By Noah Graff
What if instead of giving all the bailout money to the reckless, untrustworthy banks and incompetent automakers our government just gave the money to the people? I’m not talking about 500 dollar “stimulus” checks. Say all of this aid money, maybe about $10,000,000,000 ($10 trillion!), was distributed to 100 million tax paying units in the U.S.? The people – our people, rich and poor, would get $100,000 each, and surly they would do some awesome things to stimulate the economy. Think about what people might use the money for – cars, houses, college educations, stocks, bonds, starting new businesses – not to mention depositing the money in the bank. So the banks would get their liquid too! What if people got half that amount, a quarter? What would you do with $25,000?
Personally, I’m very skeptical that the recipients of the current bailout plan are going to use the money wisely. Like so many people, I am scared that they will not learn from their mistakes. I fear we may be throwing our hard earned dollars into a black hole.
I say let the people fix the economy!
Question: Would giving $100,000 to every U.S. tax payer be a better way to save our economy?
It sounds great, but it would never happen. I totally agree with your sentiments though. No one takes care of your money as well as you. Between the rotten politics in Illinois, the reception of Pres. Obama’s first big bill, the way the CEOs have handled the billions of taxpayer dollars and jobs dropping like immigration requests, I’m not surprised that the the lines for McDonald’s dollar menu are as long as the lines outside WorkOne. We’ll be the first and only obese, broke nation on record.
Sounds GREAT!!!! I could sure do alot with the money! Pay off my house, get a widescreen HD TV, maybe take the kids on a long vacation. BUT, if you think about it, most of the products bought are from foreign countries. If I buy a HD TV, chances are the money will go to Japan. If I buy a new domestic car, the parts made are from around the world. Seems like the only logical thing to do is start a business right? But what is there to make that China cant make cheaper? Invest in kids…..I think thats the way to go. We need smart kids to make new tech. That way we can change back from a warehousing country back to an industrial leader.
Sounds good, I sure could use the money for kids college funds but I’m afraid we would see a lot of the irresponsible behavior like in a lottery winner.
At a quick glance, it sounds “nice”, but let’s hope that does not happen, the world will see us as fools who print money as needed and then avoid our financial institutions like the plague…
Большое спасибо. Появилась умная мысль, но она потребует полной реорганизации моей идеи, займусь в выходные. И сразу поделюсь информацией с читателями блога!