic Minimum Wage and here it is suggested that it should be at least double the Living Income Guaranteed so that it is a motivation for people that would like to live a more extravagant or luxurious life to actually do the work – whether it is a janitor, a road worker, a gardener, a child-minder, whomsoever works – and thus does not depend on the Living Income Guaranteed, gets a minimum wage that is double the Living Income Guaranteed, that will ensure that there is motivation for people to do the labor and for those that would like to improve their lives, while the Living Income Guaranteed ensures that everybody has got enough to make a decent living.


The difference between the two would merely be a measure of luxury and therefore, businesses will have to consider that wage – which is obviously an input on production – must be equated within the price. And so, pricing will be based on ensuring that there are minimum wages and that people earn very good incomes. This will obviously increase again the amount of money that can be spent and so the economy will grow, the house market, the motor car markets… all the markets that are now in extreme trouble and where the trouble is increasing will all grow and life on Earth will be sustainable.


So, for you that are ready to approach these issues, look at how to implement it in your particular countries, translate these proposals into your language, do blogs about it and get involved in your political parties, see which ones are willing to embrace a Living Income Guaranteed and if they are not: start a political party, because the way forward is political.


Equal Life Foundation Research Team


Basic Income Guaranteed and Minimum Wage

Living Income and Nationalized Resources

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For the idea of Basic Income that is currently being proposed by various groups around the world to work, one needs to look at the whole point of resources within countries and the most effective way to bring about a source that will be able to provide the monetary resources for a Living Income for everyone – so that each one has got a basic level of dignity – would be to Nationalize all the Resources – whether it is mining or production within a country – to structure the products produced and the resources produced through a pricing structure that produces enough profit so that such money is specifically dedicated to pay a Living Income to everyone in the country.

This is how the shareholder becomes the citizen and therefore the citizen benefits from the shareholding and the Living Income becomes the way that the profit of the business is utilized to help everyone. Each one will be made aware of buying products from the very companies that are producing the income that will become the Living Income Guaranteed. In this way, the Living Income becomes possible, it is a form of socialism and it brings capitalism or the ownership principle of capitalism into a place where all citizens of the country become part of the basic capital, which is the basic resource that is then utilized for the benefit of all the citizens within the country.

This way the corporation = becomes government, the shareholder = the citizen, the profit = the Living Income Guaranteed and you have financially sustainable basic solution to create integrity and to bring about the end of poverty within a country. From that perspective one can then develop business structures of competition, but there are certain things that are not part of competition: the human should not compete with each other to the extent where poverty is caused or where people are driven to starvation, or where people do not have homes or food – that is not competition, that is brutality and is completely unacceptable.

So this whole idea that competition and market forces ‘will sort it out,’ the evidence is quite clear: it’s not going to happen. What needs to happen is a directive action politically by people to bring about economic change, nationalize the necessary resources, make the citizens the shareholders, pay them as shareholders a Living Income out of the profit, motivate them to buy from the products and the resources that are being nationalized because they are supporting their own business and that’s how we create a solution for Basic Income.

Some of the benefits of a Living Income Guaranteed through the way we propose would be that in essence it is a redistribution of money which allows an interesting thing to take place: more people having money to spend on the basic things that are required for a decent life, will cause actually some of the corporations to make more money. There’ll be more money in the money supply therefore there will be economic growth and consequently, employment will be created and so people will be able to step into better positions and the benefits of such a scenario would bring about a positive growth within the whole system.

Understand that without having the resources, the way to guarantee how one will get the money in the current system, a Basic Income is impossible and that the current limited resources due to the absolute controls of the corporations and the extremes of competition in terms of how that has limited the growth of the money supply and limited the amount of the people that can participate in the economy = that scenario is a problem and one needs to have a solution. The solution is that one expands capitalism through nationalization by making the citizens the shareholders and so, grow the economic benefit for everyone. This is specially in things like cellphone/telephone companies, electricity, water, all the things that are basic needs must be corporations that are run by government qualified people and the citizens/the shareholders, wherein the pricing must be such to generate enough profit to be able to pay a sustainable Living Income to everyone and within that, you’ll have a solution for the current problems and step-up eventually into a new system.

So let’s revisit: if one takes your basic resources like power, cellphones, telephones, water and one charges for them – because they’re required and consumed within a particular area or a country – according to a structure of profit to provide a Living Income Guaranteed from everyone to everybody, you have a stable income because you have a stable user and the user is able to pay and it is part of their basic way of existence. Mining and other type of natural resources are all in a similar position and they should belong to the citizens and no one else. From there we can bring equal dignity to all from birth to death – but for that, we require to provide a lot of education because currently the human beings do not challenge the elites that benefit from winning in this competition of capitalism.

Competition is good if one competes with yourself to bring about a better product, to bring about advancement for all = that is competition within the principle of common sense. Competition that leads to destruction, poverty, starvation and that drives people out of their homes and that creates extreme wealth for just a few = that’s not competition, that is brutality and abuse of all Human Rights in every way.

Study the Universal Human Rights, study the Human Rights by The Equal Life Foundation. It is time that we take this on politically and bring about a change in this world because the situation is not going to get better without us doing something about it.

Join and research solutions for the world. It is time for change.

Equal Life Foundation Research Team

Basic Income and Nationalized Resources