This is neither a joke nor a get rich quick plan for national economies. And it does work. The core concept can be summed up in the phrase, “Hire everyone; do not hire someone.” The attempt here is to leverage both free market capitalism and the best brain power (educational system) together in a single format for creating extraordinarily large sums of money by the production of intellectual capital useful to nations for creating both 1. Streams of savings (cost-cutting) and 2. New streams of income 3. Both kinds of streams should be placed into an irrevocable trust, which invested in the global markets (best of breed purchases only, 20% in gold/ silver, well diversified). This money is then used, when it matures significantly, to pay down the tax base for taxpayers. If you taxes get lower over time, you draw foreign investment, and your total tax dollar volume goes up.
How do you create the streams of savings/ earnings? The governmental body in question [Nation, state, city, or municipality] posts on its website a form to be sent to a specified address, where the proposal created by the “proposee” is reviewed by a committee for feasibility. The website offers to pay 10% to the party responsible for a successful (accepted and deployed) proposal, for creating a stream of income and/or savings.
Example. Several years ago, I read in a newspaper that the SF bay area passenger train system (B.A.R.T.) carried 400k passengers daily, and that they had a rule “No food or drink on the trains.” They earned 180 million USD each year from ticket sales from their 35 stations. This was their only source of income. My proposal, emailed to the BART board of directors was this:
Change your food and drink rule to, “No food or drink allowed on trains except coffee cups with a lid.” Then farm out your 35 stations to a coffee company of your choice, which sets up shop at each one, selling a two dollar cup (once in the morning and once in the evening), and an occasional muffin wrapped in cellophane or a 4 dollar white mocha. This would earn an estimated 1.2 – 1.5 million per day, given the World Coffee Council’s 54% listing for the number of Americans that drink coffee. And it’s higher in metro areas like SF.
All BART had to do was hire one person (a comptroller) and send him around to drink free coffee and eat free muffins all day, merely making sure no one was — as we say — cooking the books. This names “irregular accounting” in the world of Elliot Spitzer (a very expensive practice). This would earn BART some .8 million per day, which could then be used to pay down their tickets prices, say, 50%, driving an enormous number of people off the streets and onto the trains (esp. with high gas prices) — to drink yet more coffee. It’s a vicious cycle without all the vice. Flush with new cash, BART would then be free to build more stations, and sell more coffee.
This kind of proposal simply notices opportunity cost, how we lose money by not doing something profitable. Here, it turns unused foot-traffic into a wildly profitable stream of income. Now suppose a government (let us say, France) gets very enlightened and offers a 10% commission on any such proposal turned into to its “proposal review committee,” and finds one person’s proposal to generate over the next ten years 10 billion dollars by helping it maximize some of its resources. It then pays out 1 billion to the propose. This creates the “lottery mentality.”
Think of the results. Retired scientists gather together to form research groups, and promote brilliant new ideas. People from all over the world do likewise. France is flooded with new money. New students rush to take an economics degree at universities. Instead of spending their thesis efforts on theoretical empty-space, they use it to promote new streams of income and savings for several nations — and retire once paid.
Hire everyone, not “someone.” The cost is only “cost of legislation,” and “proposal review.” That’s it. The opportunity cost of not doing this runs in the trillions of dollars worldwide. We have some 250 nations now. The US budget alone is trillions of dollars now.
How the US can solve the social security Apocalypse crisis. 1. Do a cost-benefit analysis to find those agencies or bureaus that cost the most and yield the least ROI over the past 40 years. Make a list of the top ten most expensive, and sell them to the public in an IPO (initial public offering) and if the market declines it, simply abolish it. Take the money from the IPO’s and the cut budgets and use them to overfund the SS system by 20%. Then pay out 120% to the ones who have paid in the longest (the golden handshake) and boot them from the system. Do the same for the remainder of payees, down to those just entered, and cease the obsolete system — with everyone happy for it, and no implosion scheduled for 2033 will ever get the entire congress fired — the present Social Security (apocalyptic) option.
How to create Billions more for your country. Stake the Vampires. Replace both the capital gains tax and the income tax with an alternative form of taxation — the national sales tax. This renders taxation voluntary, since you only pay when you spend (All 50 U.S. states do this right now). Then systematically replace all other forms of taxations with the national sales tax. This abolishes the IRS and uses a system of taxation already in place. It simply replaces the many state tax rates with a uniform tax rate, and the many involunatary kinds of taxation with a voluntary one. The rich pay more b/c they have more to spend. The poor could be issued a card which revokes their tax when swiped at the store terminal.
This evenly layers the payment of tax throughout the year instead of creating the April 15 bottleneck. Under the present tax nightmare, some 45% of the people choose to pay no income tax, assuming the IRS has bigger fish to fry. The cost of acquiring these lost taxes “taxes” the IRS — is expensive. The 45% would all pay their voluntary tax load under the new approach, increasing the total tax revenues, with no cost of chasing cheaters. It also greatly simplifies the tax code, since you pay everything you owe at the time you spend your money.
This means you keep every dollar you earn at work and every dollar you make investing in the market. And you pay no recurring tax for owning real estate (just a one-time sales tax). Two words: BOO YAH.