Re: More Green Party

Date: Fri Jun 30 2000 - 12:20:48 MDT

Damien Broderick <> wrote:
> At 05:23 PM 29/06/00 -0700, James wrote:
> >you need to start with an
> >enormous positive cash balance to make the system economically viable; a
> >Ponzi scheme would quickly collapse and the taxation required would
> >destroy the economy.
> I find this hard to belive. After all, you already pointed out that
> providing the net direct to the poor would halve the current costs.
But you're providing it to far more people.

US population= 2.5e8
Say minimum income = $6e3
Annual expenditure: $1.5e12
Capitalization needed (assuming 5% return) = $3e13 = $30 trillion

Current US Federal revenues ~= $1.72e12
Current US Federal expenditures ~= $1.65e12
Current US GDP ~= $8.5e12

I don't know what the capital held by the US or the world are.

> >very bad economically about "taxation-for-welfare" systems. The government
> >has not figured out a way to support the non-productive without causing
> >adverse economic impacts on the individuals they are taxing.
Is supporting the non-productive through welfare more or less adverse than
supporting them through the prison system?

-xx- Damien X-)

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