- Steven Rappolee
- Fort Gratiot, MI
- United States
carbon taxes placed every year in an invested sovereign wealth fund for children born that year and every year after.
the fund would be controlled by the
social security administration and the federal reserve board.
the fund would be invested in world capital markets and not in
** Individuals would never have control over the principle and interest over their accounts except in extraordinary circumstance.
#1 $200 billion per year in carbon tax divided by 4 million newborn
children equals $50,000 per child.
#2 $50,000 at 7% growth rate x 60 years would have $3,293,876.56
assuming no annual additions.
#3 why no additions? the newborn child when of working age must pay
their payroll taxes into the old SSI system!( to pay for SSI for those of us alive today)
#4 $ 200 billion every year x 7% growth rate equals out in 60 years to
$199 trillion! This is an astronomical sum.
#5 In 60 years no one would qualify for any social welfare program
after 60 years of age saving untold billions in tax revenue, this is
revenue neutral but over generations
#6 $199 trillion invested in the worlds capital markets will bring
world poverty to a fast end and bring world birth rates down
#7 The carbon tax will not be forever, this sovereign wealth fund must
become perpetual through cross generation funding of newborn children
from the fund itself in 50 to 60 years from now. Starting 60 + years from now children born in those years and after would receive their $50,000 from the carbon tax if it still exists and the remainder from their parents or grandparents sovereign wealth fund accounts.
#8 50 to 60 years + from now federal income tax receipts will sky rocket from the retirees receiving $150,000 income.
** $3,293,876.56 x (10%) = $329,387.656 The individual would be entitled to 40% of this.or about $131,754.8 per year, 100 years after enactment no one over 60 or even an early retiree would be in poverty