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End to Poverty: (Theory)...

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The title of this post is "End to Poverty" in countries with small population (less than 5 million people)...(Theory)... 

The keyword here is ONE MILLION DOLLARS...A Million dollars is the key to end WOrld Poverty...ONE MILLION DOLLARS is the key to end poverty in Panama and if successfull all around the world...I got the idea from Pirates Treasures and how drug lords will store money for their great grandkids...Here it goes...What if A family had a treasure that was kept secret from everyone in the family...What if for example the Jordan family (the basketball player) had a fortune and that fortune was used and kept from Generations to Generations (That's the keyword)...What if Great great grandpa had a fortune and that fortune has been used and well kept from generations to generations...Well it occurred to me that what if a nuclear family had 1 million dollars...When i say nuclear family i mean family with the last name, i don't mean the family that is form when a girl from the family joins a guy from a different family and they all form a family...Now ask yourself the question...What if Each member of the Jordan family had his own house guaranteed whe he turns of age...The one million dollars that each family would have is not to be spent...It will be only to buy houses (i am thinking in Panama here)...They will GATHER the earned interest that 1 million will generate in this case 60,000 dollars and use it to buy each member of the family a house...But remember the family CANNOT SPEND THE 1 MIllion dollars, they will keep the 1 million dollars as a family value (something really valuable that belongs to the family from generations to generations)....The interest earned from the 1 million dollars is and would be only to buy houses, NOTHING ELSE...Realize something, the way things are in Panama right now, with 60,000 dollars coming to you each year you can afford to buy a house each year, here in Panama in a subdivision...In the United States that amount might have to be 2 or 3 million dollars per each family name...Remember here in Panama they may be lots of families and that because each member of 1 family join another member of another family and united forming a family...But if you trace back the original family name to the big family, there aren't too many big families.....There are less big families than there are regular families...Let's use the Jordan Family And we are going to start from Michael Jordan down...Suppose Michael Jordan had 3 brothers and 2 sisters.....With that 1 million dollar that the Jordan family would have in 6 years they could have bought each brother and sister a house including Michael Jordan's (Assuming they were living in Panama)....Now supposed each brother had 2 kids (assuming they just had them)...You would have 18 years or should i say 25 years to prepare to buy the kids a house for 18 years is kind of too young to own a house/home... 

Like how i was saying you will have 25 years to wait to gather 120,000 dollars to buy each of the 2 kids that 1 brother of michael Jordan had...So if you multiply 2 kids times 3 brothers is equal to 6 houses total...And 6 houses can be bought in 6 years..So that's 12 years total...

So now we covered the michael jordan's brothers now left back the sisters...Remember we said that michael Jordan would have 3 brothers and 2 sisters...Now assume that each sister had 3 kids (again we are not taking into consideration that each sister and brother of michael jordan may not have the kids at the same time, but we are assuming they will have it at the same time...)...So that's 3 kids mutliply by 2 sisters which equals to 6 houses, which can be gathered in 6 years...So that's 12 years plus 6 years equal 18 years, enough for the first kid to turn of age...But he haven't counted Michael Jordan's kids...Suppose he had 3 kids? that will be 3 houses added, so 3 years can be added to those 18 years making a total of 21 years...

And remember something, imagine if each big name family had 1 million dollars, then each side when they get married would have to put down half the money or 30,000 dollars and the Jordan family puts down the rest 30,000 dollars so the time is cut in half, from 21 years to half the age, and that will be 11 years...And i think is safe to say that a kid can have his own house at age 21 even though i think is too young..Most people don't get their houses bought at age 21...Will like to clear up something...This was assuming Michael Jordan was a common/regular person and not the popular celebrity he is now...

And remember each brother and each sister is not going to have kids at the same time giving the family more time to buy the kid's houses...For example, 1 kid might be born today, his cousin might be born 4 years from now...This in turn gives the family 25 years to come up with the house of the kid that was born today and 29 years to come up with the house of the cousin that was born 4 years later....But for this to work there ought to be like a consultant/adviser who consults/advices the family what's the best option, just the same way people have financial advicers...And people will work but what's the happiest feeling knowing that your house is bought (secured) and that you only have to worry about a car and furniture....

But again this will work if the families don't have like 20 brothers and sister but normal like 3 or 4.....Also for it to work the value of money has to be the same as it is now and continue to be that way for the distant future...We don't need to forget that 10 dollars now doesn't have the same value it had 30 years ago or 50 years ago...

note: A city may have 100,000 people but out of that 50,000 may be big families with their last name, i am talking if you trace it...

Remember the word "family Pyramid"....

 

Entry #64

Comments

1.
TenajComment by Tenaj - November 13, 2007, 6:36 pm
I love your musings.
2.
Comment by pumpi76 - November 14, 2007, 2:42 pm
thanks Tenaj...
3.
LANTERNComment by LANTERN - November 24, 2007, 5:21 pm
Here is the link as I forgot to post it:

http://www.lotterypost.com/thread/151946

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