View Single Post
  #5  
Old November 8th 10, 12:02 AM posted to sci.space.policy
William Mook[_2_]
external usenet poster
 
Posts: 3,840
Default The First Step in Creating a Space Age - Treat Earth as a Planet

Brad,

As usual you gripe over nothing.

Free Markets engage in voluntary transactions, so, no one engages in a
transaction without both benefiting. The real problem is non-market
transactions. By providing a basis that gives everyone the ability to
consume the basics of life (homes, furnishings, clothing, food,
transport, information, etc.) at the same rate as millionaires do
today we establish a basis for a free and open market for the first
time in history. Under these conditions how profits are allocated
when efficiencies improve are determined by social norms.

I've described a process that creates $1 quadrillion in wealth each
year from existing under-used and under-valued assets.

Doing this generates assets worth at least 18x as much as all the
assets in the world today. How this vast increase is allocated is a
social decision. Giving it all to capital owners or governments,
especially if they have no use for it is not likely.

For the 10 million millionaires in the world today providing a 20%
annualized rate of return to existing capital owners over the 15 year
development period provides a 15.4x increase in their valuation -
paying a 20% return as income thereafter, gives a revenue rate.

Government have historically grown between (-2%) to +4% per year.
Providing governments a means to grow at a 10% annualized rate of
return over the 15 year development period provides a 4.2x increase in
their revenues - when added to existing revenues totals 5.2x what is
spent today.

So, the $40 trillion in assets among the world's 10 million
millionaires increase to $61.6 trillion. Paying 20% rates of return
to maintain these values costs $12.3 trillion per year of the total.

The $15 trillion per year collected by all governments everywhere
increases to $78 trillion per year. This leaves a balance of $919.7
trillion;

$1,000 trillion - generated in 2025

$12.3 trillion - collected by investors
$78.0 trillion - collected by governments

$919.7 trillion - remaining for distribution to buyers or
employees

This $919.7 trillion per year may be used to reduce the number of
hours and number of years worked by the principals involved by
increasing pay (efficiency bonus) or distributed as price reductions
to buyers or some combination.

The point is, with vast increases in productivity and wealth, from $70
trillion today to $1,000 trillion in 15 years the details of how
they're allocated doesn't really impact the standard of living that is
the basis of this wealth.