Facts of US Economy
This estimation is meant to be a feasibility paradigm for the distribution of a Universal Income of $34,000 per person. Median Family income is about that much and the examples of Government Waste and Welfare for the Rich exceeds anti poverty measures Like Sustainable Cities, Social Enterprise, and Living wage boosting Gross National and Domestic Products. Theses are Partial sums relating to a Big Picture.
Population if USA=2016 – 250 Million Adults
Estimated Outlays from US Federal Budget Source: National Priorities.
* In Billions
Science 29.8 3%
Health Care 66 6%
Education 70 6%
Military 834.2 54%
Welfare 103 Trillion ?
Food and Ag 13.1 1%
Transportation 25.3 3%
Government 72.9 7%
Energy and Eco 39.1 4%
Social Scecurity, Labor, Unemployment 1.28 Trillion 33%
Wealth Maintenance Programs Total:(Corporate welfare, subsidies, and others:
$92 billion, Government Contracts $1.4 Billion, Subidies for big oil: 70 Billion, Farm: 16.8 billion, wind and solar $12.2, Carbon Caplet $2.3 Billion, War on Drugs 1.5 trillion, Special Taxe Loopholes $100 Billion a Year, $1.5 trillion on F-35 Fighter Jet. Pork Barrel Spending $5.1 Billion. Tax breaks for Billions like he Walton’s $13.5 Billion . Pentagon $700 billion , CIA $52.6 Billion
* Corporate welfare NJ: $58 Billion: Asbury Park Press Also property taxes can be $4,000 to $7,000. Insurance-both Auto and health $2,000 each.
The Cost of a $34,000 Livable Universal Income: $250,000,000 Adults=$8,500.000,000,000
*Eliminating Welfare and Patronage jobs. Unemployment and Other unnecessary Social Items.
Expenses on Welfare, eliminating the program for a LUBI= $103,000,000,000,000
https://www.thenewamerican.com/economy/economics/item/17367-welfare-hits-record-levels-after-50-years-of-war-on-poverty 2014 report
Wealth Maintenance $4,006,910,000,000. Estimates maybe three times higher considering Fake Farm subsides, tax reimbursements. Trump gets $44,000,000 a year for land he has no intentions of developing. The figure can triple $12, Trillion.
Corporate crime inflicts far more damage on society than all street crime combined. Whether in bodies or injuries or dollars lost, corporate crime and violence wins by a landslide. The FBI estimates, for example, that burglary and robbery — street crimes — costs the nation $3.8 billion a year.
The losses from a handful of major corporate frauds — Tyco, Adelphia, Worldcom, Enron — swamp the losses from all street robberies and burglaries combined. Health care fraud alone costs Americans $100 billion to $400 billion a year. The savings and loan fraud — which former Attorney General Dick Thornburgh called “the biggest white collar swindle in history” — cost us anywhere from $300 billion to $500 billion.
And then you have your lesser frauds: auto repair fraud, $40 billion a year, securities fraud, $15 billion a year .
WHY IT IS IMPOSSIBLE TO LIVE ON $12,000 to $20,000 A YEAR
Both Conservatives and Liberals do not get he rest of us. They do not understand the Low Paid world let us look at economic realities.
BUDGET FOR TYPICAL NJ RESIDENT
Note: Most NJ residents work 32 to 25 Hours. There is no 40 Hour work week anymore.
Fuel $2,000 ——— GAS $2080
AUTO INS $1,500 ——— AUTO REPAIRS: $2000 +
RENT/MORT $1,200 or more——— HEALTH INS $12,000
AUTO MAINT $2,000———- UTILITIES $2,500
To live in most States=$47,780
$12,000 UBI would put people in debt. This is not counting $4,000 to $7,000 in property taxes and other costs required.
PERPETUATING A SOCIAL ECONOMY : Requires a disposable income.
Lets say Tino and Joo want a Jangu and Nanta Studio for the Korean Cultural Association. Judy
A worker own Co-op would be more expensive but maybe afford in join partnership.
wants a store for her Green-ware business.
Store Rent=$2,000 to $3,000 rent
Equipment = $2,500
With out a disposable income a Social Economy is Impossible.
Most businesses need customers with disposable income and also need disposable income themselves to grow. In this lesson, you’ll learn what disposable income is and discover some important related concepts. A short quiz will follow.
From the standpoint of an individual, disposable income is the income that you have left over after you have paid all taxes and other mandatory expenses such as home loan payments, consumer loan payments, and child support obligations. You can think of mandatory expenses as expenses required to be paid by law or a legally binding agreement.
From the standpoint of a business, disposable income is the net profit in a given period it makes after paying all necessary and mandatory business expenses such as taxes, debt service, vendor bills, and benefits and wages for its employees.
Disposable income is important for businesses for two primary reasons. First, in order for a business to generate revenue to pay its expenses and hopefully make a profit, it needs to have a supply of consumers available with disposable income to purchase its goods or services. Secondly, if a business wishes to survive, stay competitive, and grow, it must have disposable income to invest in such things as marketing, research and development, and expansion into new geographic markets or industries.
This also helps carry over business in times of scarce profit. The Social Economy and LUBI would revive down towns, end poverty, and give people the instance of Shared Wealth. A Sustainable Community would be impossible to support with out it. Squalor, psychological and social problems would manifest. Stress and pressure of having to live another day will have catastrophic effects. The three, Sustainable Communities, Social Economy, and LUBI are the right recipe for a better society.
Low income UBI would relegate people to the bottom and create even more Income inequality
and a enforced caste system where people would be relegated to the bottom. We need to go beyond the Basics.