Thursday, March 3, 2016

Capitalism without Poverty

Universal Basic Income

If Congress used the power it was granted by the Constitution to create & manage the Money supply,there would be no limit on the Federal Budget. The National Government could free the people from bondage of Poverty and still retain the Market Capitalism that rewards exceptional performance

If the National Government created Universal Supplemental Security Income (SSI) above the Poverty level with no "Means Testing" by the Bureau for Begging, there would be sufficient food, adequate Shelter, and effective Medical Care for all. This would eliminate Government Bureau intrusion into everyone's life and the Free Market Capitalism Would continue as is.

We could begin the program by using SSI to provide Medicare for all people age 62 and older. It would be separate from Retirement Social Security. Retirement age people would be able to have Medicare now and wait later for Social Security to draw a larger Social Security check.  The program could expand over time to include younger people as the Economy adjusted to the income Foundation that was being created.

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