Universal Basic Income Plans – their limited benefits and their freedom-crushing powers. There is a better way…

Universal Basic Income (UBI) – Musk, Zuckerberg, and now Richard Branson all support it in some form.

UBIs sounds good on the surface, but these plans are infected with the virus that could easily, over time, destroy freedom in America.

There is a better plan…

……………………………………

Billionaire Richard Branson Weighs in on Free Cash Handouts      Aug 16, 2017 – Excerpts:

 Billionaire entrepreneur Richard Branson is the latest in a string of iconic businessmen to talk about cash handouts, or universal basic income, as a solution to jobs being replaced by technology.

“With the acceleration of [artificial intelligence] and other new technology … the world is changing fast,” Branson writes in a post published this week.

“A lot of exciting new innovations are going to be created, which will generate a lot of opportunities and a lot of wealth, but there is a real danger it could also reduce the amount of jobs,” he says.

“This will make experimenting with ideas like basic income even more important in the years to come.”

______________________

The positive: Universal Basic Income (UBI) plans do provide a mechanism to deliver a basic stipend for people.  This monthly stipend is normally designed to replace certain social welfare payments, so it does allow for the direct allocation of resources by the people.

The negatives:  The UBI plans are very light on details regarding how much government assistance (social welfare) these plans would eliminate.  They may therefore have very little impact on America’s entitlement spending crisis.

UBI plans would do very little, if anything, to:

  • Eliminate vast tracts of debt at the family level.
  • Generate massive government tax revenue growth and trillion dollar government budget surpluses.
  • Reignite powerful economic growth in America.

Lastly, and most importantly, UBI plans, with their modest stipends, would keep people dependent upon government for their monthly handout trickle.  Government dependence means government control.  They would keep people shackled by debt to credit institutions.

UBIs would not advance the cause of economic liberty in America.  

UBIs would, over time, lead to a freedom-crushing control of government and land the banking industry over citizens.

………………………………….

The Leviticus 25 Plan, on the other hand, grants citizens a direct access to liquidity on scale that would deliver massive debt reduction at the family level.  It would therefore free citizens, significantly, from the shackles of debt.

It would generate massive tax revenue growth – with an astounding  $1.02 trillion in government budget surpluses over the first five years in force.

It would re-fire America’s economic engine, generating explosive growth with long-term sustainability.

It would allow for a citizen-centered health care system, providing citizens with the freedom to allocate resources directly for the majority of their primary care needs and basic out-patient healthcare services.

And most importantly:

The Leviticus 25 Plan would restore economic liberty in America.

The time is now…

The Leviticus 25 Plan 2018 –  $75,000 per U.S. citizen

The Leviticus 25 Plan 2018 (2475)

 

Fed QE Liquidity Transfusions (2008 – 2013): Billions in Free Interest to… Foreign Banks

A brief review of the U.S. Federal Reserve free money handouts to foreign banks:

How The Fed Is Handing Over Billions In “Profits” To Foreign Banks Each Year   Zero Hedge 2/11/13 – Excerpts:

Fed QE flows over the past 4 years, dating back to March 2009, show that foreign banks have been the primary recipients of “cash generated by Fed excess reserves.”

Small domestic banks and large domestic bank cash reserves have been flat to modestly higher (a ‘steady’ $800 billion) over the 4-year period, while “Foreign Banks” have nearly doubled their cash reserves during that same time – from the newly created reserves.

This was confirmed by the Fed itself, which in a paper from November 2012, admitted just this when it said that “the recent unprecedented build-up of cash balances by [foreign banks] was almost entirely composed of excess reserves.”

And where does this “foreign bank” cash ‘park itself?’

Answer:  These foreign bank excess cash reserves are parked at “Reserve Banks” – currently about $954 billion, earning 0.25% interest (which the Fed decided to start paying out in December 2008).

The “Fed paid some $6 billion in interest to foreign banks, in the process subsidizing and keeping insolvent European and other foreign banks, in business and explicitly to the detriment of countless US-based banks who have to compete with Fed-funded foreign banks and who have to fire countless workers courtesy of this Fed subsidy to foreign workers.”

“From December 2008 through the last week of January [2013], the Fed has paid out some $6 billion in cash (red line) to European banks simply as interest on excess reserves:”

“But that’s just the beginning. If we are correct in assuming that QE3 will be a replica of QE2 when all the new reserves created ended up as cash on foreign bank balance sheets, it means that we can quite accurately forecast what the total foreign bank cash position will be on December 31, 2013 (as the Fed will certainly not end its open ended monetization of the US deficit before then, or likely, ever). The result: just under $2 trillion in cash held by foreign banks operating in the US, which also means that in calendar 2013, the Fed will fund and subsidize foreign banks a blended interest payment of $3.5 billion! This is entirely separate from the $2 trillion liquidity subsidy that Bernanke will also have handed out to keep these banks afloat, and is $3.5 billion that will flow right through the P&L and end up in the pockets of offshore shareholders who otherwise would very likely be wiped out had it not been for the Fed’s relentless efforts to bailout foreign banks.”

____________________________

U.S. citizens deserve nothing less than the same direct access to liquidity that the Federal Reserve provided to foreign banks during the financial crisis (2008-2013).

It is time for U.S. citizens themselves to step up to the head of the line and receive their own credit extensions direct from the Federal Reserve.

It is our money, and we deserve the same direct access to it – through a Citizens Credit Facility.

___________________________

The Leviticus 25 Plan 2018 –  $75,000 per U.S. citizen

The Leviticus 25 Plan 2018 (2471)

U.S. Added $1.4 Trillion to the National Debt in Fiscal 2016. Meet the Economic Acceleration Plan That Generates $1.02 Trillion Budget Surpluses…

America’s debt storm is brewing.

…………………………………….

U.S Ends Fiscal 2016 with $1.4 trillion Debt Increase: Third Largest in History    ZeroHedge Oct 2, 2016 – Excerpts:

Submitted by Simon Black of Sovereign Man

The United States government closed out the 2016 fiscal year that ended a few days ago on Friday September 30th with a debt level of $19,573,444,713,936.79.  That’s an increase of $1,422,827,047,452.46 over last year’s fiscal year close….

In fact, the 2016 fiscal year had the THIRD largest increase in government debt in US history. The only two previous times in which the debt increased more than the 2016 fiscal year were during the financial crisis.

But there was no financial crisis in 2016. The government didn’t have to spend hundreds of billions of dollars to bail out the banks. All things considered, 2016 was a pretty normal fiscal year for the federal government. There were no major emergencies to drain taxpayer funds.

Yet they still managed to blow $1.4 trillion because this level of waste and spending is now baked into the system.

Even if they dramatically slashed spending and got rid of entire departments of the federal government, they would still be hemorrhaging cash at a rate far greater than the economy can now possibly grow.

Social Security and Medicare are now the largest parts of that financial sinkhole, and according to their own projections, their drain on the budget is growing each year. All other government spending COMBINED pales in comparison to Social Security and Medicare…

These programs consume the vast majority of US tax revenue, forcing the government to borrow mind-boggling amounts of money to fund its operations, even in good times. (Just imagine how much the debt will grow when times get tough again.)

What’s even more crazy is that Social Security and Medicare aren’t even properly funded. Both are rapidly running out of money. The programs’ annual trustee reports show that their primary trust funds will become completely depleted starting in the next few years. In fact one of Social Security’s major trust funds for Disability Insurance was actually fully depleted last year. So even though these programs are already draining taxpayer resources and forcing the government to take on more and more debt, they are in need of a HUGE bailout.

This leaves precisely ONE option: default… but on whom?

______________________

Actually, there is a SECOND option, one that has the raw power to generate massive new government tax revenues (federal, state, local) and slash expenses and… present us with a $1.02 trillion budget surplus for each of the next five year.

The Leviticus 25 Plan will eliminate massive amounts of debt at the family level, restore economic liberty, solve the entitlement crisis, and reignite America’s economic growth engine.

The Leviticus 25 Plan 2018 –  $75,000 per U.S. citizen

The Leviticus 25 Plan 2018 (2464)

 

 

The U.S. Health Care Freedom Plan: “If you like your ObamaCare, you can keep your ObamaCare.” Every other U.S. citizen will receive an ACA exemption and $25,000 in a qualified MSA.

The Affordable Care Act (ACA), or “ObamaCare,” was signed into law on March 23, 2010, with most of its provisions going into effect on January 1, 2014.  Over the past three years, despite billions of dollars in back-end subsidies to the insurance industry, major insurers have been losing money on ACA plans and abandoning state exchanges. Centers for Medicare and Medicaid Services (CMS) reported that for ObamaCare’s second benefit year (2015), it would need to make “$7.8 billion in reinsurance payments to 497 of the 575 participating issuers nationwide,” due to contribution deficits versus payment requests within the industry (Kaiser Foundation Aug 17, 2016).

Insurance companies went on to lose approximately $2 billion on the exchanges in 2016.  United Healthcare, one of the largest insurers in America, anticipated an $850 million loss and announced plans to pull out of 27 of the 34 plans where it had been offering coverage.  Rivals Aetna, Anthem, and Humana each projected $300 million in ACA plan losses, with Aetna bailing out from 11 of 15 states (Bloomberg, Aug 17, 2016).

Cooperative health insurers like CoOportunity Health (Iowa, Nebraska), created with federal dollars under the ACA, began collapsing in 2015, rolling across the country from New York to Oregon. By August 2016, only seven of the original 23 co-ops were still operational (Forbes, Oct 29, 2015).

Healthcare premiums for consumers have been rising at double digit percentages for the past four years.  ObamaCare’s 2017 rate increases, finalized in October 2016, included an average cost increase of 25% nationally (Kaiser Family Foundation). The 10 hardest hit states are seeing premium increases average in at “62% while Arizona is officially the biggest loser with rates in Phoenix soaring 145%.”

Over a million middle class Americans have dropped coverage each of the past two years due to burdensome price increases and skyrocketing deductibles. “ObamaCare, according to the liberal New York Times (Oct 2, 2016), is “too expensive and inaccessible.”

Healthcare providers and institutions are being squeezed hard by ObamaCare penalties and reduced payment rates.  Physicians have been negatively impacted by reimbursement cuts, and ObamaCare’s non-clinical burdens and paperwork have forced many medical professionals into spending more of their precious time responding to the federal bureaucracy and less time with patients (CNN Jan 17, 2017).

A recent analysis by the Kaiser Foundation (Mar 10, 2017) estimated that 79% of hospitals in the U.S. will be hit with ObamaCare penalties totaling over a half billion dollars in fiscal 2017.

Finally, the sheer magnitude of ObamaCare’s administrative costs have been stunning.

Federal government data for establishing and operating the ACA exchanges included “costs to the federal government of operating the federally-run exchanges, federal grants to states to establish their own exchanges or for expenses relating to coordinating with a federally-run exchange, and CMS’ administrative costs related to those grants.”

In the ACA roll-out year, 2014, “The total federal cost for the ACA exchange program was $9.75 billion to enroll 6.34 million people,” a per capita administrative cost of “$1,539 for the federal government, excluding administrative costs to the insurers for enrolling and serving those individuals.” The federal administrative cost for “merely establishing the exchanges to obtain enrollees” was therefore “more than triple the total administrative cost ($414) to insurers of both enrolling and providing coverage for individuals prior to the establishment of ACA exchanges” (American Action Forum Dec 31, 2016).

Obamacare is further expected to add a massive “$273.6 billion in additional insurance overhead… an average of $1,375 per newly insured person, per year, from 2012 through 2022” (Health Affairs Blog, May 27, 2015). This overhead bonanza represents “a whopping 22.5 percent of the total estimated $2.76 trillion in all federal government spending” for the ACA during that period, according to the report’s authors.

ObamaCare is not sustainable. America needs a fresh new start in healthcare.

Congress must develop a ‘citizen-centered’ replacement model which maximizes quality and accessibility for the greatest number of Americans.  This model should redirect the hundreds of billions of dollars wasted in administrative overhang into individual Medical Savings Accounts (MSAs) for citizens to allocate directly for personal healthcare needs, specifically routine primary care and outpatient services.

The hundreds of millions of healthcare transactions each month for primary care, prescriptions, and other services should ‘not’ be run through a big-government, bloat-heavy, labyrinthine system.  Routine expenditures can, and should, appropriate ‘direct-pay’ corridors.

The U.S. Health Care Freedom Plan offers a comprehensive new dynamic to meet those ends.  It improves access and affordability and reestablishes genuine patient-provider relationships.

It comes with an added benefit:  “If you like your ObamaCare, you can keep your ObamaCare.”  Every other U.S. citizen will receive an ACA exemption and $25,000 in a qualified MSA.

The U.S. Health Care Freedom Plan honors the counsel of Buckminster Fuller:  “You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.”

……………………………………

The U.S. Health Care Freedom Plan is the only comprehensive, citizen-centered health care plan in America.  It ‘resets’ the health care industry to present a clean, efficient and responsible system.  Most importantly, this plan restores individual freedom and liberty for all participating Americans.

ObamaCare … ‘on the ropes.’ The U.S. Health Care Freedom Plan – Clean, Affordable, and Ready to Launch

Welfare Reform 2018 – It is time to end poverty with a powerful new ‘Hand Up’ strategy: The Leviticus 25 Plan

America’s status quo, ‘dead-in-the-water’ social welfare ‘hand out’ programs keep citizens mired in poverty and do little, if anything, to counter the social decay afflicting the underclass…

……………………………………………..

Welfare | Solutions 2016: Expert Analysis, Powerful Messages …

solutions.heritage.org/entitlements/welfare/

Facts and Figures


  • Today, the U.S. spends 16 times as much on welfare as it spent in the 1960s—about four times the amount needed to pull every poor family out of poverty—yet the federal poverty rate remains nearly unchanged.
  • Total spending at all levels of government on the roughly 80 federal means-tested welfare programs, which provide cash, food, housing, medical care, and social services to poor and lower-income Americans, is over $1 trillion annually.
  • Welfare is the fastest growing part of government spending. Between 1989 and fiscal year 2008, means-tested welfare spending increased by 292 percent.
  • In 1964, only 7 percent of births in America were outside marriage. Today, this number has climbed to more than 40 percent. Children in single-parent homes are more than five times as likely to be poor compared to their peers in married-parent homes.

__________________________

The Leviticus 25 Plan grants U.S. citizens the same direct access to liquidity that was provided to major U.S. and foreign banks and insurers during the great financial crisis (2008-2012).

Example:

Bloomberg:  Morgan Stanley, facing a crisis of confidence after the fall of Lehman Brothers Holdings Inc., got a $9 billion injection from Japanese bank Mitsubishi UFJ Financial Group Inc. and agreed to take a $10 billion bailout from the U.S. Treasury to shore up capital. As hedge-fund customers pulled funds out of the New York-based firm, it plugged the hole with $107.3 billion of secret loans from the Federal Reserve’s Primary Dealer Credit Facility and Term Securities Lending Facility, set up earlier in the year to supply brokerage firms with emergency financing.”

Peak amount of Debt on 9/29/2008: $107B

The Leviticus 25 Plan is America’s one and only powerhouse economic acceleration plan.

It grants all U.S. citizens the same direct liquidity access and a path to economic liberty.

For Americans living in poverty who wish to participate it offers a life-changing ‘hand up’ out of poverty – to a better life.

The Plan generates $1.02 trillion budget surpluses for each of the initial five years running.  It re-ignites America’s economic engine; it reincentivizes work and rewards ingenuity.

It is time for a powerful new economic strategy in America.

The Leviticus 25 Plan 2018 –  $75,000 per U.S. citizen

The Leviticus 25 Plan 2018 (2454)

F.A. Hayek: “Once wide coercive powers are given to governmental agencies for particular purposes, such powers cannot be effectively controlled by democratic assemblies.”

Big government central-planning is not the solution for America’s social and economic health.  It is the problem.

The Leviticus 25 Plan provides the comprehensive mechanism for decentralization in America, shifting the U.S. to a ‘citizen-driven’ economy and a ‘citizen-centered’ healthcare system.

This ‘decentralization’ would optimize the natural efficiencies of  the marketplace:  “We need decentralization because only thus can we insure that the knowledge of the particular circumstances of time and place will be promptly used.”  – F. A. Hayek

It would protect the freedom to allocate resources which are consistent with an individual’s personal values: “A society that does not recognize that each individual has values of his own which he is entitled to follow can have no respect for the dignity of the individual and cannot really know freedom.”  – F.A. Hayek

“Once wide coercive powers are given to governmental agencies for particular purposes, such powers cannot be effectively controlled by democratic assemblies.”   – F. A. Hayek

The Leviticus 25 Plan would help protect citizens from the unrelenting creep of government coercion and control: “It would scarcely be an exaggeration to say that the greatest danger to liberty today comes from the men who are most needed and most powerful in modern government, namely, the efficient expert administrators exclusively concerned with what they regard as the public good.”    –  F. A. Hayek

The Leviticus 25 Plan safeguards individual freedom and liberty for All Americans.

The Leviticus 25 Plan 2018 –  $75,000 per U.S. citizen

The Leviticus 25 Plan 2018 (2435)

Aug 2018 – Greenspan’s second warning: “I don’t know how it’s going to resolve, but there’s going to be a crisis.”

Greenspan’s latest warning is one more ‘wake up call’ for America.

………………………………………

ZeroHedge, Aug 1, 2017:  Former Fed chair Alan Greenspan blasphemously warned a year ago of an “imminent crisis”:  “This is the worst period, I recall since I’ve been in public service. There’s nothing like it, including the crisis – remember October 19th, 1987, when the Dow went down by a record amount 23 percent? That I thought was the bottom of all potential problems. This has a corrosive effect that will not go away. I’d love to find something positive to say.”

………………

The issue is essentially that entitlements are legal issues.  They have nothing to do with economics.  You reach a certain age or you are ill or something of that nature and you are entitled to certain expenditures out of the budget without any reference to how it’s going to be funded.  Where the productivity levels are now, we are lucky to get something even close to two percent annual growth rate.  That annual growth rate of two percent is not adequate to finance the existing needs.

I don’t know how it’s going to resolve, but there’s going to be a crisis.

“By any measure, real long-term interest rates are much too low and therefore unsustainable,” the former Federal Reserve chairman, 91, said in an interview.

“When they move higher they are likely to move reasonably fast. We are experiencing a bubble, not in stock prices but in bond prices. This is not discounted in the marketplace.”

However, Greenspan argues that stocks will suffer with bonds, as surging real interest rates will challenge one of the few remaining valuation cases that looks more gently upon U.S. equity prices..

“The real problem is that when the bond-market bubble collapses, long-term interest rates will rise…”

“… I’m known as a gold bug and everyone laughs at me, but why do central banks own gold now?”

_______________________

America needs a dynamic new approach to our looming entitlement crisis and the economic drag of stagflation.

There is one economic acceleration plan with the raw power to reignite economic growth, tame inflationary pressures, and the provide positive incentives needed to substantially reduce dependence on government and entitlement budget pressures.

The Leviticus 25 Plan provides a mechanism for massive debt elimination at ground level and the restoration of financial health for American families.

It will generate $1.02 trillion budget surpluses over each of the next five years, while at the same time providing powerful revenue growth and cost savings for states and municipalities in the U.S..

There is no other economic plan anywhere – with the raw power of this plan.

The Leviticus 25 Plan is a dynamic economic initiative providing direct liquidity benefits for American families, while at the same time scaling back the role of government in managing and controlling the affairs of citizens.  It is a comprehensive plan with long-term economic and social benefits for citizens and government.

The inspiration for this plan is based upon Biblical principles set forth in the Book of Leviticus, principles tendering direct economic liberties to the people.

The Leviticus 25 Plan 2018 –  $75,000 per U.S. citizen

The Leviticus 25 Plan 2018 (2433)