Value of Future Payments

On Fox weekend report. They were discussing the foriegn aid the USA sends out to countries that are either non-friendly or announced enemies of the USA. Their report states there is $20 billion a DAY sent out .
Doing a rough estimate. Taking 365 days a year. Then for any liberal influance. Calculating that the figures were based on working days. So that changes it to
260 days. Muliplying that by $20 billion. It equals $5.2 trillion dollars a year.
Now…Using the total population of the USA according to the US Census Bureau of April 1,2000.
The poulation is 281.5 million people. We will round this up to 282 million.
That is men,women and children who were reported on the last census.
If my calculations are correct. Take the $5.2 trillion dollars (per year) and divide by 282 million comes out $18,500. per year for each “man,woman and child” in the USA.
So lets take out the age group of 0-14 years of age which by the CIA report of USA population is 31.1million male and 29.7 million female. Round that up and add comes out 61 million under the age of 15. Subtract that from 282 million is 221 million people age 15 and up to whatever.
If you figure the annual take of the figure 221 million it comes out to $23,500.per year. This is saying that if the US government would stop sending out foriegn aid ($5.2 trillion per year) and instead giving it to US citizens would give every person over 14 years old man,woman and child rich or poor an annual income of $23,500.
If my memory serves me right there was a report that the top 7% of the US population have more wealth then the lower 93% combined.
7% of 282 million comes out to,almost, 20 million people who would not need an annual income from the government.
That leaves 201 million in the 15′yo/up group. Now the figures shows each one would receive $25,870. per year.
Lets go back to the total population including all of $18,500. per year.
If each person recieved this and for the people under 15 year old had theirs put in an account for them to be received at 15. That comes out to $260,000. for each child to receive at age 15.
Now at a long term annuity. $260,000. would bring in a monthly payout of over $2,500. and never touch the principle. Or another $30,000. per year for these kids. Which now brings their annual take to $48,500. per year.
You can do the math yourself.
Realistically this would not work for anyone. For one …alot of people would quit working or never attempt to get a job.
Hence the industries would fail.No labor.No taxes or far less fewer taxes would be collected. Then the government would not be able to send out the annual income checks.
But on the other hand the govenment would still tax the,say, $23,500. the same
way as if you worked for it. And you would still be paying state and local taxes on what you purchased either goods or services. Which is where this money in the first place is coming from.
And industry would not fail because they are moving our jobs out of the country anyway.
So the USA could quite possibly be a total consumer/welfare society.
In which the wealthy could have their manufacturing plants in 3rd world countries for the cheap labor. The liberal/yuppies could still maintain their “prestigious” jobs. And the bulk of the population could live off their annual government check and have a job(somewhere),to have more,if need be.