Thursday, January 29, 2009

Still another way to spend $4,000,000,000

Some might argue that giving $50K to folks making less than $50K/year is extravagant, or otherwise an unfair redistribution of wealth.

Okay - how 'bout we just give folks an amount exactly equal to their annual incomes? (In addition to that income!)
If your household made $30K, you'd get a check for $30K.
If your household made $70K, you'd get a check for $70K.

Since this is supposed to help those who can't help themselves - and reduce the toxicity of bad mortgage and credit card derivatives - we'll restrict our attention to those households making less than $100K/year - the lower 80% of households.

This plan would cost about $3,968,259,612 - about the same as the $4,000,000,000 being contemplated to acquire toxic assets!

No comments:

Post a Comment