Saturday, July 6, 2019

Saving Migrants From U.S. Border Sins

Nicaragua,El Salvador, Guatemala and Hondorus have thirty-two million people living in their combined countries. Fifty percent of these citizens live in extreme poverty(16 million). Children make up half of that population, so eight million families need assistance.

I want to give them a UBI of four thousand dollars each year to help with their economic hardship. This basic income approach will hopefully stem the tide of migrating to America. Four thousand times eight million equals thirty two billion dollars. That's a good amount but we understand that a new wall would cost that much. Take a look at the defense budget($712 billion) and the number of planes the Air Force has. It has thousands of planes that cost tens of millions plus B-2 Stealth bomers that have a 3.2 billion price tag. We currently have a foreign aid budget of fifty billion and a border patrol budget of seven billion. A fifty billion total budget for Homeland Security. We can find the money in our discretionary budget.

If $4,000 is too high an amount,$2,000(16 billion) could do the trick. The GDP for individuals in these countries is around $7,000 a year. America is close to sixty thousand.  UBI can be a multifier(5x) for consumer spending in the targeted countries. This added revenue in taxes would help their governments help with additional social services.

All this is worth a try..... unlikely,but it's a start to help our neighbors overcome hardship.

1 comment:

  1. Sad to say I think Trump is out to bankrupt the country as well as he bankrupts his businesses....

    ReplyDelete