Yes, you can eliminate worldwide unemployment and poverty in less than 1 year, with no additional debt. Part 2.
The solution: Now, let’s change the model, using simple principles of Economic Democracy. Political Democracy => Everyone has the right to vote Economic democracy => Everyone has the right to a fair income earning job. This is surprisingly easy to achieve, based on the issues observed in Capitalism. Economic Democracy works on the following principles. Everyone gets at least a fair minimum wage. Accumulation is controlled: All income has to be spent in a month, to minimize accumulation and some accumulation is permitted with oversight. Income has a floor and ceiling, whereby the floor ensures a minimum fair wage for everyone whereas the ceiling ensures people are motivated to be more productive thereby earning more income. There is only Sales tax and Savings tax. All other tax is abolished. All are ensured good health: Everyone in a country is enrolled in medical care with no co-pay