How is Universal Basic Income (UBI) Paid?

Implementing Universal Basic Income (UBI) is a significant challenge, but several models and strategies have been proposed to make it feasible. Here, we explore potential funding mechanisms and their implications for the economy.

Traditional Funding Models

The financial underpinnings of UBI come from various sources, each with its own advantages and potential for large-scale implementation. Let's outline some of the most promising avenues:

1. Removing Lower Income Tax Brackets

One of the more straightforward methods involves removing the lowest income tax brackets. Under this model, individuals would start paying taxes on their first dollar earned, which would be partially redirected towards funding UBI. This approach could simplify the tax code and potentially increase overall tax revenues due to higher reported income across the board.

2. Redirecting Welfare Programs

Moving a significant portion of current welfare spending into a UBI system could greatly enhance the efficiency and reach of social support. However, certain welfare programs, such as those designed for the disabled, would need to be preserved to ensure the individual needs are met.

3. Carbon and Environmental Taxes

Redirecting funds from carbon and other essential environmental taxes into UBI could address both climate change and economic insecurity simultaneously. This approach not only raises revenue but also incentivizes environmentally friendly behaviors.

4. Reducing Military Expenditure

A qualitative reduction in military spending, such as a 50% cut, could free up substantial resources for more pressing social needs. The strategic benefits of a reduced but maintained military presence should be considered, as it might improve NATO's balance and overall security.

Central Bank Contribution and Mutual Funds

An innovative and scalable approach is through the use of central banks and mutual funds. Here, UBI payments could be financed by the central banks' initiatives, with a portion of the funds generated through a massive mutual fund investment.

The following detailed explanation leverages central banks and a mutual fund to minimize government debt and maximize long-term economic stability:

Full Explanation

Universal Basic Real Value (UBRV) is an approach to measure the intrinsic value of every living organism using blockchain technology. UBV is akin to a universal baseline that ensures all life has access to essential resources. By distributing UBV directly to individuals, we can create a system free from artificial wealth inequality.

Current economic systems often rely on creating artificial value and inequality to benefit the few at the expense of the many. I term this the 'tyranny of the minority,' where fake value or wealth is manufactured to manipulate access to real, sustainable resources. Real value, in its purest form, is nature itself, as it is the foundation of all life.

Historically, real value inequality among organisms has been mitigated through evolution. To address this, failed economic systems must be replaced by a real value, real-time value system aligned with nature.

Restoring, repairing, and expanding nature must be the primary focus to ensure the sustainability of real value on our planet. Wealth, in this context, is a form of financial lien on real life-supporting value, created and exacerbated by current economic and political systems.

Jobs, echoing the modern financial slavery, are a means for individuals to fulfill economic obligations in exchange for fake value wages that often are insufficient to access real value resources.

To finance UBI, we can consider the following innovative approaches:

1. Central Bank Involvement

Central banks can play a pivotal role by supporting the issuance of UBI through quantitative easing and other monetary policy measures. This can provide a stable funding mechanism without depleting government coffers or increasing debt.

2. Mutual Fund Investment

A massive mutual fund can generate returns that are directed towards UBI payments. These funds can be invested in a diversified portfolio, ensuring long-term sustainability and economic growth.

By leveraging these methods, we can create a more equitable and stable society, where everyone has access to basic resources essential for a fulfilling life. This approach not only addresses immediate financial needs but also paves the way for a more sustainable and just economic system.