Create a annual dividend for every legal USA resident
For Adults 18-62
1/3 Cash* (Must have a job paying into Social Security otherwise half to SS)
1/3 Health Care Savings Account
1/3 Individual Retirement Account (IRA)
For Children under 18
1/6 Cash*
1/6 College Savings Account
1/3 Health Care Savings Account
1/3 IRA
For Seniors over 62 Dividend is monthly payment
2/3 Cash*
1/3 Health Care Savings Account
Show Me the Money
10% Value Added Tax
1% Financial Transaction Tax
Cut Government Spending (split savings with Dividend)
Cash Advance Loans
Social Security Taxes (down the road)
Medicare Taxes (really far down the road)
Should be able to generate at least $1Trillion dollars a year
Wealth Fund
6% deduction of Adult Dividend
Wealth Fund USA Bonds
Wealth Find Buys Bonds at 1/2 point below Market Rate
1/3 Bond interest goes to Dividend
1/3 Bond interest goes to Federal Government
1/3 Bond interest goes to buy more bonds
Cash Advance Loans
US Citizens can get a Cash Advance Loan on their monthly cash dividend Check
at a 12% Intererests Rate
- 8% interest goes to Dividend
- 3% interest goes to USA Wealth to buy Government Bonds
- 1% interest goes to Loanees IRA
-Wealth Fund Buys Bonds at 1/2 point below Market Rate
Adults loans must pay out by the 62nd birthday
Children's account loans must pay out by 18th birthday (Pay for Childcare?)
Seniors over 62 loans must payout by 80th birthday
Banks may offer loans using the monthly dividend check
Advantages of a Wealth Fund Loan
- Convenience no credit check or fees
- Could be used as a down payment for major purchases (Vehicle or Home)
- If loan covers full amount of purchase the buyer owns the property on day one no mortgage or liens
- 1% of interest goes to loanees IRA
Who would get a Wealth Fund Loan?
At first the pot of money will be small limiting who can get a loan.
Adults must have a Job (paying Social Security Taxes)
Prioritize those on government assistance whose programs are being cut
- Food Stamps
-Section 8 Housing Vouchers
-Pell grant receivers
Cutting Government Spending and getting paid for it
At first the pot of money will be small limiting who can get a loan.
If an adult between 18 to 62 they must have a Job (paying Social Security Taxes)
Prioritize those on government assistance whose programs are being cut
- Food Stamps
-Section 8 Housing Vouchers
-Pell grant recievers
College Savings Accounts. (Or how to get those meddling kids to pay for their own college education)
A $100 dollar monthly contribution earning 8% interest in a college savings account would have over $44 thousand in 18 years.
No student loans needed here.
If a student earns a bachelors degree they should have the option to get any left over money in their account
Individual Retirement Account
If we an get the Dividend IRA up to $200 a month, it would be over $3.5 million in an IRA account in 62 years
Health Care Savings Account
Would only be used to pay for Health Insurance
The secret sauce here is children would be paying their share of the Health insurance
Subsidizing adults
Get Social Security Today and Tomorrow
Current Seniors get their full social security payment.
Current Seniors get 3/4 of the full cash Dividend with 1/8th going back into Social Security and 1/8 going into the Dividend.
For next 20 year transition
Future enrollee would get full Dividend
Cash dividend will be reduced by reduced by 1/2 with 1/4 going into Social Security to make it survive and 1/4 added to the Cash back Dividend.
After this 20 year transition Future enrollees will have their full Social Security payment.
The Cash Dividend will be reduced 100% with up to the 50% going back into Social Security and the other 50% going into the Dividend.
For People on Medicaid
Their Full Health Care Account money would be used to pay back the government and the public for the Medicare money
Half of their Health care money goes back to the Federal government and the other half goes into the Dividend.
States would get proportional share Federal government reimbursement.
For People on SNAP (Food Stamps)
The Dividend would be used to payback the government and the public for the Snap money.
The full Dividend would be use till gone.
Half of their Health care money goes back to the Federal government and the other half goes is into the Dividend.
If the SNAP money is less than the cash Dividend the user gets the difference
States would get proportional share Federal government reimbursement.
For People On Section 8 Housing voucher
The full Dividend would be use till gone.
Half of their cash dividend goes back to the Federal government and the other half goes is into the Dividend.
If the Section 8 voucher is less than the cash Dividend the user gets the difference
States would get proportional share Federal government reimbursement if appliciable.