Fund Expenditures
The 1,000.00 Trust investment principal would earn at least 3% rate of return
annually. As the compounded interest is earned over time approver expenditures
can be used by the citizen to help in everyday life expenses. Health care,
insurance, education, day care, and other basic needs. Those less fortunate in
income could used interest earned for basic living standard expenses. The fund
would grow at at least 3%. Base on the FED FUND RATE. Fed Fund Rate + 3%. A new
born citizen of the USA would get a birth certificate, and a passbook with an
initial deposit of 1,000.00. This is a US Government investment in this citizen.
The account can not be used until the citizen is 18 years old. The parents can
not use the account. It is grow for 18 years. This is an investment in the
future.
The parents can add the child as dependant on their health care policy, and use
their account to help pay for child expenses.
The new IRS would be a friendly place, not a
Horror SHOW as it is today. The
citizen can use funds for leangle aid if needed, so on... The longer the account
is open the more expenses can be paid for from the account.
The Government makes the laws, and sets up the courts, the fund will make it
easy for individuals to gain access, and have justice when needed in the courts.
The drastic reduction is leangle problems, and court time will free up a lot of
time, and funds currently wasted in the court system. This will spur innovations
never seen before in history!
At the age of 18 the citizen will be able to for the first time use the interest
earned in the account for education, and insurance needs
depending on the amount in the account. Up to this point the citizen was not
able to use the account, or touch the interest. The account compounded interest
at least 3% each year for 18 years. The principal on the accounts can never be
withdrawn, or cashed out. Only approved expenses can be paid for from the
account based on the interest in the account. It will be a help in the
beginning, over time more and more of the expenses will be paid from the
account. Education expenses can be paid from the account.
First of all this is a freedom of comment page. By: Jason Berg 4/2/10 Contact me
Fund Expenditures
Federal Government roll - in
education
Inheritance: Generation growth of the USA with
Treasury Investment Accounts
Retirement
Federal Government Roll- Citizens
Trust Accounts