Social Security Universal - University of Manitoba research from: Dean Baker, Robert Pollin, Travis...
Transcript of Social Security Universal - University of Manitoba research from: Dean Baker, Robert Pollin, Travis...
Universal Social SecurityHow to Restart the American Dream
14 Sources
Sources 1-4Resource Royalties
Metals and Industrial Minerals
Metals and Industrial Minerals
$78,300,000,000
(2015)
5
Metals and Industrial Minerals Royalties
25% Royalty
$19,575,000,000per year
Coal
Coal
$31,300,000,000
Coal Royalties
$7,825,000,000 per year
Oil
3,441,787,000 barrels per year
$44 per barrel
$151,438,628,000
Oil Royalties
$37,859,657,000 per year
Natural Gas
28,812,904,000,000 ft3 per year
$3.50 per 1000 ft3
$100,845,164,000
Natural Gas Royalties
$25,211,291,000per year
Source 5Land Use Royalty
Royalty Fee:
$400 per acre
Acres of Native American Land:
56,200,000acres
Farmland: 914,527,657 acres
Number of farms: 2,109,303
X
3 acres per farm
6,327,909 acres
Total Nonexempt Land:
1,296,019,710acres
(2,260,419,458 - 56,200,000 – 914,527,657 + 6,327,909)
(US Total – Native American Land – Total Farmland + 3acre Rule)
Land Use Royalty:
$518,407,884,000per year
Source 6The Carbon Tax
CO2 Released:
5,271,000,000 metric tons
(2015)
Carbon Tax
$131,775,000,000per year
Sources 7-9Social Security Revenue
Removal of the Social Security Wage Cap
Estate Tax
Current Social Security Revenue:
$769,400,000,000per year
Removal of the Social Security Wage Cap
$100,000,000,000per year
(2030 projection)
The Estate Tax
$29,000,000,000per year
Source 10Financial Transaction Levy
Original research from:
Dean Baker, Robert Pollin, Travis McArthur, & Matt Serman in “The Potential Revenue from Financial Transaction Taxes” with the Center for Economic and Policy Research & the Political Economy Research Institute at the University of Massachusetts Amherst (December 2009)
Financial Transaction Levy
$250,000,000,000per year
Source 11The United Investment Income
5,008 public traded companies in USA.
S&P 500 accounts for 75% of the total US equity market
Average Earning per Share for S&P 500 Companies:
$4per year
S&P 500 Companies
…
Total Number of Shares: 282,407,430,333
…
30% of All Shares: 84,722,229,100
…
Earnings Per Share
$1 $2 $3 $4 $5$84,722,229,100 $169,444,458,200 $254,166,687,300 $338,888,916,400 $423,611,145,500
…
(add 25% for non-S&P 500 Companies)
…$112,962,972,133 $225,925,944,266 $338,888,916,400 $451,851,888,533 $564,814,860,666
United Investment Income
$451,851,888,533per year
Source 12The Fair Pay Incentive
1950s–1960s Pay Ratio:
1:20
38
2010s Pay Ratio:
1:300+
39
1:1 – 1:50
0% added
→
40
1:51 – 1:100
5% added
→
41
1:101 – 1:150
10% added
→
42
1:151 – 1:200
15% added
→
43
1:201+
25% added
→
Corporate Profit with IVA and CCAdj:
2015 before tax → $8,035,700,000,000
2015 after tax → $5,916,700,000,000
Estimation Range
If All Pay At:1:1-50 →1:51-100 →
1:101-150 →1:151-200 →1:201+ →
Yearly Total:$0
$295,835,000,000
$591,670,000,000
$887,505,000,000
$1,479,175,000,000
The Fair Pay Incentive:
$500,000,000,000per year
Source 13Federal Welfare Transference
Current Welfare Expenditure:
Federal, State, and Local Welfare: $1.03 trillion
Corporate Welfare: $110 billion
Total: $1.14 trillionper year
Federal Welfare Transference:
$500,000,000,000per year
Source 14Global Democratic Citizen Investment Income
GDP of World Democracies:
$26 - $35 trillion
(USA not included)
Global Democratic Citizen Investment Income:
$100,000,000,000per year
Total Revenue from Sources:
$3,440,905,720,533per year
$1,345per month
$16,143per year
Clayton H [email protected] 05/26/2016
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Clayton H [email protected] 05/26/2016
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