Life Guide Club

A free basic income

A free basic income to all people worldwide has the following benefits:
• Elimination of poverty, resulting in no more existential fears;
• Elimination of survival crimes, people are no longer forced into criminality, therefore there will be more security on the street and at home;
• Elimination of illnesses caused by poverty, which are even more disastrous when health care isn't affordable;
• Elimination of lowest wages, people aren't forced anymore to do any job for any wage;
• To halt the over-populating, children aren't needed anymore for life insurance;
• At the same amount worldwide: Elimination of economic refugees, wherever you live you receive the same basic income;
If we want a secure world without poverty a free basic income is essential. And it is very important that it is the same amount worldwide.

Why the government cannot pay a basic income
Some governments do provide low social security payments, but are financed by a high tax burden or debt.
If a government was to provide a free basic income, it would have to be financed through the taxation, or get into more debts which would never be able to be repaid, resulting in bankruptcy or hyperinflation.
To reinterate this means that no government can afford to pay a sufficient free basic income long-term.
Based on the current financial, economic and social systems, a basic income is not possible, any attempt is urged to fail after a short time or will lead to bankruptcy in the long-term.

Crypto-currencies are not a solution.
Bitcoin, and those like it can be implemented by mining, which does require a lot of real resources.
A self-enrichment by its founders is usual.
There are many snowball systems: meaning limited creation, and the rising demand to inflate the prices. Again and again, a bubble will form and burst one day!
Exchange traded cypto-currencies are part of the financial casino. When we want to get rid of the old systems we must not participate at the financial casino.
Anonymous transactions can be used for criminal activities.
They are not linked to a tax system, governments may fight or prohibit them.

A basic income worldwide can just be established by an alternative system for the benefit of the people.
When debt and loans are not needed anymore then the present exploitative enslaving system will be unnecessary.