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.
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.
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.