Reform Banking practice.
Why is it that when the bank creates a loan in the bank ledger, there is no procedure created to compensate to that same bank ledger a failure in repayments due to unforeseen conditions (business failure + no real waged work hence no return of taxes) and grant themselves in the ledger a shadow entry that may act as a repayment when all else fails?
Surely this practice makes better sense then the practice of insisting that the unrecoverable amount should be squeezed from the incomes of business and the people who support business (if they are not strangled by increasing austerity emanating from conditional lending requirements.)
It is a scandalous bank practice where the bank insists that an unpaid debt is a proper loss to a bank if it cannot be paid back by the original debtor (usually commercial) should be paid back by the taxpayers/populace through restriction of their available income, or the cessation of essential services and makes no sense at all.
If debt is created out of thin air at the bank ledger keyboard as it is! then what is it exactly that they have lost? and by what right do they hold us accountable for their own debts that enjoy no previous existence as money before they were issued. The whole fiasco needs a radical overhaul..
WE, the populace must act now to tell governments and private bankers that we don’t agree to being held responsible for bankers loan decisions. “Your loan, not ours!”
Basic guaranteed income
It is now obvious as we step further in to the 21st century and witness the disappearance of waged labour that we do not have enough real waged work to support our populace. There are plenty of non jobs, by that I mean jobs that don’t need to be done, low waged and zero hour contracts, but very little sign in almost every country now of emerging real waged work.
We propose that a basic guaranteed income should be determined using an algorithmically connected procedure that ensures that not only do people have an acceptable lifestyle. This would also ensure that vital businesses that provide the food, clothing, heating, hospitals. education, health and places to live do not suffer unprecedented collapse because current government and banking practice will not allow for any funds that are not born of debt.
We see very little difference in the creation of inflation between issuing debt that can never be paid off, and issuing actual basic income in a controlled manner. The degree to which this system becomes active being directly influenced by how many unemployed persons there are.
Of course, there are milestones to be overcome, many of which have not even been thought of which is why this is the formation party that entirely depends on crowd sourced intelligence for the implementation of the ideals we collectively hold as a forward thinking party.
Algorithmically connected procedure
This system would calculate the level of taxes that need to be applied to the various elements of the economy in order to moderate inflation. All incomes and outgoings would be included in the mathematical construction that has yet to be formed but would be operating much more closely with the real economy than is currently practised, providing very early warning systems so that government could take its rightful place as the balancer of the economical forces from outside the countries control.
This is a major undertaking as you might imagine, and we are asking for help from any who feel able to cast light on how such an invaluable economic tool might be constructed and what statistics might be necessary to collect above and beyond what is already done conventionally.
BUT why would people work at all, if they are not forced to?
Most people I believe would prefer to be involved in actively achieving something, whether this is by way of noble acts where prestige is won from their peers or from studying. There is still some available waged work to enhance the basic guaranteed income, however waged income globally is decreasing rapidly.
We believe that the introduction of a basic guaranteed income is an essential ingredient in the 21st century where bots and automation are replacing the need for most simple, and even complex waged work. The task we face is to do so without creating more debt, and without any further burden to the taxpayer, with a minimum of created inflation.