I have a pretty effective plan to do this in 8 years. Some people have seen it. The link is below:
Debt is necessary for maintaining social stability. In so much as debt and wealth maintain a structured society.Without assumed wealth, debt and disparity, there would be unorganisable chaos.
The incentive to work is to get enough money to survive.
Initial salary 60,000Health Care Bonus 13,000Low Income Subsidy 7,000
National debt is merely a concept that manifests as numbers.Debt is necessary for maintaining social stability. In so much as debt and wealth maintain a structured society.Without assumed wealth, debt and disparity, there would be unorganisable chaos.As far as I am aware, save for a few small territories such as Brunei, Lichtenstein and Palau all other nations have a national debt.National debt is simply the way that things have been contrived to work.
Especially in a country where you get free emergency care and free food from food stamps.
Your plan to get the U.S. out of debt is to spend more money?
Who does the World actually owe it's debt to?
The incentive to work is to get enough money to survive
Currently, the US's GDP per capita is $60,000 per year.
The healthcare bonus would be the amount of additional salary that employers would have to pay their employees because they wouldn't have to pay for their healthcare with a UHC system.
Some of the money would get spent on UHC, but the rest of it the individuals would use for spending and investing, both of which would be subject to tax.
Subsidy is the wrong term. Since any adult making less than $45K per year would be shown where better paying jobs are that only require a college degree
I made a sheet for what those jobs would be
whatever job they pick would yield a higher salary if its from the list, and this would mean that it would inevitably directly or indirectly result in more taxation from the government.
You're comparing the !8th century with the 21st.
Things just don't work like that anymore.
As I stated. National debt is merely a concept that manifests as numbers within a contrived global system.
Modern global debt is just an algorithm.
Nonetheless, who is the U.S. going to pay of it's debt to?
Especially with the U.S's spending demands and expectancies being so lavish.
Yes, but 40% of households earn an amount below that.
How does one direct these individuals to spend and invest?
"Only a college degree"? Who pays for the education? Who shows them where these better paying jobs are?
I made a sheet for what those jobs would beWhere?
And once again, if one's going to tax, then what's the point of providing the taxable portion?
What you say, sort of agrees with what I say. Though you might not care to admit it.
But if there was no such thing as debt, how would society organise itself?
I would suggest that it would require agreement,
Something that the human species is not collectively good at.
Debt and therefore economic and social disparity is what maintains social structure.
It's more than that, but if a household earns below $45 K per year, the low income people get shown where the better paying jobs are that are attainable for them as a means of increasing their salary and getting them out of poverty.
This would be more effective than the counterproductive war on poverty.
When people have excess money, they spend some of it and they invest some of it. Some of it they would save, and I factored that in the tax plan.
I'd have federal agents show the homeless people where the better paying jobs are that don't require a college degree. There's only half a million homeless in existence. Hiring 5000 federal agents to get the homeless out of poverty should take a little more than 3 months if each federal agent liberates 1 homeless person from poverty by showing them where better high school grad jobs are. The jobs are in a sheet. The homeless merely pick their favorite job from the list.
What do you mean from this?
How does one show them?
And how do you prevent crowding, or is the supply of available positions in this higher yielding jobs unlimited?
How much do they save and how much do they spend?
How much is allocated to both short term and long term savings? Where do they invest?
How much do you pay the federal agents?
Is that how long you anticipate it'll take to get the homeless out of poverty? Please elaborate on how you did your calculation.
What is the benefit of that particular income bracket if they're going to be taxed out of it?