The Brexit Team: Swiss Watch or Contraption?

by John Brian Shannon | Reposted from LettertoBritain.com

One of the most credible economic stewards to serve Britain in a long time is the inscrutable Philip Hammond who has done nothing but improve the UK economy since the day he was sworn in to the post. Which was merely an extension of him having been born for the job, it seems.

It’s not only that; Mr. Hammond’s word carries a lot of weight in foreign capitals, and in the EU his word is his bond. Soft-spoken, adroit and adept, Hammond is one of the darlings of financial capitals everywhere and it’s a great thing to see him in his element.

So began Prime Minister Theresa May’s summer vacation, where she and her husband (also named Philip) went off to Switzerland to take the mountain air and hold long and meaningful conversations at full stride up the Matterhorn.

Leaving the country in the capable hands of Philip Hammond must be a comforting thought for Theresa May as she and hubby blow past the tourists struggling to get to the top for a selfie. My advice: Just get out of their way or you’ll get run over. Seriously.


The Exchequer comments on post-Brexit Immigration

However wonderful it is having a powerful Exchequer, there is the temptation for them to overstep their bounds and cross over into the areas of responsibility reserved for the Prime Minister.

And just as predictably as that; Before Theresa May had gotten her first alpine air, Hammond told reporters, “there should be no immediate changes to immigration or trading rules when Britain leaves the EU in March 2019.” (Sky News)

It’s forgivable, and probably wise for Conservatives to be seen voicing the concerns of voters on both sides of Brexit. However, Exchequers should stick to their primary interest (the economy!) and let others, whose direct responsibility it is, to hold forth on immigration issues.


With Theresa away, the Remainers will play

While Theresa May gets some mountain air, the Remainers in the Prime Minister’s cabinet are clearing the air by presenting their side of Brexit — and that’s fine. But let’s make certain that fair play rules are enforced; Which means that cabinet officers publicly comment only on their primary area of responsibility. Only the Prime Minister has the authority to publicly comment on all matters, otherwise it looks like a circus.

Every misstep is celebrated in foreign capitals. People in the EU who may be opposed to Brexit are incredibly strengthened by each implied criticism directed towards the Prime Minister by members of her cabinet.

The entire period of Brexit is a highly unique time, a time where all Britons must pull together and come to the realization that many in the EU are fighting for a ‘Win-Lose’ outcome, an outcome where Britain loses vis-à-vis the European Union.

Meanwhile, the best of the Brexiters are fighting for a ‘Win-Win’ outcome where both Britain and the EU win. And those are the people I’m putting my money on.


Clear Lines + Clear Thinking = Positive Results

There’s nothing wrong with MP’s on both sides of Brexit informing the public about how they would proceed on any matter — as a sort of trial balloon to gauge public mood. That can be useful moving forward by keeping those who voted Remain interested and engaged with Brexit, and there is every opportunity that Remainers may come up with excellent ideas related to soft Brexit implementation within their field of expertise.

But greater care must be taken to avoid strengthening the hand of anti-Brexit forces in the EU, now that Britain has finally! asserted her rights.

Government ministers must draw the distinction between legitimate discussions about how Remainers (read: Soft Brexiters) or vocal Brexiters (read: Hard Brexiters) would handle any Brexit issue — and how the wrong sort of discussions or even the wrong tone of discussions could work against Britain in foreign capitals. The wrong public discourse works against both versions of Brexit.

Let’s not be naive. Each misstep by anyone in the UK government is celebrated at the EU Parliament and certain EU capitals. Whatever is going on behind the scenes within the UK government, a unified face must be presented to the world in order to obtain the best Brexit result.


Controlling the Narrative: Job #1 for Every Prime Minister

UK government ministers, and possibly even the Prime Minister herself may not yet realize the extent to which the world now sees the United Kingdom as a completely different entity. The UK no longer exists as only one of 28 EU members, and what the UK will eventually become, is unfolding every day like an onion being unpeeled.

Is the UK destined to become a nation of cross-talkers, mixed messages and unreliable partners? Or is Britain starting with a clean sheet to become all that she can and should become in the 21st-century?

Only the Prime Minister knows, as she’s the one holding the pen. Let’s see what script she writes.


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Why can’t we have a level energy subsidy playing field?

by John Brian Shannon |  Reposted from JBS News

All I’m asking for is that renewable energy gets the same subsidies as fossil fuels or nuclear energy. Is that so unreasonable?

You can determine the subsidy costing by any method you choose using a per unit of energy formula — per Barrel of Oil equivalent (BOe) or per kW/h, or any other unit of energy formula you want.

North America’s energy security (similar could be said for Europe, Asia and Australia) is better served by LETTING THE MARKET CHOOSE what’s best for the continent and that can only happen when all energy producers play on the same subsidy playing field. (The cream will rise to the top)

Renewable Energy adds to national security, while Conventional Energy leaves industrialized nations vulnerable

North America’s (for example) biggest national security vulnerability (aside from bio-warfare) comes from literally hundreds of thousands of miles of electrical transmission corridors (pylons and power lines) and pipelines that crisscross the continent.

Every Pentagon General, along with every military rank down to Corporal knows it would be boringly easy for even the most inept enemy of the United States and Canada (both national grids are interconnected) to destroy the North American grid with as little as three well-placed air-to-ground missiles, or alternatively, three truck bombs. Those interconnect sites are unbelievably unprotected.

If that were to happen in mid-winter, millions of North Americans would die, and that’s indisputable.

That it hasn’t happened, proves to me that North America doesn’t have any ‘real’ enemies or it would have occurred a long time ago. (Yes, the U.S. and Canada are ‘irritated’ at some countries and some countries are ‘irritated’ at us — but by virtue of the fact that *they haven’t hit us where we’re most vulnerable* proves they aren’t real enemies, they’re only ‘irritants’)

Centralized Power vs. Decentralized Power

Conventional grid adherents are living in a previous century — a central grid WAS the best thing for North America in the 20th-century — but those days are long gone!

Fossil fuel supporters should stop helping our enemies, which they do by supporting a conventional national grid that even the U.S. military 3X over couldn’t protect!

Decentralized power is the ONLY choice for an energy-secure America!

Make better investment returns on Renewable Energy by leveling the subsidy playing field

I understand that many people are heavily invested in fossil fuels and nuclear power — and I don’t blame them, they were safe and secure investments for decades, but such industries now run counter to the national interest — good investment returns aside!

And yes, the ONLY reason you have those high returns is that those industries are heavily-subsidized by U.S. and Canadian taxpayers; Oil & Gas get $80 billion per year in the U.S. and about $10 billion annually in Canada, nuclear a bit less — but nobody really knows for sure, not even the governments — because it’s all mashed together with nuclear fuel production, long-term ‘spent fuel’ storage, nuclear warhead production and nuclear warhead disposal. (I suspect a similar situation in Europe)

Normal citizens can’t see this because those white elephants are obscured by mountains of cash!

Efficient investment vs. Inefficient investment

Energy companies have become like the Big 3 during the 1960’s and 1970’s, big, powerful, lazy, and wholly unwilling to adapt to changing market conditions.

Remember when 95% of cars registered in the U.S.A. were domestic built and sold? Well, due to the laziness of the Big 3, nowadays less than 35% of new car registrations are North American makes, and more than half of the parts are supplied by Asia or Mexico!

You call that progress???

It’s killing North America!

Renewable Energy creates more jobs than Conventional Energy (even using fossil fuel industry stats!)

Millions of people unemployed in North America because the 1% wanted higher investment returns on their energy stocks! UN-AMERICAN in the extreme!

Energy companies and their investors MUST become patriotic by becoming ‘fleet of foot’ and able to adapt to the already changed national security paradigm — and become ‘ENERGY COMPANIES’ instead of (only) Oil & Gas or (only) nuclear or (only) coal companies.

Profit is a great thing! Energy companies should make plenty of profit because energy is an ultra-important factor in the 21st-century. However, uneven energy subsidies are not a great thing.

Putting a square peg in a square hole, not a square peg in a round hole

When we train soldiers, we don’t try to put a square peg in a round hole — we choose those people based on their merit.

(The best snipers become our snipers, the best tank captains become our tank captains, and the best fighter pilots don’t peel potatoes aboard our warships!) Rather obvious when you think about it, isn’t it?

By the same token, if electricity companies were to embrace ALL energy (they don’t do that now because some energy is highly subsidized and some isn’t) they could then have the option to put a round peg in a round hole and a square peg in a square hole. As it should be!

I must add that gas-fired power generation is increasingly important towards meeting demand — moreso as renewable energy comes on stream. Natural gas burns one million times cleaner than brown coal (lignite) and up to ten-thousand times cleaner than the best black coal (anthracite) and gas power plants can be just as local to demand centres as required — quite unlike hydro-power dams and coal-fired power plants, and even nuclear power plants which usually aren’t welcome near city centres.

READ: Full cost accounting for the life-cycle of coal (Harvard Medicine)

Again, by setting an even subsidy playing field, THE MARKET will choose which kind of power to use in what location — and don’t worry — your precious investment returns will be just as high as they are now. Maybe higher!

As for U.S. jobs, solar produces more jobs than all other producers put together — and rising exponentially!

Renewable energy vs. 'green bullets'
More workers in solar than in all fossil fuel power generation combined (U.S.A.) — Statista

Summary

By setting a level subsidy playing field, the cream will rise to the top, and the market will choose which peg to put in which demand hole — nothing could be more efficient!

And in that case, renewable energy will win hands down!

National security will become greatly enhanced as industrialized nations will no longer be dangling from a thread via the hundreds of thousands of miles of pylons and power lines that will no longer be required, as renewable energy is local energy, while conventional energy must carry electricity many thousands of miles.

Stop choosing profits over national security!

Stop arguing against national security, stop arguing against a free market, and stop arguing that you can’t make the same or better profits via renewable energy. It’s intellectually dishonest.

And for those who want to send me ‘green bullets’ — bring it!


Related Articles:

  • Trump’s Quixotic Energy Policy (Project Syndicate)
  • On the economics of wind and solar power (The Beam)
  • Mr Trump: Tear down those energy subsidies! (kleef.asia)
  • Energy Darwinism: The Case for a Level Playing Field (JBS News)

This Week in Brexit: The Conservatives weak negotiating hand

by John Brian ShannonReposted from LetterToBritain.com

This Week in Brexit

One of the reasons that I’m a Theresa May fan is that she took a highly principled position by calling an election prior to Brexit, presumably to further legitimize her premiership with voters and thereby gain a stronger negotiating hand heading into Brexit negotiations.

Prior to becoming Prime Minister, Theresa May had been an MP for 20 years and served as Home Secretary for 6 years — and only then was she named to the post of Prime Minister by the Conservative Party when former PM David Cameron stepped down. Which is to say, Theresa May is as legitimate as any UK Prime Minister ever appointed (but not elected to) the PM’s chair.

Nevertheless, at the most important political moment in since the end of WWII, Theresa May decided to further legitimize her premiership by calling a snap election and (hopefully) cause her party to rally ’round her in time for the upcoming Brexit negotiations. Thereby empowering Britain in its dealings with the European Union.

By any definition it was an admirable plan.


It Worked! (Somewhat)

Except for the Conservative MP’s that didn’t campaign hard for her and were only interested in maintaining their position as a Member of Parliament, and excepting the millions of former UKIP voters — only some of them supported the Conservatives on election day.

All in all, a surprising result.

Perhaps three terrorist incidents in the UK within 90 days of the election changed the mood of the electorate, or maybe when confronted with an actual Brexit complete with veiled threats emanating from some EU capitals it’s possible some British voters felt cowed into lowering their Brexit expectations.

If so, that would be a shameful indictment on the British people, the people who succeeded admirably even after suffering horribly in two world wars and are a people who carry-on through all manner of terror attacks, other social upheavals, recessions, and Britain’s famously inclement weather.


Now with a ‘weaker hand’ Theresa May must pull-off a reasonable Brexit

How to do more, with less? That’s the job facing Prime Minister Theresa May over the next five years.

It’s an unenviable position for a longstanding British MP (20 years) with 6 years as Home Secretary to her credit and 1 year as Prime Minister of the United Kingdom, who deserved better from her party and from voters.

At least 42.4% of UK voters agree with Theresa May (see BBC election chart here) which was a gain of 5.5% for the Conservatives since the last election when David Cameron became Prime Minister. The business community likes the progress on the economy, and she is highly regarded by foreign leaders.

She deserves better than she’s gotten.


Methinks there are strings being pulled in places that we know not…

But just for the record, let’s look at a July 17 poll result from an internationally recognized polling firm.

One year on from the Brexit vote and business sentiment remains high
One year on from the Brexit vote and business sentiment remains high

One year on from the Brexit vote and business sentiment remains high (Says it all, doesn’t it?) Click image to enlarge.


Another chart for the doubters

One thing that Britons have every right to be proud of is the National Healthcare Service (NHS) and in recent years it has begun to score well in the prestigious Commonwealth Fund rankings. In fact, the 2017 ranking puts the NHS in 1st place over 10 other wealthy nation healthcare systems. But you’d never think it because (according to some) the NHS is falling apart at the seams.

Just as former PM David Cameron was rightfully proud of the 2013 Commonwealth Fund ranking (1st place) so Prime Minister Theresa May should feel proud of the 2017 NHS ranking (1st place) even as some of the countries named in the study improved on their 2013 rankings.

UK and 10 other countries, Health Care System Performance Rankings
UK and 10 other countries, Health Care System Performance Rankings

UK and 10 other countries, Health Care System Performance Rankings, courtesy of the Commonwealth Fund (2017) Click image to enlarge.

For comparison purposes, I’ve included the 2013 Commonwealth Fund ranking graphic below.

UK tag, The Commonwealth Fund 2013 International Health Policy Survey in Eleven Countries, courtesy of the Commonwealth Fund (2013)
The Commonwealth Fund 2013 International Health Policy Survey in Eleven Countries, courtesy of the Commonwealth Fund (2013)

The Commonwealth Fund 2013 International Health Policy Survey in Eleven Countries, courtesy of the Commonwealth Fund (2013) Click image to enlarge.


One more chart that uses actual facts to combat negative perceptions — shows how well the UK is faring

This chart shows GDP in Purchasing Power Parity (PPP) which illustrates that purchasing power of both UK citizens and expats is increasing — even though (according to some) the sky is falling every day!

UK GDP per capita Purchasing Power Parity PPP
UK GDP per capita Purchasing Power Parity PPP

UK GDP per capita Purchasing Power Parity PPP. Source: tradingeconomics.com Click image to enlarge.

With all of that going for the UK in 2017 (and more positives that I haven’t included because I don’t want to drown you in charts) you’d think that Prime Minister Theresa May would get plenty of respect from her party, from certain media outlets and from voters.

But apparently in the United Kingdom, almost-perfect scores aren’t good enough to get the Prime Minister the majority she needed to allow the country to cruise through Brexit. And that’s a shame.

This Week in Brexit: Trump Promises a Trade Deal

by John Brian Shannon | Reposted from LetterToBritain.com

This Week in Brexit

On the sidelines of the G20 Hamburg summit, U.S. President Trump found time to meet with UK Prime Minister May and to offer welcome words that the United States will sign a bilateral trade deal with the UK as soon as Brexit is complete.

It’s very good news for the UK and also for PM Theresa May (who has had a rough time in domestic politics of late) and it was obvious that the U.S. president went out of his way to assure Ms. May that a reciprocal trade agreement — one that works for both America and for Britain — is one of his administration priorities.

So much of the UK’s post-Brexit success will hinge on bilateral trade accords because no matter how good the final Brexit agreement, there will be some amount of economic adjustment for Britain in the months following Brexit. A quick trade agreement with the United States will not only ease the Brexit transition, but also  improve the UK (and America’s) economy indefinitely.

It was a classy thing for Mr. Trump to do for Theresa May knowing that her domestic political fortunes have taken a hit. Let’s hope the Prime Minister is able to return the favour at some point during the Trump administration. That sort of respect makes for strong allies.

During WWI, but especially during WWII the relationship between America and Britain was raised to a very high level by Prime Minister Winston Churchill and President Harry S. Truman, and in the postwar era during a time of unprecedented economic growth, President Ike Eisenhower continued the wise course set by his predecessor.

However, it could’ve so easily gone the other way if the leaders hadn’t gotten along.

Both sides would’ve missed geopolitical opportunities of huge importance such as the formation of NATO, the establishment of the Nuremberg trials and the creation of other institutions and agreements such as Bretton Woods and the IMF. Without the ambition of the UK and the power of the United States those things simply wouldn’t have occurred.

Millions of Americans and Britons prospered over the past 72 years because their postwar political leaders *didn’t drop the ball* and made a conscious decision to *make the best of the postwar relationship* for their respective people.


What Kind of Free Trade Agreement Should Prime Minister May and President Trump pursue in the post- Brexit timeframe? (Hint: A ‘Win-Win‘ agreement)

Present-day Prime Minister of Canada Justin Trudeau was still in school when Canada first approached the European Union to ask about a bilateral trade deal, and that many years later it still hasn’t come into effect. (It’s about to, they say)

It will have taken eight years to hammer out and begin to abide by, the Comprehensive Economic and Trade Agreement (CETA) which arrives so late in the game and market conditions do change over time (remember way back to the 2008/09 financial crisis when the CETA agreement was first floated?) that some of the hard-won negotiating points are no longer relevant and may never be finalized.

Canada, EU to provisionally apply CETA in September (CBC)

I’m sure it’s a fine agreement and congratulations are due. However, with America and Britain at the controls of a mutually beneficial trade agreement between two friendly Anglophone nations, it should take less than a year from first discussion to signed agreement.

Though we don’t know what shape an Anglo-American trade agreement might look like from our vantage point in July of 2017, probably the best idea would be for both sides to embrace reciprocity and fair dealing in all trade matters as a way to enhance both economies, and as a way to later attract other Anglophone nations such as Canada, Australia and New Zealand to sign on to such an agreement.

Hitting the Right Note with Commonwealth of Nations member India

What a great thing it would be if all Commonwealth nations eventually agreed to sign on to a U.S. / UK trade agreement. Commonwealth of Nations member India has 1.5 billion consumers alone!

Both America and Britain could add 5% to their respective GDP just on the improved trade flows of doing business in the booming Indian economy.

“Although India’s rapid population growth is part of what accounts for the forecasted jump […] that is only part of the story. Drastic improvement in terms of per-person productivity due to capital investments and better technology will play an even more important role.

“PwC predicts that India’s economy will grow by about 4.9% per year from 2016 to 2050, with only 0.7% of that growth caused by population growth.

“India’s economy is currently the third-largest in the world, and is expanding at an estimated annual growth rate of 7.1% for the 2016-17 financial year. —  India’s economy is forecast to surpass that of the US by 2040  (Quartz)

Both America and Britain just need to hit the right note with India — a respectful note — in order to profit from the massive growth that is available in that burgeoning country.

Working out an Anglo-American trade agreement with a view to adding all Commonwealth member nations within 24 months, guarantees that other powerful trade blocs don’t beat the Anglo-American alliance to supply the rocketing Indian economy with much-needed goods and services.

Projected growth for selected countries – As measured by Purchasing Power Parity (PPP)

UK Brexit free trade deal with United States and with Commonwealth partner India
UK Brexit free trade deal with United States and with Commonwealth partner India.


It’s so obvious but still worth repeating; ‘Hitch your wagon to the fastest horses if you want to place well in the race.’

Britain has the Commonwealth of Nations connections, Britain needs a trade agreement with NATO ally America and with Commonwealth partner India, and the United States wants to increase mutually beneficial trade with Britain and its 2-billion-strong Commonwealth partners.

In all of human history, rarely has such a synergistic match-up suddenly appeared where different but extremely valuable benefits are available to all three parties.

Just as nobody predicted the massive Japanese economic boom which began to form the day after WWII ended, an Anglo-American trade agreement, followed by a Commonwealth trade agreement (before other trade blocs grab the low-hanging fruit!) could match or exceed the massive performance statistics of the postwar Japanese economy.

Dear United States and Commonwealth of Nations, Let’s not miss this rather obvious ‘Win-Win-Win’ opportunity!

G20 Hamburg: Opportunity to Share Success, or End of the Established Order?

by John Brian ShannonReposted from JohnBrianShannon.com

There are many things in the economic and political world that are going ‘right’ at the present time and there are many things going ‘wrong’ and depending upon where you are in the world, you see the glass as half-full or half-empty.

Where you are financially… likely determines your views on economics and politics.

In the colonial and postwar eras, if you were happy and supportive of democracy it’s because you lived in a thriving economy in the West or Japan  — and if you were unhappy, you lived in a colonial or post-colonial nation with a ‘frontier’ economy, which is to say, you were dirt poor and local warlords were more powerful than your own government.

However, that’s changing.


Globalization Changed the World

Since the advent of globalization 2.0 (which began with the creation of the Petro-dollar) wealth has shifted from industrialized nations to developing nations as have millions of jobs that were offshored by Western corporations in the pursuit of higher profits — profits which are then distributed among relatively small numbers of rich shareholders.

Over many years this has caused wealth to ‘trickle upwards’ and is responsible for creating the 1 percent economic class.

In America (which always has reliable stats) the 1 percent in that country enjoy more wealth than the bottom 80 percent.

Here’s a nice, short video that demonstrates this; Keep in mind, this video was made in 2009. Things are much worse now… and people wonder why there is political change in the country?

The total wealth of the United States was 54 Trillion dollars in 2009. Let’s see how it was distributed…

As long as we keep in mind that things are getting more dire each year, that will about cover inequality in America and explain the recent and major political changes there — with surely more change to come.


Growing Inequality Isn’t Being Addressed

Inequality is even worse globally. Although different in absolute numbers than America’s situation, the disparity between rich and poor is even greater.

Even today, 71 percent of the world’s population exist on less than $10 per day and 9 million per year die of starvation/lack of clean water.

That’s Failure by Any Standard!


All the good work by NGO’s over decades of time aside, it is a catastrophic indictment of our entire civilization. It seems to be a case of; ‘We can do better, we just can’t be bothered’.

To illustrate the disparity that remains in the world, lets look at the present trend lest you think that world leaders are actually doing anything to solve the problem.

G20 Hamburg
G20 Hamburg: Since globalization 2.0 began, people like President Nixon and Bill Gates have said to Tax the Robots to make a GBI affordable.

Share of the world’s total wealth for the Top 1 percent and the Bottom 99 percent. Image courtesy of OXFAM.

It’s pretty clear this is the Number One problem in our decade and that it isn’t going to be solved at the G20 Hamburg summit. And if the 20 most powerful nations on Earth can’t solve it year-after-year (look again at the trendline) then it isn’t going to be solved.

I think it’s a pretty safe bet that it isn’t ever going to be solved.


Therefore, Let’s Be Realistic and Deal With the Symptoms

Now that we’ve gone ‘realistic’ we can settle ourselves down and figure out a way to compensate the ‘losers’ of globalization — which for now, are the bottom three economic quintiles in each developed nation. Yes, the middle class is being hollowed-out and sooner than you may realize there won’t be a middle class.

(You know, the middle class — the group that was mainly responsible for paying for most of the infrastructure built in the postwar era and for paying many of the entitlements enjoyed by developed nation citizens)

Fortunately, it’s an easy fix.

In the next 10 years, one-in-every-eight jobs will be lost in developed nations to technology, whether robotics on assembly lines, or to computers or other technologies, and it’s happening now.

In some ways those jobs are already gone.

If corporations wanted to they could accelerate their Automation / Mechanization / Computerization (AMC) programs and do it over the next 40 months, not over the next 10 years. That’s a very sobering thought.

Of course, GDP would leap forward, corporations would make astonishing profits, relatively small numbers of Western shareholders would reap even more dividends further enriching the 1 percent, and developed nation corporations would have the ability to better compete with developing economies.

It won’t solve the problem of the 1 percent sucking up all the wealth, because as U.S. and European corporations make larger profits the 1 percent will receive higher dividends.

But the ‘losers’ of globalization — ‘the shrinking middle class’ that are rapidly becoming members of the fourth and fifth economic quintiles — can be compensated.


Compensating the Hollowed-out Middle Class

Why should they be compensated? Because developed nation governments allowed millions of jobs to be given to developing nations (via legislative inaction) when corporations began to offshore jobs in significant numbers in the 1970’s.

But we can solve it now, exactly as President Nixon predicted (and tried to do while in office) by instituting a 5 percent tax on every robot and job-stealing mechanized device based on the value of the work performed (just like an income tax on individuals) to fund a Guaranteed Basic Income (GBI) for unemployed adult individuals.


What do Smart People like Bill Gates say?

Smart people like Bill Gates are also calling for this plan, and one of the best reasons for it is to maintain social cohesion so that we don’t lose our country (via revolution) in the mad dash by small numbers of corporate shareholders for larger dividends.

The GBI would replace all social welfare programs, many of which are duplicated at the federal and state levels, some cities have additional income schemes that exist concomitant with other levels of government. In many cases there is duplication and even benefit fraud — sometimes with the knowledge of people running those programs.

Every adult citizen in America (to use the U.S. for an example) that isn’t employed (as America is a nation of workers, it’s safe to assume *they would still be working if millions of jobs weren’t already offshored* by greedy U.S. corporations and their shareholders) would receive $1088 per month once they have exhausted their unemployment insurance benefits.

Also, every retired person who is trying to live on less than $1088 per month, would have their monthly income topped-up to $1088 per month, via the GBI program.

It isn’t enough to get rich on. But it is enough to live on at a very basic level, and would allow them to stay ready for any job opportunity that may appear.

And local shopkeepers would love it, as every cent would be spent on groceries, medicines, clothing and haircuts for job interviews, and phone/rent/internet access. A real boon to local economies!

In the UK, this amount could be set at £1088 per month, while EU countries could set their GBI at €1088 per month.


Tax the Robots!

It’s so simple to fix the vast inequalities that are getting worse with each passing year. TAX THE ROBOTS!

And cancel the many overlapping, inefficient, and abuse-prone welfare programs by turning them into one automated program that pays every non-working adult $1088 per month (after they have exhausted their unemployment insurance benefits) and to top-up the monthly income of pensioners to $1088 per month.

It’s so simple, even a politician could do it! 😉


Keep Workers Viable Until Needed for the U.S. $1 Trillion National Infrastructure Program

And I’d suggest that other G20 countries do similar. Keep your former workers alive and viable (who after all, are only ‘former’ workers since millions of their jobs were offshored by corporations with their government’s approval) by using a GBI and they will be ready and willing to return to work — a different kind of work than manufacturing, but still, paid work — where they can be part of a great national infrastructure renewal program lasting one decade, or longer.

Most developed nations are at the stage where Generation I and Generation II infrastructure needs replacement and upgrade. It isn’t glamorous, but it is ultra-important.

So, what could the world leaders actually accomplish at G20 Hamburg?

They could decide to Tax the Robots, pay a GBI to unemployed adults after their unemployment insurance runs out until they get a new job and begin to earn more income than the national poverty line, and rebuild and upgrade the national infrastructure on a massive scale.

Now that’s a plan that benefits everyone!


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