UBI Funded, Income Tax Ended on Starlink ETH

A baked-in Universal VAT tax of 15% funds Govt and UBI running ETH-A over Starlink

Starlink

Universal Pensions Begin, Income Tax Ends

“On Big Rock Candy Mountain, the cops have wooden legs, the bulldogs all have rubber teeth and the hens lay soft-boiled eggs.” - Hobo song

As a network designer I don’t like leaving things scattered, all adrift in categories like corruption, militarism, poverty, crime, scams, war and malnutrition. All bullshit we can do without. I feel like I mustn’t leave a mess after work...Among the above wrinkles poverty looks like a disease to me. It is beneath us as a species - akin to slavery - enough said. In an ideal society there is little poverty, yet the wealthy are not hunted for taxes, because the system avoids the cost of tax enforcement by overseeing transactions via AI. The government doesn’t assign debt to the next generation—so this is essentially the Scandinavian VAT flat rate 15% tax model - sans their very high income taxes. It not only ends poverty, it also makes tax evasion very visible.

Why Are The Nordics So Rich? - YouTube <iframe width="800" height="450" src="

The Nordic Model of Democratic Socialism has been developed over centuries of common sense governance, by a region of countries sharing common resources and challenges. As a short form, I would recommend a wholesale adoption of this model on a Starlink scale, utilizing a demonstrated taxation standard to provide structures for widespread implementation. This would be post-US hegemony with the BRICS political initiative empowering the United Nations.

There is no real reason for this tax credit model to be required, compulsory or mandated for everyone - but the VAT tax is. The de facto pension is an Adult Tax Credit for every taxpayer to claim, or decline if they prefer to be examined for income taxation. It is clear that the VAT tax must be payable across all industries, in all categories of financial transactions. This is what automation does for us, efficiently. At issue is the integrity of everyone’s income, and we will have AI to help us keep the books and maintain tight financial reporting. Together with blockchain passports, taxpayers will recognize that decentralized pensions must be universal.

The VAT floats all boats, resolving poverty universally without income tax. With a 15% VAT tax on all transactions, distributed as 10% to tax authorities and 5% to citizen pensions, the two great needs of Society are provided - governance and income. ETH-A can integrate human commerce with taxation and UBI. This can be achieved via existing VAT regimes across all ‘cantons’ and local tax authorities.

Two take-aways then, of Starlink ETH-A (Attributed Ether)

1. Elimination of Income Taxes

2. Universal Basic Income Pension

Here is my network sketch from my Twitter account :

'The (finance) industry' needs Ethereum with an attribute, to uniquely identify all ETH-A transactions as tax-paid.

Chainlink? That'll do it - via Layer 2 protocols, smart contract adjudicators.

Now imagine that on Starlink, a 15% VAT tax on all ETH-A is baked in. The 10% portion goes to the designated tax authority, the 5% goes to the attributed accounts, per their purchases + our species royalty. Here wealthy individuals and corporations contribute proportionately through higher spending, then budget decisioning and allocation are via liquid democracy.

This UBI Pension would be an Adult Tax Credit or Negative Income Tax (tax reform) made up of personal contributions (via purchasing AI invoices, as ETH-A) supplemented by shared refunds of budget surpluses, negotiated via liquid democracy, as the species royalty (a simple entitlement as a taxpayer). It displaces many social programs, putting the focus on blockchain/AI verification of all figures, leaving citizens funded and otherwise autonomous. ETH-A remains decentralized—citizen funds cannot be deleted, frozen, confiscated by ‘Authorities’.

What is the lasting effect?

1. The tax authorities enjoy debt-free authority over two thirds of all revenues

2. The participating citizen has the AI-calculated one third + as a pension

3. Payment is a monthly banking entry—a taxpayer entitlement

4. Anyone can participate in the 5% refund - with VAT purchases - as taxpayers

5. Budget surpluses increase monthly pensions, encourage thrift in populations

The UN ETH-A currency replaces income taxes, and funds UBI with one immutable currency. UN protection and efficient, corruption-free revenues then fuel liquid democracy governance.

A humanist pension is a triumph of human cooperation, a palace of peace.

Lifetime Security over Starlink with ETH-A !!

In this analysis the voting population can choose to build schools vs nuclear submarines - which the UN Navy would confiscate, anyway. :-) Security without militarism - collectivized under the UN Armed Forces - with 800+ US military bases repatriated as proposed by

Robert F. Kennedy, Jr.

and so many others.

Blockchain Passports allow documented taxpayers to travel (visit anywhere)—not reside—resolving migration issues by enfranchising one’s birthplace and a personal Starlink workplace. On the emerging solar power and batteries wave - outside crowded cities - e.g. our species can breathe with Starlink.

The ETH-A currency precludes corruption and confiscation, again via blockchain integrity on the Ethereum Blockchain. The transparency of the ETH-A decentralized blockchain is fundamental. As we fund our infrastructure, governance and personal incomes—all boats are lifted by the surety of ETH income, assets or contracts on that blockchain (which exists and is thriving). Poverty becomes a statistical rarity.

The Hub can be a UN Agency as a trusted registry over the Internet, while humanity adapts next to AGI - pre-emptively - while celebrating successive life cycles. This is not an era for entertaining anarchic or authoritarian notions to the contrary. If decentralized is achieved, it will be a character matter to endorse L-Democracy.

Conclusions

ETH-A with its tax-paid marker promises a growing pension for the poor, and tax independence for the wealthy, with tax authorities enjoying strong, reliable revenues with no deficits. Blockchain surety removes much of the turmoil of funding citizens, their governance, security and public infrastructure while remaining largely decentralized. This platform is essentially the Scandinavian model writ large.

Liquid democracy offers informed consensus and decisioning, in concert with the UN. Support and affection for our own kind—that’s Humanism.

Lots to unpack here - your comments much appreciated!

- Dwight