|California State Government||November 7, 2000 Election|
THE CAMAHORT FEDERAL BENEFITS PACKAGE
By Jose Luis "Joe" (Olivares) Camahort, Ph.D.Candidate for United States Senator
This information is provided by the candidate
Consolidate all Government benefits into one computerized, electronic package based on age and income level, which incentivizes people to earn more; but disincentivizes them from having more than one child per parent per household. Plus have the U.S. Treasury Dept. provide PERSONAL financial services free of loan interest, insurance premiums and broker commissions.In our resource consumptive society, a massive government bureaucracy distributes government benefits such as welfare, food stamps, social security, medicare, student loans, etc. The CAMAHORT Federal Benefits Package proposes that these social programs be consolidated into a universal benefit formula, which calculates the total benefit each individual is entitled to. This amount should then be credited electronically each month to the individual's financial account. The formula should incentivize individuals to earn as much money as possible, but disincentivize them from having more than one child per parent per household.
An example of what a universal monthly benefits package could look like is shown below:
PERSONAL FINANCIAL SERVICES - THE U.S. TREASURY DEPARTMENT AS PERSONAL BANKER, INSURER, AND BROKER.
There are too many economic parasites in our society today, the greedy intermediary industries - banks, insurance companies (including HMOs), and brokerage firms; which produce absolutely nothing but siphon off the economic lifeblood of hardworking people. Is it such a bad idea to merge all of these essential PERSONAL financial services into the Federal government? It certainly doesn't seem to be a bad idea for big banks to merge with bigger banks, or big insurance companies to merge with bigger insurance companies, or big brokerage firms to merge with bigger brokerage firms, or even for big banks, big insurance companies, and big brokerage firms to merge among each other to create "one-stop shopping" for financial services. What I propose is the mega-merger to end all mega-mergers. Merge all PERSONAL financial services into the U.S. Treasury Dept. and provide these one-stop financial services free to all citizens with a valid Social Security Number (SSN)! Yes, zero-interest mortgages and credit cards, zero-premium insurance, and zero-commission brokerage services.
At a minimum, I envision a Federal Brokerage, Insurance, & Credit Union run by the Treasury Department for all personal financial services. The first step would be to merge all Federal Credit Unions (FCU), then open the FCU membership to all Citizens with a valid social security number.
We have the marvelous digital technology and the government has the supercomputers to accomplish this. Providing FREE PERSONAL financial services involves the few things that government can do reasonably well: database management, bookkeeping, and computer security. They already have a database with all the SSN information, and they send out millions of social security checks, welfare checks, etc. with few problems.
The big banks, insurance companies and brokerage firms can continue providing financial services to non-Citizens, businesses, professionals, and corporations; e.g., commercial and investment banking, commercial and professional insurance, and commercial real estate and other commercial broker services.
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