Finances/Archive
Note: this is only a proposal! This has never been done before, and I have no idea at this time whether it's feasible, or even legal.
Synopsis:
The financial intent of the business will be to make people independent. To that end, the company will fund $52,000 annuities to be given to people who help build and maintain the system.
Overall description:
The purpose of the fund is to take people out of the workforce without leaving them in poverty. A fund participant receives a weekly income large enough to live on, by which they may (if they choose) leave the workforce.
Income is paid in perpetuity: payout continues after death of original recipient, can be willed, inherited, sold or given away. Income is strictly one per person.
The proposed fund account returns $52,000/year ($1000/week). Fund amount needed to attain that level is hypothetically $1 million per participant:
- 10% Overall return (Indexed fund returns over 40 years == 12%. source)
- -3.5% Inflation adjustment
- -0.5% Management fees (Similar to Fidelity Portfolio Advisory Service. source)
- -5.2% Annual payout
With these numbers, fund will gain 0.8% annual value over time, which can be used as hedge against poor market performance.
Participation
AltSlashdot will employ N people for site management. Site will accrue profits until N times $1 million is attained, and then award each employee with one annuity.