2020-05-03 19:02:53 UTC
Then the minimum wage pays the same after taxes. So you have double that if you work.
Actually both will be based upon a percentage of per capita GDP of the County.
$2,500 x 12 months = $30,000 per year.
$30,000 x 333,333,333.33 citizens = $10,000,000,000,000 = $10 Trillion.
Nationwide GDP is $20,000,000,000,000 - $20 Trillion.
IRS Reports incomes of $7,000,000,000,000 = $7 Trillion.
Where is the other $13 Trillion? Is that debt spending or savings spending, or what??
Can anyone find it!?
It's what we buy as a nation that matters. If we support the bottom, then we
build what we need at the bottom.
General principal of employee labor law is the work not be unnecessarily
dangerous, injurious, painful, or unsanitary. But with employee advisement and
not having to work, only working to make double extra the money, this would be
less of an issue. No one would be an exploited slave. Unless the support was
insufficiently low - a betrayal of the public trust, or mere pure poverty.
Commerce is inherently exploitative.
At $2,500 per month, one could afford a $200,000 home loan on property, which is
$1,250 per month, and have $1,250 per month left over to live on.
We need 100% LTV, No Doc loans on Primary Conforming Mortgages:
Conforming loan limit map - $510,400 most places:
The payment should never be allowed to change without a refinance. If you want to
get the payment low you can go to a 250 year fixed which is equivalent to interest
only, and will make the payment permanently low. The house price doubles in 30
years, but the loan is not paid off with a 250 year term. If you want a teaser
rate, a low interest rate for 5 years and then a rate change you should have to
have a payment based upon the blended rate so you build all the equity at the
beginning. No adjustable mortgage payments should ever be allowed for homeowners.
"No Doc," is a necessity. The two years work history requirement is what makes it
impossible to buy today though one can rent. No one should have to rent their
primary residence. And in America no one should go hungry and no one should go
Fannie Mae "HomeReady," and Freddie Mac "Home Possible" currently allow 97% LTV:
, We could make 100% for conforming primary loans.
We make something out of something. We make nothing out of nothing.
We should not have starving children or students in America. This society has not
been supportive enough of its people, I say. Everyone should get $2,500 per month
to live on, have a minimum wage double it, and tax more above that. The bottom
should not be 0 Zero. Nepotism should not be all that is. Again $2,500 is just
an approximation for an industrial urban area, and both the payment and the
minimum wage (which at the bottom ends up being 80% of gross pay) should be based
upon a percentage of the Per Capita GDP of the County. (Perhaps it could
ultimately up to 90% of gross pay if this plan substitutes for Social Security).
Our Legislators need the support of their constituents to get anything going. Feel
free to use and modify and re-post this message or send it to your representatives.