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I've been looking through the GDP for a Living Stipend and this is what I have found thus far: Living Stipend tax/share 0.01 Population 320,0
by my5thaccount 11y ago
I've been looking through the GDP for a Living Stipend and this is what I have found thus far:
Living Stipend
tax/share 0.01
Population 320,000,000
NYSE 802,026,511,675 8,020,265,116.75
Forex 5,300,000,000,000 53,000,000,000.00
CBOE 1,274,776,218 12,747,762.18
Nasdaq 671,175,892,500 6,711,758,925.00
$67,744,771,803.93 TOTAL REVENUE
OIL 6,970,000,000 10 69,700,000,000
FIN SERVICES 1,260,000,000,000 15% 189,000,000,000
TECH 606,000,000,000 15% 90,900,000,000
Entertainment 546,000,000,000 15% 81,900,000,000
PROFESSIONAL Services 1,500,000,000,000 15% 225,000,000,000
2,263.26 STIPEND PER PERSON PER YEAR
I think we need more than this. There could be more if we stop asking the tax payers to subsidize the salaries of high level executives as well, but I haven't done that math yet.
To explain the numbers above, $10/barrel for oil, a penny per share traded on the major stock exchanges. 15% tax on services, which aren't taxed. Why aren't we taxing lawyer fees for example or computer consulting services or massages? Of course we can take those numbers up a bit or down a bit in the appropriate areas, but we need about 10x that I think to really give people food and shelter security.
I'm really shooting for $2,000 per month per household. I think there is a place somewhere in the country that any family could live on that amount of money and feed their families. Of course this would be adjusted based on family size and the numbers above are per person. An individual could survive on $1,000 per month I think and a family of 3 or 4 could survive on $2,000 per month if they do it right. If they don't they can get a job to supplement income. If they want to work more, they can do that too.
Sorry for the formatting. I'm pasting from Excel.
- theseatoms 11y agoWe do tax lawyer fees, computer consulting, and massages already. Right?
- my5thaccount 11y agoNo, not specifically at a federal level. Some states have business excise taxes but they are less than a percent for most businesses. I'm talking a tax on services like when you go buy food and the receipt has the tax added. The income tax on those professionals is the closest thing we have now, but blue collar workers pay that too and the products they make have a sales tax at the other end on top of their income tax.
- my5thaccount 11y agoFunny how, at HackerNews, a post with data and intent on progress is still drowned out by useless rhetoric that will never actually make a difference. Someone posted real numbers with a clear intent to find a solution to an imminent problem and did not get one up vote. Edit: More than one upvote. :)
- xivzgrev 11y agoassume 100M households in America, that's 2.4 trillion dollars per year. Social security presently is about 1/3rd of that, if BI could replace that. Fed government currently gets about 3 trillion in revenue. So we'd have to increase by 50% to cover shortfall (or cut spending). Some ideas here: https://medium.com/working-life/why-should-we-support-the-idea-of-an-unconditional-basic-income-8a2680c73dd3#.5vpd7krqk https://medium.com/working-life/why-should-we-support-the-id... http://www.cbpp.org/research/policy-basics-where-do-our-federal-tax-dollars-go http://www.cbpp.org/research/policy-basics-where-do-our-fede...