USCF Supplemental Income Benefit (SIB)
America’s welfare programs required recipients to persist in their impoverished status in order to maintain their benefits. If a citizen obtaining support from current welfare programs attempts to improve their station in life, they are quickly removed from their safety net. America’s current structure results in generations of families and ever-increasing numbers of single parents completely dependent on welfare, stuck in a substandard government-subsidized way of life. Despite spending more than $40 trillion on welfare and entitlements programs since 1935 the poverty rate in the U.S. has never dropped below 11%. As the U.S. population increases the total number of poor in America also increases. Politicians have failed to reconcile inequality through legislation and actually have made the progress of many citizens consequently worse with welfare programs. USCF corrects these mistakes while providing equal opportunity for a better quality of life in pursuit of the American dream.
USCF’s Supplemental Income Benefit (SIB) is the primary method of supplementing the income of low-income earners. Most economically disadvantaged people have a strong desire to work for a better way of life. Many individuals who previously relied on government support have become constrained by America’s welfare programs that keep them poor. It is well established that equitable income provides the hope necessary to lift people out of poverty and help them become part of the middle class. More people moving into the middle class not only improves opportunities for them and their children but helps reduce the overall cost of government programs.
All former entitlement programs are absorbed into the USCF to eliminate bureaucracy and increase efficiency. The Supplemental Income Benefit is the main program of USCF that replaces all welfare programs with a single payout system. Programs utilizing SIB turn a citizen’s USCF Virtual Currency (VC) into real dollars in the form of Supplemental Income Pay (SIP). It then becomes the responsibility of citizens who receive SIP to ensure that their needs and their family’s needs are properly managed. Citizens can request assistance from their State Monitoring Service (SMS) to help them set up automatic payments for bills, find childcare services, a better health care program, insurance, or other needs. It is not the goal of the SMS to dictate how citizens utilize their SIP; however, if Fraud, Waste, or Abuse (FWA) is detected then SMS will take control and may impose constraints on benefits.
The Supplemental Income Benefit is available to adult USCF members who earn less than the yearly median income. The median individual income was $51,500 in 2021 and $79,900 for household incomes. Citizens who perform any form of work including internship or residency can have their income boosted through SIP for up to 40 hours per week. SIP will also match up to 40 hours of volunteer work each week; however, combined work and volunteer hours per individual max out at 60 SIP hours per week. Citizens who only perform volunteer work can receive up to 40 hours of Supplemental Income Pay which may be augmented by other USCF programs, such as Disability Income Pay (DIP) or Retirement Income Pay (RIP). If a citizen is able to work but does not have a job, they must file for the Unemployed Support Benefit (USB) to receive supplemental income.
USCF supports volunteer work through Supplemental Income Pay because volunteering gives people a sense of purpose and value in their lives. The neuropsychology of volunteering demonstrates that volunteers are rewarded with happy hormones that can improve their outlook on life. Volunteering can teach new workers basic skills, help with social interactions, and even mitigate melancholy. In the future, as jobs disappear due to advancements in technology, volunteering may become a primary income source for some individuals.
The states supplement worker pay through a process called Cost of Living Allowance (COLA). The amount of the COLA varies from state to state and from city to city within the states. The COLA rates will invariably be higher for urban over suburb and suburb over rural areas. While the states set the COLA rates for their communities based on increases in the Consumer Price Index (CPI), USCF does not permit states to set the COLA for socioeconomically disadvantaged communities less than the average COLA for surrounding communities. Also, keep in mind that under USCF with the Currency Usage Tax there is no income tax on wages.
A Single male works part-time 20-hours per week and earns $10.400 per year. Matching 20 work hours per week at 10 per hour for 52 weeks his Supplemental Income Pay is $10,400. His new yearly gross income is $20,800.
A single female works part-time 20-hours per week and earns $15,600 per year but she also does volunteer work for 30-hours per week. Matching 20 work hours and 30 volunteer hours per week at $10 per hour for 52 weeks her SIP is $26,000. Her new yearly gross income is $41,800.
The father of a couple with 3 children works 40-hours per week and earns $37,440 per year. The mother volunteers for 40-hours per week. Matching 40 work hours per week at $10 per hour for 52 weeks the father receives $20,800 SIP. Matching 40 volunteer hours per week at $10 per hour for 52 weeks the mother also receives $20,800 SIP. Their new combined yearly gross household income is $79,040.