Basic Tax Control teaches, in a practical way, what democracy is all about. Through the platform, people learn about responsibility, what social life means, and that their own actions can impact their own future. They learn how to be responsible, and, by taking that responsibility, they switch from a “vote, hope, and forget” system to active involvement in the making of our society — the society we need.
Basic Tax Control is, in some way, like a driving licence for democracy, teaching us that driving is not about ourselves but also about other people in traffic. It also teaches us that, whatever destination we are trying to reach, we will get there only by respecting the rules and those other drivers around us.
Through active involvement inside of the platform, the general population learns how to be open to each other and how to communicate in an open, non-violent way, respecting others and their needs.
By using Basic Tax Control, democracy is not just learned, it is exercised on a daily bases. The person has to be involved, think, and make decisions. Although those decisions look small and insignificant, because of the small amount of money we need to manage, when combined, those “insignificant” amounts can make a significant impact on society.
More prominent and altruistic members will spend more time on the platform. They will read more and learn more about different subjects, in order to help the community by enhancing social entrepreneurship; that will lead to change. Think about it: if we can spend hours inside virtual worlds, why not spend time inside of the “game” that will actually change our own world to become something better.
The best way to explain would be by giving a few examples:
- The company “West Wind Acme Ltd” needs £200K, in order to start production of a new type of wind electric generators with 10KW capacity. In return, it will give 20% of each year’s profit back to the Basic Tax Control fund.
- The company “Veggie Robotics Ltd” needs £500K, in order to produce 5 lines of fully-automated vegetable farms. In return, the company is offering 50% of its shares to the Universal Basic Income public fund.
The Basic Tax Control platform can boost fresh ideas and the economy; also, it could be used to tackle difficult issues, like global warming, for instance. If the idea is good, it can be funded by the public, instead of waiting for investors or grants that usually favour highly profitable old technologies that are part of the problem (such as oil companies), instead of a solution.
Each person from the crowd has a small amount of money to share across the projects she/he loves and wants to support. Those projects should be for the good of the entire society. In return, projects need to satisfy two principles: either they will be made exclusively for the public good (fixing the roads, building public libraries, etc.), or they are companies that are funded to return equal or greater amounts of money into the BTC funds over time, by sharing their equity with the public through Basic Tax Control fund or Universal Basic Income fund.
Basic Tax Control, combined with shares of equity, in exchange for investment, is an alternative approach for one country to achieving Universal Basic Income, which is especially convenient for countries that are less developed and do not have a high GDP. This approach should not be used to undermine implementation of Unconditional Basic Income as a basic right. Unconditional Basic Income should be implemented, regardless of the path we choose in the near future, because of increasing automation and technical unemployment.
When shares are equally dispersed, instead of giving them back to the BTC “investors,” those shares could work for everyone equally. In order to keep things interesting, some kind of reward system should be considered for those “investors” who are more successful and more active. By investing in projects and companies, money will circulate more, new jobs will be created, and new solutions will emerge, as a result of that process, creating a generally positive effect on the job market and the economy. That would significantly boost GDP, and, more importantly, it would direct people to work together and form solutions to fight difficult challenges, like the climate change example.
Additionally, the idea would be that any company that achieves a high level of automation has to pledge most of its earning to the public funds. Once a company is 100% automated, it has to become a public service, giving its owner lifetime benefits, similar to what we do for former presidents.
Basic Tax Control would create and finance companies that give money from profits back to the public. As this system permits big investors in those companies, money would not go to the top 1%. By dispersing wealth, we would avoid the accumulation of wealth and the dangers that go with it. When everything becomes owned by the public, we will think twice before investing in technologies that can harm the planet or us.
Also, this type of ownership is neither government nor private ownership — it is "Public" or rather "Social-private" ownership. "Social-private" ownership in those companies is not transferable and not inheritable. Upon death, everything that has been under the control of that person should return to the BTC public fund and dispersed to other members of society.
This is very much like what nature does with the atoms of our bodies when we die, spreading them around. Think about it: no one complains because he did not get all the atoms of his grandfather when he died. In the same way, we should not complain about where our money goes when we or our relatives die. We should be like the sun, shining equally on “good” and “bad” people alike.
Support for the Basic Income
Universal Basic Income can be implemented from return on investment from Basic Tax Control projects. Dividends and profits from projects funded by the public through Basic Tax Control can be the foundation for Basic Income. Gradually, more projects and more automation will increase global wealth and bring people out of poverty and beyond what is considered the Basic Income level.
Wealth is nothing more than an amount of commodities we can provide to the population, in order to satisfy wants or needs. Therefore, using this model to increase the overall wealth of the population would be a natural, evolutionary step in our economic development.