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Tackling Unemployement & Underemployement

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.”

Solution:

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.

Underemployment Amount
1,000,000,000

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.

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About SoundEndurance

I am a follower of The Way, holding to the doctrine of Jesus Christ the first born from among the dead, who lives and reigns forever more. Scripture is the basis of my beliefs which testify of the resurrection of Jesus Christ from the dead and confirmed in me by His Holy Spirit. The gift of eternal life is inclusive. Jesus shed his blood for all, He has purchased for each of us a resurrection from the dead unto judgment. His shed blood is our justice which satisfies our holy Creator blotting out our sins, making it possible for us to approach a holy, righteous God. In our approach to Him, we repent of our sin, we yield ourselves to His will, wanting to take on His very divine nature, desiring to be made new in His image and likeness thereby doing away with sin. It is through this faith in Him that we become children of God having received His Holy Spirit which does his commandments thereby entering eternal life and escaping the damnation of hell, the lake of fire to come. May we be blessed in the knowledge of Him. Kenneth S. Muratore Jr

Discussion

One thought on “Tackling Unemployement & Underemployement

  1. Revised

    Underemployment Tax Cuts Needed!

    Individuals are smart enough to earn employers a profit, they are smart enough to earn a living wage.

    A living wage first, profits second.

    Solution: Creation of Underemployment Tax and Unemployment Vouchers

    Instead of unemployment checks, unemployment vouchers. Companies who choose to hire a vouchered employee receive a reduction in their underemployment tax. The underemployment tax will calculate the total dollar amount of individuals underemployed. Underemployed individuals are those earning less then a living wage, on a per hour basis. The underemployment amount will be used in conjunction with the employment income (gross income – number of employees x living wage) of businesses to determine their underemployment tax.

    Example: Joe’s deli employment income 20k, Tom’s Oil Co’s employment income 300m while Megamart’s employment income 15.4b . Total underemployment amount totaling 1b.

    Underemployment Tax: determined by calculating total employment income of all employers, dividing individual employment income of each employer by the total which returns their percent of underemployment income. That percent is their underemployment tax rate. Times that percent by the total underemployment amount and that is their underemployment tax due.

    Underemployment Amount
    1,000,000,000

    Employer—-Employment 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 receive a lower underemployment tax and a higher production capacity. Else, they receive the benefit of their tax dollars adding to the overall production capacity of our nation. It’s a win, win!

    Posted by SoundEndurance | September 7, 2011, 9:28 PM

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