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3.3. Economic affairs
Money and possessions are a way to do something, not an end in itself. To enable a pleasant coexistence in the world, economic conditions and measures at national and international level [UN/World] are necessary. Therefore, the entire economic system from familial/local to UN/World level will be recycled into a society where everyone has a right to a basic income, basic education and basic health-care,
3.3.1. Basic income
There will be worldwide a basic income introduced for the 7 milliard [billion] earthlings. This wil be payed from the, by UN/government to cash wealth tax [solidarity tax]. All this is based on the following calculations and principles:
A resident child until his 18th year at least € 25000, - required [av. ca. € 115,- pm x 18 yr].
- A single adult needs [on the basis of a rental-to-measure - see Live-able/Housing] a minimum of € 1000 x 12 = € 12000 pj. in order to live. This is starting his 18th year € 12000- x 82 years [100-18 yr] = € 984000 -+ € 25000 = € 1,009,000 basic Income for 1 lifetime of 100 yr.
€ 1,009,000 x 7 milliard [billion] = € 7,063,000,000,000,000 = 7 billion [quadrillion] per generation.
There are now approximately 10.9 million millionaires and billionaires ca 1225 with a combined capacity of € 427 billion. If 3.5 billion people in 100 years jointly 7 billion [quadrillion] in wealth taxes transfer to the UN/government, then 7 milliard [billion] of people are 100 years able to live of it.
3.3.2. Loans & investments
On loans by immediately no interest will be levied, only afterwards – when the loan has been payed back – an expense allowance based on incurred costs.
Loans may be reimbursed on the basis of financial strength by a minimum of € 1.00 per month. This applies to both individuals, organizations and governments. Although the conditions to lending will be relaxed, lending money out will be discouraged by this. It is after all just wait and see when and whether the money can ever be repaid. By doing so the "responsible make do with what you have" will be stimulated.
Fiscal incentives, tax deductions, tax credits and subsidies will by immediately be abolished. Instead, there will be a loan system without interest.
Financial investments in individuals, organizations and governments pose a risk to both parties. For the investor it means not only an economic risk, but also co-responsibility and participation in the implementation of the individual, organization or government and joint liability if things go wrong. For those who lends it means external influence and control over internal policies [risk for result grasshoppers]. Whoever invests runs to determine the risk throwing money and energy into a bottomless pit. Both the person who invests money as the one who borrows money are responsible for potential risks and consequences.
3.3.3. Wages and prices
Price increases will only take place on the basis of increase in value and additional costs.
Price reductions occur on the basis of decrease in value and less costs.
The doubling of the prices of products as a result of the introduction of the euro [eveything what previously was f 1, - has been become € 1, - ] wil be reversed.
Wages only will be increased on the basis of price indexation and work value.
Bonuses are abolished.
The highest salaries are not more than 10 times the basic income.
3.3.4. Taxation & Insurances
On a worldwide level [UN] there will be tax levied on fortune [solidarity tax]. The tax will be higher as the wealth increases. The rate fluctuates based on an estimate of the society needs, now and in the future.
Tax will be levied based on earthy issues. This refers to the concern to maintain the earth [recovering and preventing of soil pollution] and make it livable, restore natural areas and reorganise the care for the well-being and security of humans, animals and the environment. The tax will be higher as more work and costs are involved and will be levied on the basis of ability.
Tax will be levied on the basis of raw materials. The tax will be higher as raw materials require more processing to recycle environmentally friendly.
A basic care- and education tax will be introduced. This tax will be levied on the basis of ability. With that everyone will be free insured of all physical and mental care and education, which is required.
For unforeseen public spending, additional taxes will be levied, depending on the capacity. .
The wealth-, earthy issues-, healthcare-, education- and unforeseen taxes are collected directly by the government. The tax on raw materials are included in the price of products.
Due to introducing of a basic income all public and employee insurances will be cancelled.
The pension funding [the extra for old age] will be arranged by everyone personally.