An exercise in equally distributed wealth:
There is an estimated $100 trillion of wealth in the world and an estimated population of around 7 billion. Divvy that up equally and each person will get around $14,000.
So we’ve reset humanity and each individual has a personal wealth of $14,000. Keeping the international birth rate at 360 births per day, that means that every day, everyone’s share of the pot decreases by approx $1, meaning that by 2050, everyone’s share of current global wealth will be zero.
Next, we have to sort out the wage issue. Global GNP is estimated to be around $71trillion per year and let’s say 75% of the global population are of working age. That gives everyone an annual salary of around $13,500.
Next, we take away what governments will need to spend to keep us all alive. The average Government tax revenue is around 20% globally, so that will reduce everyone’s income by approx $2,700 per year, giving everyone a take-home salary of $10,819 per year, or $902 per month.
Next, we have to equally distribute housing, which means knocking down all existing homes and rebuilding equally sized homes for everyone. Let’s take an average household of 4 individuals, the means we’ll need to build approx 1.75billion new homes globally.
If we say the global average size of a dwelling is 80 square metres and average cost of building a home is $200 per meter squared, that brings the cost of building a new home for everyone to around $28trillion. So let’s remove that from the government tax revenue and what we get is a one-off tax bill per working individual of approx $5,300, remove that from the annual global take-home for the first year (the government can’t borrow as the capital markets have been disbanded by the way) and we have a miserly $457 per month.
But hang on, we forgot the cost of energy. In 2008, between $5.5 & $7.75 Trillion was paid for fuel and electricity worldwide, so we’ll take a conservative estimate of $6trillion. Let’s divvy that up between our new, equally sized households and you get a cost of $3,400 per year, per household. If we assume that our average household of four consists of two working individuals then that takes another $142 from the monthly take-home, leaving approx $314.
Now let’s look at cost of living, a survey of 1000 cities globally puts the total consumer price of items at approx $164 per person, per month. Don’t forget 360,000 new mouths to feed every day.
So there are two things here, first, we have our working population who are taking home $314 per month, given that we’ve assumed each household has two working individuals and that the average household contains 4 people, that gives each working individual a bill of $328, giving them a deficit of $14 per month.
Next we have the first elephant in the room, our birth rate. The global population increases (at current levels) by around 2% per year, that means that every year, take home pay will reduce by 2%, don’t forget the extra tax revenue the government will need to spend on the expanding population. Let’s say a conservative estimate of a total 3% cost increase per year, add that to the take-home and you get a perpetually reducing income.
Given that capitalism has now ceased to exist and there is no new wealth generation, we can estimate that within 60 years (conservatively keeping birth-rate at 360k per day), households will not have enough income to pay for energy and food unless there is some kind of population control put in place.
Given that there is no new wealth generation, then the global population must be maintained at equilibrium for eternity. This will mean that for every birth there must be a death. In 2011 there are projected to be around 130 million births and 55 million deaths, that gives us a short fall of 75 million. This means that on average, for every new person born, 2 people will have to be executed. Or, we limit the number of new births, but given our shortfall, this means that within 2 years we would have to cease new births altogether (we haven’t factored-in the cost of all these controls by the way).
So in a nutshell, what the #occupy movement are demanding is poverty and famine for all, necessary execution for some, or an eventual ban on reproduction.
THINK IT THROUGH!!!