Good attempt at integrating the BIG and JG perspectives. Personally I’m not that concerned about any “problems” associated with a universal dividend. 90% of us find purpose even under the present austerity and I suspect that even more would find the same under the relative prosperity available with it. Even so I think the best way to prepare us for a post scarcity economy would be to re-define the concept of full time work into 20 hr/wk of employment 20 hr/wk of volunteerism and/or self determined positive, constructive purpose plus a $1500/mo. dividend to everyone 18 and older. This would keep the labor market robust even with the virtual certainty that innovation and AI will destroy employment at a rate 20-30 times faster than it ever has before, allays any authoritarian fears that “everyone will become lazy” and also costlessly injects needed demand directly into the hands of individuals so that the economy will flow freely….like general equilibrium theorists dream it does. Of course if one wanted to work 40 or 60 hrs/wk and their employer wanted to retain them that would be fine and they wouldn’t have to do any volunteering while still receiving their dividend, and of course someone who just wanted to take care of their family would also still receive their dividend. Purpose trumps employment after all.

Actually we’ll want to implement another macro-economic policy strategically placed at retail sale where merchants would give say a 40% discount to consumers and then all of the merchants’ discounts would be rebated back to them by a monetary authority mandated to specifically do that. This would not only prevent any price inflation, but actually integrate price deflation harmlessly and profitably into profit making systems.

Of course the present monetary and financial authorities would resist this, but if we are smart we’d start a grass roots movement to communicate how the above two policies are in the interests of the small to medium sized business owner as it would insure a steady stream of additional demand for their products/services and enable them to sell them at 40% less than their best competitive price….while getting that full price. It’s what I call the new Steve/Powell Memo.

As David Graeber has shown us finance has been the problematic business model for at least the last 5000 years. I’m not interested in destroying finance, only de-throning and de-toothing it so it can take its correct and smaller place along side every other business model.

In order to de-hypnotize themselves and the general populace from the dominating monetary paradigms of debt and loan ONLY economists need to integrate monetary gifting into the debt based system.

wisdomicsblog.com

Couched in The Cosmic Code that would be: [ (Employment x Profit)  <–>  Purpose ]

Today I got posts in my email by both Billy Mitchell and Mish Shedlock regarding basic income guarantee. This post is an attempt to answer their reactions to it and the alternatives they propose or do not propose.

All personal income over $50,000,000/yr. and all corporate profit over $500,000,000/yr. would be taxed at a rate of 90%, all funds going into research about how to produce more with less resource usage, research into alternative energy production especially solar and planetary electrical, research into ways to make use of public infrastructure and resources more practical and individually palatable and research into mental strategies and techniques to promote increasing love and self awareness in the midst of life and living and also into how to prevent and correct human obsessiveness.

In other words the wisdom of process, flow, free flowingness.

Calibration in current economic models orthodox and heterodox require a new philosophy in order to transcend….calibration itself. It’s not that calibration is inappropriate it’s just that in order to find the holy grail of economic theory, equilibrium, one has to enable its attainment first with policies based on a philosophy that looks directly at the real problematic forces and institutions in the economy and deals with them wisely. Crunching numbers is fine. Crunching numbers without first/also considering wisdom handed down to us from millenia past applied to economic theory is an invitation to stumble around in the darkness of incremental reform, or as we have seen since Keynes, theoretical regression. Numerous economists have called for a new economic philosophy….and then went right back to crunching the numbers. If we would instead first/also contemplate wisdom and its pinnacle philosophical concept grace we’d realize that policies thoroughgoingly based on this concept…are the very remedies all of the calibrations are seeking. We’d also see that in order to have a free and free flowing economy….you’d have to enable freedom and free flowingness first. Economists are on to this as they have recently begun to consider things like “a modern debt jubilee” and “basic income guarantee” both of which are reflective of aspects of the very concept upon which Social Credit/Wisdomics-Gracenomics is based, but they require further examination and relevant application to economics, as well as an additional policy that recognizes true equilibrium in economics is a dynamic ratio, and finally the realization that the philosophical concept of trinity-unity-oneness-process applied to economic policy is the best/wisest way to keep that dynamic ratio from degenerating into an ossified orthodoxy and regressing as we’ve seen happen to economic theory since Keynes made an incremental/incomplete philosophical step in the right direction.

Find and contemplate the concept that is all about freedom and ascension both mentally and temporally, as well as individual and systemic economic abundance, balance, equilibrium, free flowingness and process (all of which are classical and relevant economic concepts) and then apply policies aligned with them…..and economically and theoretically you’ll be home.

― Benjamin Franklin

Apply Social Credit-Wisdomics’ dual abundant policies to health care. In other words give the individual policy holder say a $250/mo. stipend payable only for healthcare coverage and enlist health insurance and pharmaceutical providers in a retail discount program with a 40+% discount. You’d also undoubtedly need to intensely monitor any possible monopoly collusion between providers, encourage new start up providers and also implement government research (governed also by Social Credit-Wisdomics philosophy) into medical and pharmaceutical innovation as these are ways for these industries to inflate their prices and profits.

Health and pharmaceutical corporations would find this opportunity to sell their products and services at a 40+% discount and yet get their full best competitive price irresistible and necessary in view of competition and the encouragement of new start ups.

This would also be an excellent time to begin my concept of Operation Wisdom and Grace to the rest of the business community as it shows the way to integrate grace into the economic system for the greater benefit of the individual, the greater profit of enterprise and the de-throning and ethical re-integration of the business model of finance…..all in one fell swoop.

Start, Change and Stop

Birth, Life and Death

Body, Mind and Spirit

+ charge, – charge and electricity

Fibonacci sequence 3, 5, 8

Hegelian Dialectic  Thesis, Antithesis, Synthesis (also the process of wisdom)

Anatomy of the State of Grace   Space, Time and Self Awareness

Trunk, Branches and Roots

The two symmetrical sides of a leaf and the stem from which they arose

Time      A moment, a flow of moments and a conscious viewpoint perceiving them

History is full of examples of dominating powers being overthrown, but probably only a hand full of times when dominating ideas/generally held ideas/paradigms have changed. In these cases the dominant idea doesn’t disappear it simply gets integrated with a new and balancing idea that itself transforms the former dominating idea in the area in which it was applied. And by the way the balancing and transforming concept applied at each of these rare moments has always been grace or an aspect of it relevantly applied to the dominating force or situation existing.

Don’t ever let anyone tell you that transformation doesn’t occur. It does. It just takes an awakening to the concept that enables and creates it.