Living Income Guaranteed and Commodity Pricing (2024)

Living Income Guaranteed and CommodityPricing

Posted on July 4, 2013 Updated on October 31, 2013

The theories about free market suggest that supply and demand determine the price and that apparently there is a ‘market force’ that is determining at the end of the day who will be wealthy and who will be poor. The odds – if you know from playing Monopoly – are that ‘he who has the money will be wealthy because they will get more’. This is happening very effectively with commodity pricing, because the future’s market and the establishment of pricing through this common oddity instead of common sense – for example, determining the price of food this way like in a giant casino – is certainly not a way for any competent government that represents citizens to enable feeding its people.

Take for instance food in a capitalistic world where labor is a capital and your food is a capital, and the seat of your government is a capital and the money you have is a capital: the creation of food and feeding one’s citizens and then making available the surplus in the open markets is the way it should function. Where the establishment of food prices is based on the labor input and the cost input and the historical growth in value through the accumulated effort of the human’s participation on Earth. These are the aspects that must be part of the pricing system to ensure that those people have no need for a Living Income, because there is sufficient profit for those involved in creating the food to make a decent living, to pay the farm laborers properly so that they can do their work with a loving heart and not because they are forced to do it because they have no other means to make a living.

Imagine! all the people that are into the ideas of ‘consciousness’ for instance, already have this inclination that ‘the hands that touch things have an influence on its constitution’. This would imply that if your food is produced by poor people desperate to make a living that are not getting enough money, constantly experiencing anger, anxiety and fear = that would be transferred to our food and because we accept that as ‘okay,’ we accept the consequence of this form of production as ‘okay’ and as such, we accept the consequence of placing this in our body as ‘okay’ without realizing and understanding how is it that within this we contribute and participate in creating more disease on Earth.

Within the commodities’ markets, food pricing and the giant casino, those that make profits do not care about this because they can create another health product to sell and place on the markets, continuing the cycle of supply and demand which results in forced labor and economic slavery.

With Living Income Guaranteed we suggest that we start looking at the real science, not only the genetic modification that is attempted to be controlled through patents and influencing the food supply to influence the palate of the population and have control over it and thus control over price. Price control in Living Income Guaranteed is not a matter of control, it’s a matter of common sense: if the labor part of the food production is not healthy = the food cannot be healthy as the investigation into water crystals by Masaru Emoto indicated – and then it cannot produce a healthy society because the pricing isn’t healthy, the capitalistic system isn’t healthy, there is not enough money moving and your debt will increase! And then, because you are creating the system through a form of conflict, the only way you can then save the system is through conflict. Capitalism throughout time has been proven to ‘need war’ to continue existing and regenerate the economy, to create jobs and to create money for a minority.

Commodity markets and open markets need a new definition where a country produces a particular commodity, it first supplies its own citizens and the surplus – which can be determined as to what is needed in the world, just as it is done with oil – can be sold to all the other countries that need a particular commodity so that they can have access to it on the open market at a price that does not cause poverty and starvation, but that enhances the global economy.

Labor has lost all capital value which means if your labor is worth nothing = you have no power with which to ensure your wellbeing financially, health-wise and in all ways of your own family – and then a country is not able to support its citizens through proper government. And here the capitalist, the wealthy person needs to understand the simplicity of the Living Income Guaranteed. If you have citizens that have more money to spend and you only have a system that focuses on competition based on pricing, will cause less money to flow. Therefore we propose that competition is based on value, technology and effectiveness.

If one competes on things that are genuinely valuable like a better warranty, better quality product or a unique and innovative product, it is a healthy use of competition that doesn’t cause harm: it enhances the product. But to compete based on price alone, claiming that global prices are going to be ‘good for the citizens’ while the quality of the products is dropping all the time indicates that there’s something really wrong in our reasoning! Because the evidence is very clear that this is not how reality works. The very fact that this is even allowed and not seen as treason because of the way it harms the citizen = that is even more revealing to what extent we are not yet aware of how we have caused our own crisis and demise.

How labor loses capital value with lower commodity pricing and that lower prices create job loss, unemployment and starvation, should be part of our common sensical understanding of the economy. Yet, do you see any of this in the news? Do our journalists actually even comprehend the fact that they are not actually reporting the root and cause of the problems we hear and read about every day? This is a massive problem when we fail to see how it is through our common acceptance of economic inequality that we then accept every single problem and consequential outflow that stems from failing to support every single individual to live in the best possible sustainable manner.

The facts are that if the labor that is put into the production of something like food is not compensated effectively in and through the price, and if the distribution is not compensated and all participants within the creation of the food process are not compensated properly = then we are creating poverty through producing food.

How have we created poverty? We have food at a lower price which means less tax = which means a weaker social service = which means there is not enough money to support all the citizens – this is why we end up with revolutions – Why would we do that deliberately, unless it is that we don’t even understand – after our so called evolution – that we are actually creating the problem with ideologies like a ‘free market forces’ and ‘supply and demand.’

Supply and demand is very simple, it should be based on: What is the supply? Is there enough food for everyone? Which means that the demand is how much we need, what’s the surplus and whether the profit made from it actually supports everyone that is involved in the production process to make a decent living – this is what supply and demand is in a practical civil way. The ways that are currently used are downright counterproductive and detrimental to our global economy.

If you can see within integrity and common sense the problem that we are presenting here, then support a solution that is real: educate yourself, step out of your self-interest and realize that we must work together as one within a democracy to bring about real change.

Equal Life Foundation Research Team

Living Income Guaranteed and Commodity Pricing (2024)

FAQs

What is the living income benchmark? ›

The Living Income Benchmark is the net income required for a basic, but decent, standard of living. The Benchmark is based on the costs of living, in line with the Living Wage methodology of Martha and Richard Anker.

What is the definition of living income? ›

Definition of Living Income

The net annual income required for a household in a particular place to afford a decent standard of living for all members of that household.

What is the difference between living wage and living income? ›

A living income is defined as the “net income of a family that is earned under dignified working conditions and is sufficient to afford a decent standard of living for all members of that household”, while a living wage is defined as “remuneration received for a standard work week by a worker sufficient to afford a ...

What is the living income gap? ›

Living income gap is the difference between the living income benchmark and the actual income of a household.

What is a good livable income? ›

Typical Expenses
1 ADULT2 ADULTS (BOTH WORKING)
0 Children0 Children
Required annual income after taxes$48,163$65,790
Annual taxes$8,661$9,812
Required annual income before taxes$56,825$75,602
8 more rows

What is basic living income? ›

Basic income is a regular cash payment to all members of a community, without a work requirement or other conditions.

What is the standard of living and income? ›

Standard of living generally refers to wealth, comfort, material goods, and necessities of certain classes in certain areas—or, more objectively, measures of income and consumption. Quality of life is more subjective and intangible.

What is calculated in living wage? ›

The Living Wage Calculator's estimates are based on the costs of eight components, each of which represents a basic need: childcare, civic engagement, food, health care. housing, internet & mobile, transportation, and other necessities.

What are the three types of income? ›

Three of the main types of income are earned, passive and portfolio. Earned income includes wages, salary, tips and commissions. Passive or unearned income could come from rental properties, royalties and limited partnerships. Portfolio or investment income includes interest, dividends and capital gains on investments.

Is $25 an hour a livable wage? ›

The living wage in the United States was $25.02 per hour in 2022 or $104,077.70 per year before taxes based on a family of four with two working adults and two children.

What is a livable wage for one person? ›

California's living wage is $19.41, or $40,371 a year for an individual. A family of four requires $27.42, or $101,378 a year. Childcare costs will cost a family with two working adults $22,259 a year, slightly more than the $24,682 they can expect to spend on housing.

What is the highest minimum wage in the US? ›

These states and localities have the highest minimum wage rates in the U.S.:
  • District of Columbia: $17.
  • Washington: $16.28.
  • California: $16.
  • New York City and Nassau, Suffolk, and Westchester counties: $16.
  • Connecticut: $15.69.

What is the living income measurement? ›

Living income, i.e., living income benchmark, is defined as the net annual income required for a household in a particular place to afford a decent standard of living for all members of that household.

What is the ideal income breakdown? ›

Allow up to 50% of your income for needs, including debt minimums. Leave 30% of your income for wants. Commit 20% of your income to savings and debt repayment beyond minimums. Track and manage your budget through regular check-ins.

What is the income paradox? ›

The Easterlin Paradox states that at a point in time happiness varies directly with income, both among and within nations, but over time the long-term growth rates of happiness and income are not significantly related. The principal reason for the contradiction is social comparison.

What is benchmark income? ›

Salary benchmarking, also known as compensation benchmarking, is a process of matching job descriptions and pay ranges to those from similar jobs in other organizations. It helps you see the average salary for a certain job.

What is the top 10% income level? ›

A 2022 study by the Economic Policy Institute (EPI) found that the top 10% of earners nationally received an average income of $167,639 in 2021.

What is the middle class income scale? ›

In California, the middle-class household income ranges between $ 61,270 to $183,810, a nearly 50% increase from where it stood in 2012 when it was $40,933 to $122,800.

What is a normal income level? ›

The highest-earning state in the U.S. on average was Massachusetts, with its annual average income at $86,840. 1. This was followed by: Washington ($85,748). California ($84,448).

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