It’s time we say no to collectivism, the idea that we are obligated to collectively earn others a profit while not earning a living wage for ourselves. Collectivism has forced individuals into the unliberating position of households having to earn multiple incomes, few of which equal a living wage, while collectively earning their employer’s profits. Individuals are smart enough to earn their employer’s profits, but to stupid to earn a living wage?
“A living wage first, profits second.”
“Individuals are smart enough to earn your business a profit, they are smart enough to earn a living wage.”
Instead of unemployment checks, issue unemployment vouchers. This voucher would afford individuals the right to work at companies earning profits. Instead of social services for those employable, underemployment vouchers. Companies who choose to hire a vouchered employee, or have a vouchered employee working for them will receive a tax incentive. This incentive will be a reduction of their underemployment tax.
The underemployment tax will calculate the total dollar amount of individuals underemployed. Underemployed are those earning less then a living wage, on a per hour basis.
The underemployment amount will be used in conjunction with the net income of businesses to determine their underemployment tax.
Example: Joe’s deli has a net income of 20k, Tom’s Oil Co’s net income is 300m while Megamart’s net income is 15.4b with a total underemployment amount of 1b.
The underemployment tax is determined by calculating the total net income of all employers, dividing the individual net income of each employer by the total to determine their percent of net income of the total net income. That percent is their underemployment tax rate. Times that by the total underemployment amount and that is their underemployment tax.
Employer Net Income Underemployement Tax Rate Underemployement Tax
A 20,000 0.0000013 1,274
B 300,000,000 0.0191083 19,108,256
C 15,400,000,000 0.9808905 980,890,470
Total 15,700,020,000 1,000,000,000
Those who hire workers with underemployment vouchers receive the benefit of a lower underemployment tax. Those having vouchers will submit (electrically or paper) those vouchers to the underemployment center where they are redeemed for the difference between a living wage and what they actually earned. The monies will be paid to vouchered individuals from the underemployment tax fund.