Funding UBI

We distinguish between the currently popularised UBI financed by tax and debt, and a citizens’ dividend which distributes wealth created by citizens.

In contrast to welfare, the dividend does not discourage work, but rather enables initiative, entrepreneurship, and career choices.

We show the monetary accounting so that citizens receive a dividend at the rate of growth of the economy and monetary supply.

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Financing a mill

Once upon a time an entrepreneur envisaged a watermill in a village with all the resources and skills to construct one. The mill’s construction drew on forests and quarries for raw materials, and on carpenters and masons for skills, stimulating demand and thus economic activity. Once the mill was completed, the village could reduce costs ofContinue reading “Financing a mill”

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