……That is extended to all businesses, not just retail. Offering to pay their overheads and profits down to the point of eliminating all costs over and above original financial costs. They are also relieved of the necessity to pay any welfare, unemployment, pension and eventually even social security taxes by the universal dividend and thus can increase their net profits accordingly. In exchange for additional profits coming to them from the elimination of those costs they agree to discount their prices to the businesses next in line toward retail, and also not to raise their prices for any reasons other than absolute necessities. The discounts are awarded/rebated back throughout the entire productive process.

A truly public central bank could issue all new credit whether it be governmental, productive or consumer at 0% being careful that credit was not issued without a rigorously researched business plan, was for a worthwhile public pursuit of government (infrastructure, Defense) that was also voted for via referendum first and in the case of consumer credit that the individual was securely creditable. Reasonable regulation of consumer borrowing. like an upper limit of 10-15% of one’s average monthly dividend in additional debt service, could also be made a part of the system.

The dividend would eliminate any scarcity of individual income, insure a satisfactorily middle class lifestyle whether employed or not and a truly abundant one if employed. The discount at retail sale to an individual could catch any additional or incidental costs at the very end of the productive process. Banking would truly become a public utility. Private Investment banks could utilize savings and profits, and be regulated to pursue only ethical pursuits that edified, worked toward producing more with less actual resource usage and looked to pursue goals that integrated both profit and the common good from a future oriented perspective, and we could all progress toward making the economy and the money a still profitable yet naturalized ticket for the distribution of production instead of a mad, insensitive, rigged, frenetic and self destructive pursuit of power, profit and control.

Finance has always been a problematic business model as David Graeber has shown. Saturating the entire economy with overt gracious giving and giving back and forth between parties within it can both make the economy truly efficient and reflective of its abundance at the same time.