Sunday, August 10, 2008

Alexander Wants Common U.S.-Mexican Currency: Basic Income Guarantee

V.P. Candidate Alexander Wants Common U.S.-Mexican Currency “Working People need a Basic Income Guarantee” Stewart A. Alexander Nominee for Vice President Socialist Party USA August 10, 2008 During a decade when border issues between the U.S. and Mexico have intensified and the Democrats and Republicans have gone on the attack against immigrants, Vice Presidential Candidate Stewart A. Alexander is proposing a common U.S.-Mexican currency and establishing a Basic Income Guarantee (BIG) for working people on both sides of the U.S.-Mexico border. To accomplish his goal, Stewart Alexander says it will be necessary to restructure the entire banking industry; all banking and financial institutions would be socially owned, and operated by a North American Banking Authority that would be democratically controlled. Alexander says creating the banking authority and a common currency would be the first step toward creating a basic income that would benefit working people on both sides of the border and eventually benefiting hundreds of millions of working people throughout the entire western hemisphere. Alexander has closely studied the economic models introduced by the Center for the Study of Democratic Societies; and according to the CSDS and Dr. Robley E. George, the CSDS Director, “Each participant in this democratic socioeconomic system would know that, regardless of what he or she did or did not do, a democratically determined Universally Guaranteed Personal Income (UGI) would always be available.” This concept is a very important element in Alexander’s economic platform. According to Alexander, a basic income is necessary to meet the basic needs of the poor and homeless; it would also insure that the basic needs of seniors and all working people are met. For students, a Basic Income Guarantee would remove the tremendous burden of having to work long hours and would provide more time for students to obtain a higher education. The concept of a Basic Income Guarantee has been embraced by socialists worldwide. Alexander says, “It is unfortunate that the Democrats and Republicans are now building a $50 billion fence on the U.S.-Mexico border; it has divided families and is severely straining our relationship with Mexico. The goal of Socialist Party USA, and our Presidential Candidate Brian Moore, is to build a stronger bond with ours neighbors to the south and a Basic Income Guarantee will help to resolve many of the issues involving immigration.” For more information search the web for: Stewart A. Alexander; Alexander Dismisses Economic Plans of Obama and McCain.

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