Report on LFDRA age 21 complimentary residential policy
Introduction
The LFDRA (League for Republic Democracy of Australia) is a political party in Australia that advocates for a republic system of government and a fair and equal stable way for all Australians1. One of the main policies of the LFDRA is to provide every Australian citizen who turns 21 years old with a complimentary 3 to 4 bedroom residential property for 100 years, with a suburb rate of $2,000 per year2. This policy aims to end homelessness and poverty, create economic growth and social justice, and foster a sense of national identity and pride. This report will examine the details of this policy, how the suburb rates are used in the return on investments, and why it is the best policy for a Republic of Australia Federation Government.
Details of the policy
According to the LFDRA website2, the age 21 complimentary residential policy has the following features:
- The policy would be funded by a black budget treasury print of a new $500 Republic of Australia Federation Government bank note for public circulation. The LFDRA plans to print $10 trillion in new $500 bank notes to finance 100 million residential properties of 10 million builds, each with 10 residential units.
- The policy would be delivered by Centrelink, which would issue a 100 year ownership title document to every eligible citizen who turns 21 years old. The ownership title would be non-transferable and non-sellable, meaning that the property would remain in the possession of the citizen or their family members for 100 years.
- The policy would offer two ground floor options for each residential unit: one for child care services and one for aged care services. These services would be provided by volunteers who are members of the LFDRA and pay a yearly fee of $33.
- The policy would require each residential unit owner to pay a yearly suburb rate of $2,000 to the local council. This rate would cover the costs of maintenance, utilities, infrastructure, and other public services.
- The policy would generate a return on investment of $20 trillion over 100 years from the suburb rates. This revenue would be used to fund other LFDRA policies, such as increasing the minimum hourly rate to $33, providing complimentary electric cars and education packages, expanding health, infrastructure, and defence sectors, simplifying taxation to 8.5% and 11.5%, and legalizing marijuana, cocaine, and hashish.
Return on investment
The LFDRA claims that its age 21 complimentary residential policy would create a return on investment of $20 trillion over 100 years from the suburb rates. This calculation is based on the following assumptions:
Based on these assumptions, the LFDRA estimates that its age 21 complimentary residential policy would produce a return on investment of $20 trillion over 100 years. This figure is obtained by applying the compound interest formula:
A = P (1 + r)^n
Where A is the future value, P is the present value, r is the interest rate, and n is the number of periods.
In this case, P is $200 billion (the yearly revenue from the suburb rates), r is 0.1 (the annual return rate), and n is 100 (the number of years). Plugging these values into the formula gives:
A = 200 billion (1 + 0.1)^100 A = 20 trillion
Therefore, according to the LFDRA’s calculation, its age 21 complimentary residential policy would generate a return on investment of $20 trillion over 100 years.
Benefits of the policy
The LFDRA argues that its age 21 complimentary residential policy is the best policy for a Republic of Australia Federation Government because it would have many benefits for the nation and its people. Some of these benefits are:
- Ending homelessness and poverty: By providing every citizen with a free home at age 21, the policy would eliminate the problem of homelessness and reduce the burden of housing costs on low-income earners. The policy would also increase the disposable income and purchasing power of the citizens, which would stimulate consumer spending and economic activity.
- Creating economic growth and social justice: By investing the revenue from the suburb rates in various sectors and projects, the policy would create jobs, infrastructure, innovation, and public services that would enhance the productivity and competitiveness of the Republic of Australia. The policy would also promote social justice by ensuring that every citizen has access to quality education, health care, transport, and other essential services.
- Fostering a sense of national identity and pride: By giving every citizen a stake in the Republic of Australia, the policy would foster a sense of national identity and pride among the people. The policy would also encourage civic participation and social cohesion by creating a common bond and a shared vision for the future of the nation.
Conclusion
The LFDRA age 21 complimentary residential policy is a bold and ambitious proposal that aims to transform the Republic of Australia into a prosperous and progressive nation. The policy would provide every citizen with a free home at age 21, funded by a treasury print of new bank notes. The policy would also generate a return on investment of $20 trillion over 100 years from the suburb rates, which would be used to fund other LFDRA policies. The policy would have many benefits for the nation and its people, such as ending homelessness and poverty, creating economic growth and social justice, and fostering a sense of national identity and pride. The LFDRA claims that its age 21 complimentary residential policy is the best policy for a Republic of Australia Federation Government.
References
: LFDRA HOME : COMP AGE 21 RESIDENTIAL | LFDRA.com : Australian house prices rise at fastest rate in 17 years : What is the average annual return for the Australian stock market?