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An innovative approach to easily accomplish the goals of the Living Income Guarantee

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Tyrone Thomas Jr.

My name is Tyrone Thomas Jr. I am a visionary and social entrepreneur who would like to significantly help others live a better life and contribute to making the world a better place for our present & future generations. I have come to realize that considering the available technology and vast resources on this planet to eliminate poverty; we are all either part of the problem or part of the solution.
It is now a popular opinion in America that one of the best ways to fix the inequality and poverty problems is to tax most of the rich people’s money and give it to the poor. That just inflames "class warfare" and gets people yelling about "socialism."
Another popular way thought to fix these problems is to persuade rich people and businesses that it’s in their best interest to share more of their wealth by paying employees more money. But history shows us that this will not happen voluntarily and when forced to do so, numerous methods to counter the profit losses are put into action. This method also usually causes inflated prices. For most businesses, paying more in wages only works if it is justified by bottom line profits.
Instead of continuing the efforts to force rich people to give up their money through higher taxes, raising the minimum wage, escalating the conflict between Democrats and Republicans on Sequester issues or increasing spending cuts to social net programs to reduce the federal deficit…Let’s do it differently, by creating a system that benefits the government, businesses and everyone in society including the rich, in a way that reduces income and economic inequality while having a positive impact on other problems without the unnecessary begging, sacrifices, politics, new laws that will not work as intended and empty promises.

With that said, I would like to introduce the “United Shared Savings Network” …an idea that disrupts the status quo and transforms our world for the better.
Please take a moment to consider the following:
Rich people make money by investing and reinvesting their money in things that create a profit which provides them with passive income.
Most Middle class people earn a living by working on a professional mid to high level paying job or own a business which provides a similar income. Some of them have enough disposable income to accumulate savings in a financial vehicle which pays interest and/or use it to make investments that create a profit. The outcome of both methods is passive income.
What both of these groups have in common is the financial capability to create a passive income. For the middle class this is a stairway to becoming wealthy or rich and immune to poverty due to unemployment, a declining economy, a lack of education or an unfortunate life event.
In stark contrast, poor people do not have the luxury of disposable income which could provide an economic opportunity to accumulate savings or make a sufficient capital investment in anything which could produce a profit or passive income. For them it is usually a daily, weekly or monthly struggle trying to keep food on the table and a roof over their head. Most of them rely on one or more social service or entitlement programs to accomplish this goal. This means they do not make enough money to supply their basic everyday needs.
The purchase or sale transaction of a product or service whether it’s tangible or intangible, is how people and businesses make money.

All people participate in these product and service transactions, but unfortunately 80% of the people do not benefit from this activity above the level of wage earner. Here in America the end result is 20% of the people possess over 90% of all financial assets and respectively the top 1% has 43%.
After analyzing these two important realities with keen focus on the bigger picture, we determined that the best common sense way to reduce poverty along with extreme income and economic inequality is to provide an opportunity where all people including the very poor, elderly, unemployed, handicapped and disabled could participate in earning income from their current and future purchasing activity. This will literally level the income opportunity playing field for everyone, while greatly enhancing the efforts to create jobs and provide more training and education opportunities for those in need. By no means will the United Shared Savings Network attempt to make poor people become wealthy or rich , but only to bring them to a point of existence sufficiently above the poverty level and provide an opportunity for further advancement in society without resorting to crime or relying on public assistance.
The basic idea of the United Shared Savings Network concept is to redirect a small percentage of purchasing activity profits back into the pockets of the purchasing consumers for them to spend again. It’s sort of a self-perpetuating stimulus package that funds itself from something that everyone is already doing which makes corporations and rich people prosper. There are several ways we could achieve this within the framework of United Shared Savings Network, but we leave that issue for a future conversation.
Through the United Shared Savings Network, this wonderful concept will produce the following results:
(A) Eliminate poverty in households of the lower income.
(B) Cover the cost of Health Care Insurance Premiums for the uninsured.
(C) Allow large and small businesses to participate in significantly giving back to society while dramatically changing lives of the customers who shop with them and keep their doors open.
(D) Provide lower income households with sufficient capital to get in the game of investing, business ownership, home ownership and much more.
(E) Allows more lower and middle class people the financial ability to pay off educational expenses and consumer debts.
(F) Justify voluntary wage increases due to increased profits for businesses.
(G) Create new jobs due to a higher demand for better products and services and healthier foods.
(H) Accelerate Economic Recovery
(I) Encourages new investments in Housing, Manufacturing and other things that have a positive impact on overall Economic Growth.
And the list goes on……..
The United Shared Savings Network program will bring about a full circle effect of profit redistribution that will benefit everyone in society without changing anything. We simply tweak what already exists by maximizing the benefits of cash back, rebate, reward and electronic coupon programs already offered by current businesses.

How It Works
1. Our members join a number of participating Cash Back, Rewards, Loyalty, Rebate, Discount Club or Coupon Savings Programs available in the market that offers the cash back option a check or electronic payment into an account of their choice.

  1. Our members designate the “United Shared Savings Network” as payee for the cash out option, which authorizes an automatic transfer of their cash back into the United Shared Savings Network group account.

  2. At the end of every month “United Shared Savings Network” re-distributes the accumulated group savings back to all members on a structure that allows each member to ultimately receive a payout of up to $2,500 per month as new members join the program.

Our uniquely designed program is the only concept that will easily work in concert with existing systems, does not cause inflation, does not hurt retail businesses and does not punish the rich or diminish the idea of capitalism.
In order for this program to work properly for everyone in society, the lower income people must be plugged in first, but no one should be forced to join; it has to be completely voluntary for everyone.
Additionally, unlike many existing programs, every household will qualify and everyone is welcome.
The “United Shared Savings Network” business model will:
(A) Reduce income and economic inequality in a way that benefits everyone in society.
(B) Help solve many existing problems from reducing the Federal Deficit to eliminating Poverty.
(C) Create economic growth; and
(D) Result in a more stable, peaceful and progressive economy for the good of society as a whole.

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Marlen Vargas Del Razo

Hi Tyrone. Thanks for sharing this alternative, however as Living Income Guaranteed we don't directly endorse this kind of solutions as it undermines the necessity to look at the problems and flaws within the current system so that we can solve them and give a new direction to the system, which means we don't want to only 'give money' and leave the system as is, as that would be once again falling in the trap of creating economic solvency without addressing the problems that exist within the structure of the economic and political system as it exists now.

Therefore, I suggest you read the Living Income Proposal for further information about the solutions that will have to be implemented hand in hand with providing to each other the right to life as part of our share in the economy. In the end we would not require this kind of solutions you propose as they are temporary and more like a business-structure which in no way is related to the provision of the right to life through money as a living income, which means you get it by virtue of being a citizen in a particular nation. Bottom line is: we should not be struggling to make a living and shouldn't struggle to have to live up saving money to live either - however it can serve for people to cope through the current situation in the meantime until a Living Income guaranteed system is in place.

Thanks for sharing

Living Income Guaranteed - The Proposal: http://livingincomeguaranteed.files.wordpress.com/2014/04/lig-proposal-first-draft-2013.pdf

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Tyrone Thomas Jr.

Thanks for your response and at least the insight to see that the United Shared savings Network could serve the people well while waiting for the system to change for the better with ideas like you present.

In reading your full proposal, I personally think your plan has a much less chance of coming to reality, because it calls for changing the entire social, economic and political systems which has been in place for over 75 years and the principals of capitalism for which this country was founded upon.

The United Shared Savings Network will work with and within the current system and circumvents the necessity to change the things that you mention in your proposal, because it will takes people out of living in poverty and dependence on government sponsored social net programs and maintain them at a level of income which will keep them from needing food stamps and housing assistance to survive.

Common sense dictates that this is a much better plan and certainly the short way around the block to arrive at the some bottom line as what you propose.

No worries though, I understand the reason you must protect your idea as the way to accomplish what you seek, but I think we should all work together and support each other as long as we are traveling in the same direction.

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Leila Zamora Moreno

Hi Tyrone and thanks for sharing your idea. As Marlen said, we have a different approach as we're not just trying to create a life-vest that one holds on to within the current system, but want to make substantial changes whilst making a statement.

Feel free however to place any links here where interested readers could find more information pertaining your initiative.

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Tyrone Thomas Jr.

Thank you for your open invitation for the chance to display more information on the United Shared Savings Network and please forgive me for the typo's in my posts...I am an innovative thinker, not a detailed writer.

I have reviewed a number of plans about redistribution of wealth to make the world a better place for more people and all of them call for what seems to be the impossible....changing the social, economic and political systems. If even possible, these ideas are the long way around the block, will take far too long to accomplish and quite frankly a major distraction from more plausible innovative ideas that will actually work to accomplish the same bottom line goal in a shorter period of time and with far less investment and resources.

There now exist a concept that can successfully reduce poverty and income inequality through a redistribution of wealth plan, but will not disturb the beauty of capitalism upon society and will not as many think is necessary.... take from the rich and give to the poor in order to fund it.

That solution is the concept of the United Shared Saving Network and the creator wishes to make it owned by the people, not some rich individuals, corporations or the government, because we will end up where we started if the profits, power and control go to either them rather than the common people in society. If the company and its assets are owned by the common people, then we also help solve the issue of a lack of widespread ownership in the fabric of America.

Perhaps at some point we can attract those great minds working on other social impact projects to participate in the ongoing development of the United Shared Savings Network, but that may not happen until they finally realize the horse they are riding can not finish the race or if it does a new race has already started.

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Tyrone Thomas Jr.

I forgot to add that in order to receive the benefits as a member of the United Shared Savings Network, you must be employed, enrolled in some educational or training program, a veteran, retired, handicapped or have some disability that prevents you from being able to be employed or educated.

I think this was important to mention since many people would get the misunderstanding that we do not care about the potential negative impact upon society of simply providing money to those who put forth no effort to earn it.

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Tyrone Thomas Jr.
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Leila Zamora Moreno

Done!

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Tyrone Thomas Jr.

We love and support what the Living Income Guarantee is proposing to accomplish, but for right now
IS INCREASING THE MINIMUM WAGE THE SMART CHOICE?

A large number of studies have found that minimum wage increases are ineffective at reducing poverty for various reasons and they all suggest finding an alternative is the better option.
http://epionline.org/studies/120228_EPI_CanRaisingtheMinWageReducePovertyandHardship.pdf

The United Shared Savings Network offers a much better solution to the problems trying to be immediately solved and without the negative economic impact upon society.

Increasing the minimum wage from $7.25 to $10.10 will provide an extra $2.85 per hour which equates to an income increase of only $416.00 per month for those who work 40 hours per week. In reality this approach falls short of the underlying intended goal of effectively reducing poverty or income inequality across the board as it only applies to those fortunate enough to have a job…. it excludes a significant number of people that seriously need help.

The United Shared Savings Network takes a “NO FAMILY LEFT BEHIND APPROACH” by offering an income increase of up to $2,500.00 per month whether you work 40 hours per week or not and also provides this income to the following people:

(1)Those who are unemployed, as long as they are enrolled in some educational or job training program.
(2) Veterans.
(3) Retired Sr. Citizens
(4) Those that are handicapped or have some disability that prevents them from being able to
be employed or educated. IS INCREASING THE MINIMUM WAGE THE SMART CHOICE?

A large number of studies have found that minimum wage increases are ineffective at reducing poverty for various reasons and they all suggest finding an alternative is the better option.
http://epionline.org/studies/120228_EPI_CanRaisingtheMinWageReducePovertyandHardship.pdf

The United Shared Savings Network offers a much better solution to the problems trying to be solved and without the negative economic impact upon society.

Increasing the minimum wage from $7.25 to $10.10 will provide an extra $2.85 per hour which equates to an income increase of only $416.00 per month for those who work 40 hours per week. In reality this approach falls short of the underlying intended goal of effectively reducing poverty or income inequality across the board as it only applies to those fortunate enough to have a job…. it excludes a significant number of people that seriously need help.

The United Shared Savings Network takes a “NO FAMILY LEFT BEHIND APPROACH” by offering an income increase of up to $2,500.00 per month whether you work 40 hours per week or not and also provides this income to the following people:

(1)Those who are unemployed, as long as they are enrolled in some educational or job training program.
(2) Veterans.
(3) Retired Sr. Citizens
(4) Those that are handicapped or have some disability that prevents them from being able to
be employed or educated.

https://www.facebook.com/unitedsharedsavingsnetwork

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Christopher Wells

Hi Tyrone,
I will answer your questions in two posts.

“We love and support what the Living Income Guarantee is proposing to accomplish, but for right now IS INCREASING THE MINIMUM WAGE THE SMART CHOICE?”

Research has shown that a higher minimum wage can raise poverty, but it can also lower it. The implication for policy is that in order to be able to reach a judgment about whether a minimum wage would make things better or worse in poverty terms in a given setting, the analyst must know the values of these parameters.

Thus the view that a higher minimum wage is good because it raises the wages of those employed, and the view that a higher minimum wage is bad because it increases unemployment are both simplistic. Because the minimum wage does not take into account the recent structured changes (automation) of different sectors of employment and skilled people who are trapped in underemployment (a job that does not take require a bachelor degree).

Minimum Wage and Poverty
http://www.arts.cornell.edu/poverty/kanbur/fieldskanburminwage.pdf

(Bonus Supplement Material)
US Bureau Labour Statistics 2013 - Characteristics of Minimum Wage Workers
http://www.bls.gov/cps/minwage2013.pdf

It is clear that the minimum wage debate is going to get us no where. We need to come up with a better solution than simply raising the minimum wage thinking it will solve poverty. Its time to take the “bull by the horns” and steer this country in a new direction. I like your post because you base your decisions on math, logic, and reason backed by evidence.

But so do I (^▽^) muahahaha...

Thanks
Chris Wells

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Christopher Wells

Hi Tyrone,
Here is my second answer to your statements

“Increasing the minimum wage from $7.25 to $10.10 will provide an extra $2.85 per hour which equates to an income increase of only $416.00 per month for those who work 40 hours per week. “In reality this approach falls short of the underlying intended goal of effectively reducing poverty or income inequality across the board as it only applies to those fortunate enough to have a job…. it excludes a significant number of people that seriously need help.”

To answer this question we must first look at the facts and base our decisions on math, logic, and reason. On March 26, 2014, Connecticut passed legislation to raise the minimum wage from $8.70 to $10.10 by 2017, the first state to address President Obama's call for an increase on minimum wage. If the job is not subject to the federal Fair Labor Standards Act, then state, city, or other local laws may determine the minimum wage.

List of Federal Minimum Wages and State Minimum Wages
http://en.wikipedia.org/wiki/Minimum_wage_in_the_United_States#cite_note-ctmirror.org-2

Under the federal law, workers who receive a portion of their salary from tips, such as wait staff, are required only to have their total compensation, including tips, meet the minimum wage. Thus, often, their hourly wage, before tips, is less than the minimum wage.Seven states, and Guam, do not allow for a tip credit. Additional exemptions to the minimum wage include many seasonal employees, student employees, and certain disabled employees as specified by the FLSA.

Therefore, your argument of raising the minimum wage to $10.10c to elevate poverty holds no substance because it only applies to one state connecticut in 2017. The United States of America is a federal republic consisting of 50 states, one federal district (Washington, D.C.), and one incorporated territory (Palmyra Atoll). Many of these states have minimum wages close to $10.10c but still suffer from a large amount of poverty due to a lack of jobs for low and high skilled workers.

Simply raising the minimum wage to solve poverty is like putting a "band aid" on top of a stab wound. It only postpones the problem not solve it.

When will humans learn that raising the minimum wage does not solve poverty? ¯_(ツ)_/¯

Thanks
Chris Wells

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Christopher Wells

Hi Everybody,

I want to remind you all about the big picture about life, liberty, and the pursuit of happiness. We are here on this planet for a very small amount of time 4160 weeks (80 years x 52 weeks) before we return to our original home (heaven). We must find a way to make an economic system that can maximize the prosperity of the people while they are here on earth. Personally, I believe we are spirits incarnated into homo-sapiens and our goal is to build heaven on earth. However, each person must decide for themselves. Nonetheless, I have provided an awesome video of my favorite scientist Carl Sagan talking about our planet and economics.

https://www.youtube.com/watch?v=xq86H0k0ioc

I hope you guys enjoy watching it :-p

Thanks
Chris Wells

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Tyrone Thomas Jr.

Hi Christopher,

Thank you very much for your response and enlightening contribution to the struggle of economic well being for all people. I really enjoyed the video.

Tyrone E. Thomas Jr.

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