Economics
Usury is the practice of making money from loaning money out, through the charging of interest. It is a social evil, recognised, and banned, by the vast majority of cultures and social groups/religions throughout human history. Remember Jesus getting physically violent with the money changers in the temple, possibly the only time he is ever recorded as acting this way? It was because the money changers were becoming fat with wealth, while the majority of the population were locked into debt as their need to secure resources in an artificial social environment (cities) was being exploited by those fat cats who controlled the money. This is why the practice of usury is forbidden to those who follow Christianity and Islam.
Usury is a practice dating back to Babylon. It is believed to be part of a system which was created as a form of top-down social control – through controlling the stuff, currency, which facilitated an important aspect of human survival (gathering resources in a city environment). The basis of this scam is to, in effect, block human creativity, making humans rely on the creation(s) of someone else (which as this someone else creates, they fully control). You see, it is our God/Natural given right to create our own currency. This does not mean that we should all have printing presses though, because currency is created through a promise to pay (which is backed by the character of the person issuing the promise).
Say John needs his cart repaired ready to take his wheat crop into town to sell in a month or so, though has no money to pay for it. He goes to the local cart smith, whom he knows as they live in a small community, and gives Bob a ‘promise to pay’ (essentially a piece of paper saying that John agrees to give Bob an agreed amount of money at x time for services/goods provided by Bob to John). If John is of shady, untrustworthy, character then Bob may not accept a ‘promise to pay’ in exchange for services today – that is his right. So this system of ‘economics’ also doubled as a motivator for holding strong morals and the development of good social character. This, lateral, social character based, style could be described as the best form of economic system for humans because it has developed independently (in various forms) in the vast majority of cultures all around the planet.
Obviously we cannot go back to exactly the same practices that worked before, the nature of human society, and social interaction, has changed so much; and it would be too much of a step backwards. This being said, there is a simple way we could tinker with the current system, using the height of human knowledge and technology, so as to renew the spirit of social ownership of economics through lateralisation.
A universal living allowance, enough to cover the basic cost of shelter, food to eat, warmth/clothes, and energy, for every living being. We have the ability to make this happen – the only reason it doesn’t is the people who hold the perceived social power do not want it to happen (as the one thing they are afraid of most is losing their swindled social power to its real owners – us).
Who will fund this move forward? We will!
It is the sovereign right of every nation to create its own DEBT FREE currency. Our communities must use our right to create their own debt free currency, spending it into circulation through a universal living allowance. Wait, before you start worrying about the inflation caused by excessively pumping money into an economy – with a few small changes to how we operate our economy, the actual money needing to be created will be less than what is currently being created by the private banking cartels (and without the encumbering debt slavery to the money gang owners).
To end this section are included a few key areas of change, some credit control ideas, to facilitate our move forward toward a more lateralised, productive, fairer, economic system. We have much information to cover and so must keep things relatively short here, and as this work is but a spark from a small source, it is necessary for you to embrace, develop, and share these ideas to make them (or something similar, or something totally unique) a reality in our world.
As we have the sovereign right to create our own debt free currency, then we must seriously question our national debt. All debt to the IMF (which is basically a private criminal corporation used to leach money/access to resources from the nations of this world) should be returned in kind (they gave us nothing of value, just digits on a computer screen, we should return the gesture). Debt to other sovereign nations should be considered individually (considering what of value they actually gave us – was it real worth living humans created through their labour and invested with us? Or did they just create the money on a computer?).
Tie the maximum wage to a multiple of the lowest wage (for each corporation), say twelve (this includes bonuses). So the CEO of any corporation can only be paid a maximum of twelve times the pay of the lowest paid human giving their time, labour, and creativity to that corporation. If the company is making a large profit, only needing a small portion for re-investment/growth, and a bonus is due, then it should be paid to all in the same ratio, with the highest paid getting no more than twelve times the lowest.
Reduce, even eliminate, compliance costs in business (this high cost makes things difficult for local business and, coupled with interest on loans, makes wage rises and/or employing more team members extremely difficult for them).
Our economy is being drained by multi-national corporations who generate their wealth here, through our labour/consumption, and take their profits overseas. A high tax, say 50%, on money leaving the country would help retain wealth generated here (and help service the cost of developing an inclusive, sustainable, social system).
Loans (from banking/finance industry) available only for first home buyers and start up businesses. Living beings of the communities which make up our society, with their increased wealth, will want to invest in their local businesses if they like them or believe in their ideas/potential. With existing businesses being dependent on the investment power of the masses, rather than a small pool of corporations, we create an environment where the direction of society is less likely to be shaped by a small group of wealthy elite. Also, with lower compliance costs, it will be easier for businesses to save for developments/expansion.
The banking/finance industry must be made public (with all profits being fed back to the community). This is based on the realisation that money, our banking/finance industry, is a social tool (and as such must be owned by all who make up that society – rather than an elite few). Most logical transition would be through a social education programme about what economics really is (the study of the interactions between parts of a system, with focus on system sustainability/robustness), and what that practically means in modern human life, to develop an understanding of why local banking is best for our society. Would also help to have regulations so that local banks were more competitive. Ideally, logically, as a society we will eventually move away from the use of money/currency and instead employ scientific knowledge and technology to facilitate the production and distribution of resources.
Tax is theft – when money (as representation of energy expended in the real world) is taken from living human humans (corporations, being fictional entities, are fair game for tax). As such,
– Remove income tax on money used as compensation for the energy/work of living humans (personal income). Retain an income tax on the profits of corporations.
– Remove GST on all products living humans gather in the shops. Instead, place a GST tax on all goods imported/exported.
– In cases where natural resources owned by all are used, such as (but not limited to) oil, coal, other minerals, water (aquatic life), and air, a scale tax system will be used depending on the impact of the resource being used. Non-renewable resources are the property of all, and this should be reflected. If corporations are to be given the right to extract non-renewable resources, even process them, they will be paid fairly for their work, but the resources themselves always stay the property of all (with all profits, after paying the corporations for extraction, etc, going back to the government for social use). The corporate tax system is a perfect way of managing environmental and ecosystem destruction. With corporations use of renewable resources, water and air, flora and fauna, etc, being taxed in such a way as to maintain overall ecosystem sustainability (such as heavy polluting activities, or those that quickly deplete resources, or deplete them in such a way that there is a strain on the overall ecosystem, are taxed higher, and low impact activities are taxed lower). Interestingly, this corporate tax model will be in a relatively constant state of flux as human knowledge and technology changes – also with a participatory democracy system this model will enable another avenue for the majority to have real input in the direction of society).
– In continuation of the above theme, an additional tax will be needed on products demonstrated to be polluting, or excessively wasting resources. Petrol and petroleum products would have a higher tax on them than products sourced from renewable resources (consideration will need to be placed on renewable energy sources crafted out of non-renewable resources, such as metals used in batteries to store solar energy, and a scale of taxing applied accordingly). As in the above cases, the tax will be paid by the corporation making the product (which will presumably be passed on in cost to the retailer, and then the consumer – so at the end of the day the consumer is left with the choice; an actual choice when, through tax management, pollutant products are no more economically affordable than sustainable alternatives).
The whole reasoning behind these tax changes is to create an economic environment (insomuch as ‘economics’ is equated with purchasing power, money, as a major force shaping society) where social power is more naturally (due to the design of the system) spread throughout the majority than our current system. Coupled with social education so that all understand the changes taking place; human beings will no longer have to work to survive, we will choose to work to improve our own lives and our shared experience. No longer will humans be forced into jobs they don’t enjoy or believe are unnecessary/detrimental for society just to pay the bills – we will do the jobs we are competent for, that fit with the life we want to lead (and if we choose to evolve and grow we will do different things).
We need to recognise that human beings cannot own land, we just use it while we are here
Endnote for this section: it is fact that corporations are a social tool, especially banking/finance and government – i.e for the benefit of all, not just a tool for some to get rich through abusing others – what difference is there in the effect of using a corporation to steal the wealth generated by others and using a gun? At least with a gun it is obvious you are being stolen from. In other words – no longer will we let a small pool of corporations make billions of dollars off our labour and shared resources while most of us toil 40 hours a week just to have reasonable life (while still being locked in debt)!