The Best Economic Plan I've Heard Yet...

Now that would be a real stimulus package! Not like the crappy joke ones they've sent out in the past.

Oh, is that where that came from. I posted a discussion about someone who wrote a letter into The Situation Room and one line read: "Just give every citizen 1 million dollars and you will know who the illegal aliens are, they will be the only ones without the Mercedes Benz" It sounds good but I wonder if its just another short term fix because once I saw this documentary on TLC about millionaires and nearly ever one of them squandered their money away in a matter of years---wait, that would be a good boost to the economy, but how far would it go. Would it be going to other countries? Like tons of people flocking to Walmart, or sending money to relatives overseas. I know thats ALOt of money and I would take it in a second but I just worry about my kids and what problems Im leaving them with. How far do you think it could go Anniepa?

I heard some of what he had to say too. It sounded like a great plan to me too LOL. Someone else also mentioned that the government pay off mortgages to help the economy and the banks. I love that one too.

Hmm. It might be a short term fix, considering inflation and all, but actually that might just work. I mean if the people are given money and therefore in extension the ability to make more money and employ others...then that could reverse alot of the damage made by businesses leaving and big businesses and banks crashing!

I read something similar to watch Russell Crowe proposed. Here is the proposal I read that sounds a little more doable than $1 million per person... Hi Pals, I'm against the $85,000,000,000.00 bailout of AIG. Instead, I'm in favor of giving $85,000,000,000 to America in a 'We Deserve It Dividend'. To make the math simple, let's assume there are 200,000,000 bon-a-fide U.S. Citizens 18+. Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up.. So divide 200 million adults 18+ into $85 billon that equals $425,000.00. My plan is to give $425,000 to every person 18+ as a 'We Deserve It Dividend'. Of course, it would NOT be tax free. So let's assume a tax rate of 30%. Every individual 18+ has to pay $127,500.00 in taxes. That sends $25,500,000,000 right back to Uncle Sam. But it means that every adult 18+ has $297,500.00 in their pocket. A husband and wife has $595,000.00. What would you do with $297,500.00 to $595,000.00 in your family? Pay off your mortgage - housing crisis solved. Repay college loans - what a great boost to new grads Put away money for college - it'll be there Save in a bank - create money to loan to entrepreneurs. Buy a new car - create jobs Invest in the market - capital drives growth Pay for your parent's medical insurance - health care improves Enable Deadbeat Dads to come clean - or else Remember this is for every adult U S Citizen 18+ including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. And of course, for those serving in our Armed Forces. If we're going to re-distribute wealth let's really do it...instead of trickling out a puny $1000.00 ( "vote buy" ) economic incentive that is being proposed by one of our candidates for President. If we're going to do an $85 billion bailout, let's bail out every adult U S Citizen 18+! As for AIG - liquidate it. Sell off its parts. Let American General go back to being American General. Sell off the real estate. Let the private sector bargain hunters cut it up and clean it up. Here's my rationale. We deserve it and AIG doesn't. Sure it's a crazy idea that can "never work." But can you imagine the Coast-To-Coast Block Party! How do you spell Economic Boom? I trust my fellow adult Americans to know how to use the $85 Billion 'We Deserve It Dividend' more than I do the geniuses at AIG or in Washington DC. And remember, The Birk plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam. Ahhh...I feel so much better getting that off my chest. Kindest personal regards, Birk T. J. Birkenmeier, A Creative Guy & Citizen of the Republic PS: Feel free to pass this along to your pals as it's either good for a laugh or a tear or a very sobering thought on how to best use $85 Billion!!

To give 300 million people 1 million dollars a piece would cost 300 TRILLION DOLLARS. That's more than the entire World's supply of gold could finance. Check your math. They should just cut federal spending, shut down the Federal Reserve Bank, and get government out of the free market.

Actually for the numbers to be about the same it would only be about 2.3k per person. That would still go a long way toward getting things moving again.

Great idea, but that will never happen. I would much rather have the million (who wouldn't?) to invest or spend my way. I don't have a whole lot of faith in the government and what they do with our money. If that ever were to happen, of course we'd have to pay a tax on that million. Can't get away from taxes.

I second that notion. I saw that last night. Well said. Brilliant idea, simply brilliant.

Hey, that would be good. But of course we all know that that isn't going to happen. I have to agree it would sure boost the economy as everyone would spend a lot of it and not just hoard it in the bank, like the really rich do now. I know a few millionairs as I clean their houses, and most of them are so cheap, they don't like to spend money on anything. Then I have some that spend and spend and spend, like there is no tomorrow. Those ones are the ones that boost our economy but there aren't enough of them that like to spend their money. So I have to agree with you on this one. Not just the Americans though, they should give everyone in the world money. There should not be any poor countries, just print some more money. After all, it is only paper and ink.

I had heard one night and I believe that it was on CNN that if broken down into terms that Americans could understand and listed a bunch of facts and one was each American would get a little over $2300. I think that if the government did something like that it would really stimulate the economy. Take my family for instance, we would get about $11,000 we don't currently have that much in outstanding debt and we could actually buy something instead of paying bills like we did with the last stimulis package.

Every time I hear how much a celebrity makes for just one appearance, commerical or even a movie I think of the same thing. If that person would just give $1 million to however many people...what a difference that would make. Same goes with all those professional sports players too. I thought I was the only one who thought that way.

I realize it is unrealistic but at least he can find humor in the whole thing.

I heard about that and thought at it would be great too, but after thinking about it a little more, I realized there are some inherent problems with it. Put simply, it would lead to ridiculous inflation (too much money, chasing too little goods). Think about it. If everyone had a million dollars in their hands that would simply mean that our purchasing power would be greater, placing greater demand on the goods and services. Certainly there will be a surge in the economy, but sooner or later, suppliers of goods and services will hike up the prices of goods and services because they now know that we can all afford it. As you and I know, no matter how good an investor you are, money is a limited resource and soon we will be back to where we are with ridiculously high inflation.

How is $300 Trillion "cheaper" than $700 Billion?

I have to admit that is a very good idea! It would get more money in circulation - if you have it to spend you will - and will improve our economy greatly. I also think you are right that it would create more jobs. Great idea, now if we could only get the government to listen! LOL