I received this in my Inbox this morning. It’s brought up some interesting discussions elsewhere. I’d love to hear your thoughts:
This is from an article in the St. Petersburg Times Newspaper on Sunday. The Business Section asked readers for ideas on “How Would You Fix the Economy?”
I think this guy nailed it!
Dear Mr. President:
Please find below my suggestion for fixing America ‘s economy. Instead of giving billions of dollars to companies that will squander the money on lavish parties and unearned bonuses, use the following plan.
You can call it the Patriotic Retirement Plan: There are about 40 million people over 50 in the work force. Pay them $1 million apiece severance for early retirement with the Following stipulations: 1) They MUST retire. Forty million job openings – Unemployment fixed. 2) They MUST buy a new American CAR. Forty million cars ordered – Auto Industry fixed. 3) They MUST either buy a house or pay off their mortgage – Housing Crisis fixed. It can’t get any easier than that! If more money is needed, have all members of Congress and their constituents pay their taxes
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{ 3 comments… read them below or add one }
Love it!
Well, it’s a wonderful thought, but the math is all wrong. As we point out in our blog at http://www.snarlyboodle.com/self-scamology-101/ , if 40 million people each get 1 million dollars, that’s 40 Trillion dollars. The bailout has cost (so far) 11.6 Trillion, and has given the taxpayers equity in the bailed-out companies. The US could not afford to simply give away 40 Trillion dollars (which it doesn’t even have), and the 11.6 Trillion would not help at all in the manner explained above.
Hey SnarlyBoodle! Thanks for the comment.
Your post pretty much sums up what the discussion on my Livejournal looked like the day it landed in my Inbox. It’s good to see that some folks still know how to operate a calculator.
Hope to see you stop by again.