How Much Money Does The U.S. Government Give to the poor?
IRS estimated that in 2009 the Earned Income Tax Credit lifted nearly $7 million people out of poverty.
Nationwide in 2012, close to 26.5 million received nearly $60.7 billion in EITC for the 2011 tax year.
$2,290.00 per person.
Total annual cost of food stamp program in 2012: $71,800,000,000.
Number of Americans using the food stamp program in 2012: 46,670,373
$1.725.00 per person
Monday, December 31, 2012
Sunday, December 30, 2012
Relation between interest on the public debt and money lost by companies
Relation between interest on the public debt and money lost by companies
Ten percent of FORTUNE 500 companies lost money last year.
The total amount of money these companies lost was 5.6 billions.
Budgeted net interest on the public debt was approximately $251 billion.
Fortune 500 generated nearly $10.8 trillion in total revenues last year and $824.5 billion in earnings (7.6%).
U.S. nominal GDP was estimated to be $15.8 trillion in 2012.
Ten percent of FORTUNE 500 companies lost money last year.
The total amount of money these companies lost was 5.6 billions.
Budgeted net interest on the public debt was approximately $251 billion.
Fortune 500 generated nearly $10.8 trillion in total revenues last year and $824.5 billion in earnings (7.6%).
U.S. nominal GDP was estimated to be $15.8 trillion in 2012.
Saturday, December 29, 2012
Gun control and subway train control.
Gun control and subway train control.
A woman accused of pushing a man to his death in front of a speeding subway train in Queens has been charged with murder as a hate crime on December 22nd.
It was the second such attack in New York City in less than a month.
“It’s unbelievable, and it only happens in America, and it happens again and again,”
"We are killing each other, and we are the only industrialized nation doing it."
Mayor Bloomberg said on December 17th , describing a mass shooting
at a Connecticut elementary school.
A woman accused of pushing a man to his death in front of a speeding subway train in Queens has been charged with murder as a hate crime on December 22nd.
It was the second such attack in New York City in less than a month.
“It’s unbelievable, and it only happens in America, and it happens again and again,”
"We are killing each other, and we are the only industrialized nation doing it."
Mayor Bloomberg said on December 17th , describing a mass shooting
at a Connecticut elementary school.
Friday, December 28, 2012
Why To Pay Social Security Is Not The Investment You Think It Is
Why To Pay Social Security Is Not The Investment You Think It Is
If your social security benefits are the only income you receive, then they will not be taxed.
If you are a single filers and your income is more than $34,000 a taxable rate of 85% will be applied to benefits received.
If your social security benefits are the only income you receive, then they will not be taxed.
If you are a single filers and your income is more than $34,000 a taxable rate of 85% will be applied to benefits received.
Thursday, December 27, 2012
Number of atheists or agnostics in U.S.
Acording a Pew poll only a 20% of Americans identify themselves as having no religious affiliation.
53% of Canadians believe in God.
35% of people in France are atheist or agnostic, 45% in South Korea and 84% in Estonia.
53% of Canadians believe in God.
35% of people in France are atheist or agnostic, 45% in South Korea and 84% in Estonia.
Wednesday, December 26, 2012
Total retirement assets of US government versus total U.S. retirement assets
Total retirement assets of US government versus total U.S. retirement assets
Total U.S. retirement assets were $17.5 trillion in Fourth Quarter 2010.
The Investment Fund (G Fund) of the Federal Employees’ Retirement System Thrift Savings Plan
has balance approximately of $156 billion.
Total U.S. retirement assets were $17.5 trillion in Fourth Quarter 2010.
The Investment Fund (G Fund) of the Federal Employees’ Retirement System Thrift Savings Plan
has balance approximately of $156 billion.
Tuesday, December 25, 2012
Home robbery per capita
Home robbery per capita
Home Robbery Per Capita Statistics (most recent)
California 70,968
=0.0018 home robberies per capita
Spain 425,000
=0.0090 home robberies per capita
Belgium 211,000
=0.0200 home robberies per capita
U.S. 447,403
=0.0013 home robberies per capita
Baja California 15,035
=0.0050 home robberies per capita
Arizona 9,226
=0.0014 home robberies per capita
Wyoming 72
=0.0001 home robberies per capita
Home Robbery Per Capita Statistics (most recent)
California 70,968
=0.0018 home robberies per capita
Spain 425,000
=0.0090 home robberies per capita
Belgium 211,000
=0.0200 home robberies per capita
U.S. 447,403
=0.0013 home robberies per capita
Baja California 15,035
=0.0050 home robberies per capita
Arizona 9,226
=0.0014 home robberies per capita
Wyoming 72
=0.0001 home robberies per capita
Friday, December 21, 2012
Why Inequality Will Save Us | Why Innovation Will Save Us.
From 1993 to 2008, income growth among the bottom 99% of earners was 0.5 points slower than the economy's overall growth rate.
Incomes of Top 1% Increased 275% Between 1979-2007
Three-fifths of all income growth from 1979-2007 went to the top 1%.
According the CBO most of the gains in income of the 1% have come from employment and business income, not dividends, interest, and capital gains.
Technology has made highly educated and talented people more valuable, by creating jobs that demand their talents and allow them to manage larger, more-complex activities, while
it has made less-skilled people less valuable.
Incomes of Top 1% Increased 275% Between 1979-2007
Three-fifths of all income growth from 1979-2007 went to the top 1%.
According the CBO most of the gains in income of the 1% have come from employment and business income, not dividends, interest, and capital gains.
Technology has made highly educated and talented people more valuable, by creating jobs that demand their talents and allow them to manage larger, more-complex activities, while
it has made less-skilled people less valuable.
What happen if you place one TSA employees in each public school?
There are 58,401 employees of the TSA.
There are 23,200 public schools in the nation.
The estimated total number of guns held by civilians in the United States is 270,000,000
In the first seven months of the year, TSA agents seized 821 guns, rifles and pistols, which were discovered
in carry-on luggage.
What happen if you place one TSA employee in each public school?
There are 23,200 public schools in the nation.
The estimated total number of guns held by civilians in the United States is 270,000,000
In the first seven months of the year, TSA agents seized 821 guns, rifles and pistols, which were discovered
in carry-on luggage.
What happen if you place one TSA employee in each public school?
The disappearance of the middle class in the developed countries
According to the intelligence assessmen of the National Intelligence Council, one of the most important trends over the coming two decades will be the growth of the middle class, which “will become the most important social and economic sector in the vast majority of countries around the world”.
According to my intelligence assessment one of the most important trends over the coming two decades will be the disappearance of the middle class in the developed countries which shall be substituted by an unknown new "sophisticated" welfare-society class under the umbrella of a big bureaucratic government
in which success, creation and talent will be punished.
According to my intelligence assessment one of the most important trends over the coming two decades will be the disappearance of the middle class in the developed countries which shall be substituted by an unknown new "sophisticated" welfare-society class under the umbrella of a big bureaucratic government
in which success, creation and talent will be punished.
Wednesday, December 19, 2012
Sunday, December 16, 2012
Per capita money income in cities with shootings
Per capita money income in the past 12 months (2011 dollars) , 2007-2011 :
U.S.: $27,915
Newtown, Connecticut: $48,922
Portland, Oregon : $30,631
Oak Creek, Wisconsin: $30,235
Aurora, Colorado : $24,257
Oakland, California : $31,675
Binghamton, New York: $20,951
Fort Hood , Texas : $15,203
Blacksburg, Virginia : $17,899
Brookfield, Wisconsin: $45,317
Atlanta,Georgia : $35,884
Columbine,Colorado : $38,203
Source: United States Census Bureau
Saturday, December 15, 2012
The killer who killed 20 children
The suspected gunman’s parents divorced in 2009 when he was 17 years old.
His former grandmother said she remembered Adam as a young child but didn’t know him as a teenager.
His parents had separated “years” before they divorced, she said.
The suspected gunman was a “socially awkward” teenager, a neighbor said.
The suspected gunman was kind of a loner and shy, a neighbor said.
His former grandmother ex-husband, who died in 2010, was a widower when she met him, with children and grandchildren of his own.
They married in the 1990s and divorced in 2001, she said.
His former grandmother said she remembered Adam as a young child but didn’t know him as a teenager.
His parents had separated “years” before they divorced, she said.
The suspected gunman was a “socially awkward” teenager, a neighbor said.
The suspected gunman was kind of a loner and shy, a neighbor said.
His former grandmother ex-husband, who died in 2010, was a widower when she met him, with children and grandchildren of his own.
They married in the 1990s and divorced in 2001, she said.
Thursday, December 13, 2012
Our politicians have a hard time to figure out how it's working.
Start ups have a loss making initial development without any access to
bank loans, they have many founders vs one owner, have many shareholders
(founders, friends & family, angels, VCs…) vs a few. Our
politicians, who are mainly civil servants or doctors and lawyers, are
far away from the startup scene and have a hard time to figure out how
it's working.
Wednesday, December 12, 2012
How Much Money Has the Fed Printed?
At $85 billion a month, the Fed's balance sheet will keep growing from its current $2.9 trillion, heading toward $4 trillion by the end of the year 2013. Four years ago it was less than $1 trillion.
Who works in U.S.A.?
Who works in U.S.A.?
Today total population in U.S. 314,930,258
Persons under 18 years in U.S. 72,433,959
Public sector employees in U.S. 20,540,000
Private sector employees in U.S. 104,347,000
Number of retired people in U.S. 62,067,000
Involuntary part-time workers in U.S. 8,200,000
Unemployed in U.S. 11,970,000
Illegal immigrants in U.S. 11,125,000
Armed Forces in U.S. 2,914,000
Self employed in U.S. 14,460,000
Total: 308,056,959
Today total population in U.S. 314,930,258
Persons under 18 years in U.S. 72,433,959
Public sector employees in U.S. 20,540,000
Private sector employees in U.S. 104,347,000
Number of retired people in U.S. 62,067,000
Involuntary part-time workers in U.S. 8,200,000
Unemployed in U.S. 11,970,000
Illegal immigrants in U.S. 11,125,000
Armed Forces in U.S. 2,914,000
Self employed in U.S. 14,460,000
Total: 308,056,959
Monday, December 10, 2012
Why living standards will go down and inequality will go up in America in the next 30 years?
Why living standards will go down and inequality will go up in America in the next 30 years?
Because the difference between the the pensions and retirement savings that American households ages 32-64 have today and what they should have today to maintain their living standards in retirement is $6.6 trillion based on the Center for Retirement Research at Boston College
Because the difference between the the pensions and retirement savings that American households ages 32-64 have today and what they should have today to maintain their living standards in retirement is $6.6 trillion based on the Center for Retirement Research at Boston College
Sunday, December 9, 2012
Why Charitable Giving is a tax deduction?
Why Charitable Giving is a tax deduction?
Why the complete elimination of the charitable deduction has not been achieved?
Because it is the main tax break employed by Warren Buffett and other wealthy taxpayers.
Total giving to charitable organizations and foundations was $298.42 billion in 2011 (about 2% of GDP) , 90% given by individuals (because corporations have better tax breakers).
Why the complete elimination of the charitable deduction has not been achieved?
Because it is the main tax break employed by Warren Buffett and other wealthy taxpayers.
Total giving to charitable organizations and foundations was $298.42 billion in 2011 (about 2% of GDP) , 90% given by individuals (because corporations have better tax breakers).
Saturday, December 8, 2012
God bless the printing money machine
God bless the printing money machine
Benefits for not working:
Food stamps:
45.8 million people, 15% of the U.S. population
Average food stamp benefit was $133.80 monthly per person
Total full-year cost = 73,536,480,000
Disability payments:
10.7 million people
The average monthly benefit payment was $1,190
Total full-year cost = 152,796,000,000
Unemployment insurance:
The total number of people claiming
benefits in all programs for the week
ending November 17 was 4,959,240
The average weekly benefit payment was $376.
Total full-year cost= 95,931,538,560
Benefits for not working
are increasing the incentive not to work.
Number of Social Security Beneficiaries
55,404,480
The average monthly Social Security benefit
for a retired worker was about $1,230 at the
beginning of 2012.
Total full-year cost =817,770,124,800
Benefits for not working:
Food stamps:
45.8 million people, 15% of the U.S. population
Average food stamp benefit was $133.80 monthly per person
Total full-year cost = 73,536,480,000
Disability payments:
10.7 million people
The average monthly benefit payment was $1,190
Total full-year cost = 152,796,000,000
Unemployment insurance:
The total number of people claiming
benefits in all programs for the week
ending November 17 was 4,959,240
The average weekly benefit payment was $376.
Total full-year cost= 95,931,538,560
Benefits for not working
are increasing the incentive not to work.
Number of Social Security Beneficiaries
55,404,480
The average monthly Social Security benefit
for a retired worker was about $1,230 at the
beginning of 2012.
Total full-year cost =817,770,124,800
Friday, December 7, 2012
How to move back 15,001 years
Environment and Energy Minister Delphine Batho wants all the lights in shop windows, offices and storefronts across France to be turned off between 1 a.m. and 7 a.m.
Prehistoric people used lamps to illuminate surroundings.
Hundreds of these lamps have been found in the Lascaux caves in modern day France, dating to about 15,000 years ago.
Environment and Energy Minister Delphine Batho wants to move back 15,001 years
Prehistoric people used lamps to illuminate surroundings.
Hundreds of these lamps have been found in the Lascaux caves in modern day France, dating to about 15,000 years ago.
Environment and Energy Minister Delphine Batho wants to move back 15,001 years
Thursday, December 6, 2012
Average salary in Long Beach port versus average salary in China.
Average salary in Long Beach port versus average salary in China.
Clerical workers in Los Angeles, Long Beach ports make an average base salary of $87,000 a year.
When vacation, pension and other benefits are factored in, their annual compensation package reached $165,000 a year.
Port of Los Angeles received from China imports valued at$110,517,865,053 in 2010 (more than 50% of total imports).
Average Salary in the Manufacturing Sector in China is $ 134 monthly.
Clerical workers in Los Angeles, Long Beach ports make an average base salary of $87,000 a year.
When vacation, pension and other benefits are factored in, their annual compensation package reached $165,000 a year.
Port of Los Angeles received from China imports valued at$110,517,865,053 in 2010 (more than 50% of total imports).
Average Salary in the Manufacturing Sector in China is $ 134 monthly.
Wednesday, December 5, 2012
What do you need to finance the welfare state?
What do you need to finance the welfare state?
There is no way to finance the welfare state with taxes and public debt.
In order to finance the welfare state you need the printing money machine.
And the money printed for that machine must be the reserve currency of the world.
There is no way to finance the welfare state with taxes and public debt.
In order to finance the welfare state you need the printing money machine.
And the money printed for that machine must be the reserve currency of the world.
Tuesday, December 4, 2012
What is the human capacity to be lazy, fat, uneducated, homeless, smoker and whatever you want to be and to pay the price for it?
It is freedom.
Freedom is the human capacity to be lazy, fat, uneducated, homeless, smoker and whatever you want to be and to pay the price for it.
Freedom is the human capacity to be lazy, fat, uneducated, homeless, smoker and whatever you want to be and to pay the price for it.
Monday, December 3, 2012
Why university is not a good investment
Why university is not a good investment.
Two-thirds higher education of graduates now take out loans.
9.1% of borrowers in 2011 had defaulted on their federal student loans within two years of graduating.
3% of US GDP is spent in higher education.
Coursera and Udacity are free.
Two-thirds higher education of graduates now take out loans.
9.1% of borrowers in 2011 had defaulted on their federal student loans within two years of graduating.
3% of US GDP is spent in higher education.
Coursera and Udacity are free.
Sunday, December 2, 2012
Elites and bureaucrats are the middlemen in the transfer of resources from the tax payer to the poor
Elites and bureaucrats are the middlemen in the transfer of resources from the tax payer to the poor and vulnerable and the cut that elites and bureaucrats are taking for their job is becoming bigger and bigger.
Saturday, December 1, 2012
Liberty creates more inequality.
People vote indicates a belief, or a whim, but not a choice.
Economic growth is needed to improve the well-being of the poor, and economic growth means instability.
People who cannot govern their own lives cannot afford nothing unpredictable.
Liberty creates more inequality.
Entitlements are becoming the modern social injustice.
Economic growth is needed to improve the well-being of the poor, and economic growth means instability.
People who cannot govern their own lives cannot afford nothing unpredictable.
Liberty creates more inequality.
Entitlements are becoming the modern social injustice.
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