Over the course of the year, we earned some money.

And so your profit is 100.

So this right here you could view as our income statement.

So they can see where the buisness is doing well, where it's not doing well, or maybe how rescorces should be allocated

Let's now account for the same series of events but instead of doing it on a cash basis

Give a better indication of what's actually going on in the buisness, and the way I did it in the first two videos, the first column over here

And so in month 4 we earned 100, and once again, 100 went away from our cash balance, so we still have 400.

The customer pays you 200 for your services

Google is a company born of idealism.

There are different models for the basic income.

On the cash basis it looks like you lost money again.

The foundation of free nations is democracy.

That's Democracy.

What do we do, as our science gets to be so good in looking at anatomy, that we reach the point where we have to admit that a democracy that's been based on anatomy might start falling apart?

I acted up to my principles.

let's do it on an accrual basis.

So this kind of the cash income statement,

So both cash and Accounts Receivables are assets.

I love my work, I enjoy it, but surely there are some people who couldn't be motivated anymore.

So, this is really a pretty strong statement.

When did Democracy come into existence?

Maybe travel, look after someone else, go back to studying...'

And you didn't have to spend any expenses because you didn't do any accounting.

You must live up to your principles.

Not out of a personal incentive.

Everyone will get their VAT reimbursed in order to cover basic needs.

The lower third represents the price for making the Latte Macchiato.

Maybe as people, because especially in Israel, we're in a democracy.

This reimbursement is the basic income.

'What would you work if you didn't have to worry about an income?'

Individual freedom is the soul of democracy.

Pensioners would have to look after the parks.

This is the effect that VAT has on labor.

So you defer it to month four, when you actually perform the service.

Yeah, till next month when the town council meets. Marshal's pension fund.

But there's an issue here.

Master, I believe we've found your Separatist listening post.

A basic income points in the same direction.

The slaves of money enslave others through the authority that is given to money.

Do not forget that fascism, communism, capitalism or other isms are all monetary systems.

It is against my principles to borrow money.

He sold his principles for money.

nothing but a communist cell.

Before, revolutions used to have ideological names.

The Basic Income