Stephen Yearwood
2 min readAug 25, 2019

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Thanks for your Response, but it is disheartening that people have so much difficulty understanding this idea. I definitely way underestimated how difficult it would be even for people who are sympathetic to it to get their brains all the way around it. Economics is a confusing subject anyway, but I must not be very good at explaining it.

I tried to make it as clear as possible that people would have to work to get the allotted income, except for retirees and adults too incapacitated to work.

I’ afraid I simply have no idea how you got the idea that people would “pay the government.” There would not even be any taxes.

In the piece to which you appended your Response people earning more than the minimum pay would be paid by their employers, just like at present. Prices would be generated as at present.

If a society decided it wanted to used the allotted income to eliminate exploitation, that would mean that, as a default, everyone employed in every business would be paid the allotted income. Unlike merely implementing the allotted income as pay for some people, that would represent a fundamental change to society. You are correct that the status of corporations would thereby be brought into question.

The point of eliminating exploitation is to make the economy fully just. That could be accomplished by having the distribution of remuneration in corporations be decided by a democratic process within each corporation. That would be difficult to pull off, but it would resolve the issue of exploitation while retaining the goal of making money.

Regardless, proprietorships would still exist because people like owning businesses and owners of businesses would receive two (possible even three) incomes: one for being the owner, one for the work one would be doing in running the business, and perhaps one to be in lieu of benefits. (If the owner got benefits paid for by the revenue of the business that would still be exploitation.) So the owner would get paid two or three times what the employees were paid (though they would also get benefits, paid for out of the revenue of the business). The goal would still be to make a profit to sustain the business, but the amount of profit sought would be ‘enough’, not ‘the maximum possible’.

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Stephen Yearwood
Stephen Yearwood

Written by Stephen Yearwood

M.A. in political economy (money/distributive justice) "Please don't confront me with my failures/ I'm aware of them" from "These Days," as sung by Gregg Allman

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