I believe that we should issue food stamps from the International Monetary Fund to each of the 7 billion inhabitants of our planet. We should do this every month for twelve months as an experiment. The world corporations have received handouts from governments since 2008.
The total cost of this program depends on the amount of the monthly stipend. I suggest $100.00 per month.
The wealthy will laugh at the amount of their check and the poor will cry at their new found wealth. Large families will benefit most and will start their own businesses. This will create a "trickle up effect".
The monthly cost will be $700 billion which will be much lower than the amounts which are pilfered from the public treasury by the rich each month.
The annual cost of this program will be $8.4 Trillion Dollars. This infusion of capital into the poorest regions of the world will reap the greatest benefit to the world economy. Economics is people.
Now, I realize that the wealthy will balk at giving $1,200.00 to each person because this will reduce the pool of slave labor. A family of four will receive $4,800.00 which is more than they have seen in a lifetime.
Therefore, I propose an alternative plan reducing the payment to $10.00 per month or $120.00 annually. That will give a family of 4 just $480.00 annually.
The rich will scoff at the pittance. The poor will feed themselves and improve their lot in life.
The monthly cost to the IMF will be only 70 billion dollars. The annual cost will be $840 billion dolars. This is less than ONE Trillion Dollars to solve the problem.
Offer the world banks a one percent transaction fee and they will distribute the funds from the world bank.
The banks can collect ID information from each payee and we will have a worldwide census completed for the price. Every man woman and child in the world will have a bank account for direct deposit of their funds each month.
Everybody wins; the people, the governments and the corporations. The price tag is $840 Billion dollars to end world hunger for one year. Its a bargain at the price. The money will be spent and recirculated in the economy and some of it will be saved improving deposits.