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A Final Resolution to fiscal sustainability/solvency challenges

(EMAILWIRE.COM, January 06, 2007 ) SAN JUAN, Puerto Rico, USA -- A forthcoming Letter Report scheduled to be released next month, and authored by Mr. Rosendo Cordero, analyst, ex-banking/business officer, suggests Legislation by the Federal Government requiring the establishment of a Mandatory Societal Benefit Individual Perpetual Financial Trusts(MSBIPFT) by all U.S. citizens and residents; said Trust design has been is conceived by Mr. Cordero and would permit the U.S. Federal Government (or other world governments) to collect (exclusively) over a long term perpetual timeline, increasingly larger measured "generational capital distributions/withdrawals" from said Trusts, presenting a viable solution to long-term fiscal sustainability and solvency challenges. Financial models included in the report to be released indicate that the particular Trust design implementation would provide enhanced likelihood of accomplishment of any one of very long-term budget paths put out by the Office of Management and Budget (OMB); and most particularly, the provision of a practical resolution to the very troubling and almost unspeakable trillions of dollars in un-funded liabilities on the infinite horizon from entitlement programs. Through the MSBIPFT- whose yet uncharted legal language would have to be clearly delimited by Congress-no citizen would ever cease to exist as a societal financial contributor through referenced individual Trust mandatory saving legacy that would practically mimic worker/taxpayer status even among the deceased, by virtue the defined Trust-based perpetual "virtual” existence. All citizens and residents would have to leave mandatory career minimal nominal societal benefit financial assets under the Trust design in perpetuity; the funds would likely be augmenting exponentially in the very long-term future (subject only to orderly periodic government interventions regulating a specific percentage level of generational capital distributions/withdrawals) to maintain the adequate balancing of demographic/economic variables; ideally the funds would be placed under an on-going competitive private investment management basis within optimum yield inflation-hedged trust accounts, making an honest to goodness best use of the revocation of the rule against perpetuities under U.S. law that has already been put into effect in 18 U.S. states. While studying changes from official select components of net change in Middle Series (2007-2100) Population Projections for the U.S., the author devised a stratagem of computing a concept of projected "accumulated net-deaths", which were added using said official figures from the year 2007, and year after year up until 2100, yielding a figure of 353 million in total "period accumulated net deaths", a signicant figure for the analysis. Said figures were then added to the official U.S. Population Projections year after year until 2100 at which time the Population will stand at a 570 million level (a number which includes all components of net change). As the Population estimate figure is added to the Period accumulated deaths, a Total Population plus Period Accumulated Deaths amounting to 923 million living and deceased, is computed at year 2100. If the Trust design concept is applied through Congressional action, the majority of the 353 million “period accumulated net deaths” until 2100 and afterwards would be phased-in as implicit perpetual “virtual tax-payers” through the MSBIPFT design. All those then living, that is 570 million, would be largely “vested”, and on their way to becoming perpetual virtual tax payers. All U.S. annual officially estimated “net deaths” amounting from 2.5 to 4.7 million annually till 2100 and afterwards would actually constitute, at least implicitly, permanent and perpetual "new jobs" and "new filing tax-payers" under the Trust Design and would be added annually from deceased individuals during this century and the coming centuries! This new particular treatment/approach would affect in significantly favorable terms, among other things, the labor participation rates and unemployment rates, and would reverse the continually diminishing worker-to-retirees ratios, a seeminly unstoppable pathetic tendency at the SSA Paygo system. All could expect great news coming out prospectively from the Fed, the SSA, the BLS, the Census, the BEA,the OMB, and the CBO insofar as intermediate 75 yr projections for nine (9) key demographic and economic variables would likely exhibit significant generational improvements. On a long-term basis, one salient objective would be to have more and more non-spending, non-consuming, deceased “virtual taxpayers" paying generational capital distributions/withdrawals to the federal government through the referenced trust design, at equivalently extremely high effective tax rates (over 300%) on current income from trust fund investment at generational capital distributions/withdrawals rates and dates. Sometime not very far in the future, there would be more perpetual virtual tax payers under trust agreements, than actual living people; therefore there would also be a future possibility that all types of taxation of the living could be actually eliminated! A two-phase Optimum Revenue Model was developed by Mr. Cordero for only one account, which would be replicated millions of times, encompassing all citizens and residents of the U.S and its territories. The 1st phase depicts an income flow from just a $50 annual nominal mandatory societal benefit investment by all citizens and residents for a 30yr career timeframe; all citizens would be "vested" with a nominal $1500 career total investment based on just $50 per year for 30 years, deposited anually into an escrow account; in the model, two financial income scenarios were projected depicting optimum inflation hedged rates at 6% and 4.5% annually under private investment management. The 2nd phase depicts the implementation of the actual MSBIPFT account legacy whereby the government implements generational capital distributions/withdrawals (every 30 years) from each account. Generational Capital distributions/withdrawals of 20% by the federal government in the 6% optimum investment rate amount to $16,690, $76,691, $352,379, $1,619,110, and $9,299,348 for the 60,90,120,150 and 180 year generational target dates for all eligible millions of annual net deaths of deceased accounts reaching said death anniversaries. If the mandatory $50 nominal annual investment could be actually required yearly since age 1, up until age 30, then the first generational capital distribution/withdrawal by the federal government ideally would be at the taxpayer's age 60, while still probably living, given the then probable life expectancies extending beyond 80 years of age. One of the fundamental benefits of implementation of this Trust design would be the fact that cost recapture of federal, military, state, municipal, and public corporation's employees salaries, payroll benefits, and retirement payments ever paid to said employees would actually ensue over time along with many other unspecified budget line items, a good future identification task for OMB analysts. On the other hand Mr. Cordero states: " You figure out that some priviledged individuals don't work now because they have made a couple of millions in whatever endeavors in life they engaged in the past, so they decided to retire; and now, they are very frequently sitting by the pool at their beach property or whatever, sipping reserve wines while ingesting gourmet hams and cheeses; notwithstanding, their $20 million in Government bonds yields $90,000 in monthly interest. Well, even though they now might not do 9 to 5 work, they certainly are valid taxpayers, and probably, in the highest tax bracket. Believe me, the deceased perpetual virtual taxpayers could also be very valid too, even though they also will not ever work... forever, Ha! They would be the ideal taxpayers, insofar as they don't eat, they don't drink, they don't spend, and they don't consume anything! Stop to think about the typical living American who will now spend an average of $1.06 for every dollar earned! Notwithstanding, their MSBIPFT legacy could grow and grow in financial assets everlastingly, if need be, and limited only in its growth by government’s balancing act of economic controls! ###Media ContactMs. Sotelo-LombaPhone: 787-479-8205Fax : 787-763-8852Email: Web site :

Joseph Nchor


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