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+++ Categories = ["Development", "GoLang"] Description = "" Tags = ["Development", "golang"] date = 2014-08-25T22:36:56Z title = "Somegood.org" draft = true

+++

Let's think about education for a minute.

Public schooling is an investment in future income tax returns. (It should be a broader investment in societal good, but for the moment let's treat the state as a self-interested actor.)

The average US state spends $10,608 a year to educate young people. (With a range from $6K to $19K).

Over 13 years, that's $137,904.

Median income over the age of 18 is $24,062. Over the age of 25, it's $32,140 (Minimum wage is $15,080).

Regardless of the federal income tax, however, there is a large proportion of the income to the government that is earned from payroll taxes on this labour. Additionally, corporate income tax is accrued to the benefit of this additional labour force.

Altogether, we can estimate that at the average income level, these new graduates will produce $4,900 per year in tax revenue.

Ignoring black shoals for a moment, it will take the first 26 years to pay back the investment we have made.

Assuming 47 years of work (until 65), the next 21 years should net another $100k, for an annualized return of 1.184%

However, if we could drive that median income up to $50k... That's an extra 1.2M earned in that worker's lifetime. And an extra $237K (ish) in taxes paid, for a return of 2.671%

$200 a month of your new income, for 2 years.

http://www.infoplease.com/spot/momcensus1.html

Follow Canada's example - educate Single Mothers and help them find employment, http://www.cbc.ca/news/canada/more-canadian-single-dads-head-rise-in-lone-parent-families-1.1290201 http://www.dinkytown.net/java/AnnualReturn.html http://pgpf.org/budget-explainer/taxes http://www.justfacts.com/taxes.asp http://en.wikipedia.org/wiki/Personal_income_in_the_United_States http://www.nationmaster.com/country-info/stats/Education/Spending-per-secondary-school-student http://www.washingtonpost.com/news/post-nation/wp/2014/05/23/heres-how-much-each-state-spends-on-public-school-students/ http://epsl.asu.edu/epru/documents/EPSL-0508-116-EPRU.pdf

http://www.businessinsider.com/facts-you-dont-want-to-know-iq-2011-11?op=1 http://infosthetics.com/archives/2011/10/the_atlas_of_economic_complexity_visualizing_global_economic_growth.html

Could we increase general IQ?

http://en.wikipedia.org/wiki/Flynn_effect http://en.wikipedia.org/wiki/G_factor_(psychometrics)

  • 5g of creatine a day
  • Do puzzles
  • Play Scrabble
  • Play Video Games (FPS)
  • Cardio training

http://anepigone.blogspot.ca/2011/01/average-iq-by-occupation-estimated-from.html http://en.wikipedia.org/wiki/Project_100,000 http://en.wikipedia.org/wiki/Intelligence_and_public_policy

https://www.dor.ca.gov/Online/DR-222/Online-V-R-Services-Application.html http://work.chron.com/job-finding-people-low-iq-28121.html

http://www.bls.gov/news.release/famee.t06.htm

http://anepigone.blogspot.ca/2011/01/average-iq-by-occupation.html

USE Income Share Agreements! June 2014: http://online.wsj.com/articles/the-weekend-interview-escaping-the-student-debt-trap-1402699281

http://www.aei.org/files/2014/02/26/-investing-in-value-sharing-in-risk-financing-higher-education-through-inome-share-agreements_083548906610.pdf

Reinvent professional education (again)

Solo attempts:

http://www.slate.com/articles/business/moneybox/2014/04/income_share_agreements_instead_of_taking_out_loans_students_sell_stock.html

Lumni Upstart Pave http://www.cumulusfunding.com/ http://en.wikipedia.org/wiki/Human_Capital_Contract

3% for 5 years (Lumni basis)

HUMAN CAPITAL CONTRACT IN BITCOINS

Open Source Micro-finance using HCCs

http://timreview.ca/article/402 - Mifos Advisor: Adam Feuer Adam Feuer is Director of Engineering at Grameen Foundation's Mifos Initiative. He founded the network scalability solution provider F5 Networks, the internet service provider IXA (now part of Savvis Networks), and helped launch Amazon's grocery delivery business Amazon Fresh. He specializes in mission-critical business applications built using open source software and Agile methodologies. His passion is creating great teams to solve difficult problems.

https://mifosforge.jira.com/wiki/display/MIFOS/Mifos+Cloud+Foundry+Package http://www.openmf.org/who-we-are/our-story/

Grameen Foundation