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...
If you think this would work, please forward to everyone you know.
If not, please disregard.
FW: Interesting worth the time to read
5/14/2009 05:26:00 AM
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Key Words:
BARACK OBAMA,
CONGRESS
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11 comments:
This is a cute one with fuzzy math. They want you to think of it like this 40 X 1 million = 40,000,000 but in the real world it is 40,000,000 x 1,000,000 =4,000,000,000,000 without spending on anything else.
Wow what a plan, give people lots of money with a few strings attached. I've got a few relatives and friends who, through lottery and lawsuits, came into a million dollars or so apiece. They all pissed it away in short order and were broke within 3 years.
So, lessee, Mr. SmartyPants St. Petersberg (commie!!)
"businessman"... what you're saying is that you're annoyed that Pres GWBush-shrub gave away TARP/bail-out munies to craven right-wing businesstards with no strings attached, and those greedy pigs acted like the lowdown swine they are (in other words: no suprise) and spent YOUR tax munies on hookers & blow & damned expensive crappers, etc.
Is THAT what you mean?
In THAT case, for one of the very few times in my life, I am in absolute AGREEMENT w/ a conservatard: I am also pissed off at W for doing that, too, also, you betcha wink wink... and so on, also, too.
I love the smug, self-righteousness of this blindingly dumb idiocy. I am over 50 and would LOVE to retire and open up my position to someone younger. AND I am eligible for a pension AND I have other money saved (albeit, thanks to the Bush Admin, much less in my accounts now than 9 months ago).
However, I have also had Power of Attorney for my aging 'rents (who, close to 90, show no signs of checking out anytime soon), including managing their money, etc.
Let me be very clear: $1mill ain't what it used to be. Setting aside all of the good points made by previous posts, let's just assume for one nanosecond that it was finacially feasible to do this, and that people would be "responsible" with the money.
$1mill ain't enough, esp if you are forced to (Hey! isn't THAT a form of the dreaded marxist/ lenonist/ stalinist/ hitlerist/ democrat socialism?????) 1) buy a new car, 2) either buy a house or pay off your mortgage.
EVEN with the advantages that I enjoy (reminder: a pension and other savings), $1mill "extra" would not enable me to retire right now, even tho I live frugally.
Drrrrr... as usual the eff-witedness of GOPasuarus party never fails to astonish.
Agreed with anonymous above. But, even assuming this worked and it was financially feasible to retire on 1 million (I'm assuming that's tax free, right, because otherwise, its only about 650K), the economics of it are stupid. Assume most of these people already have a house and a car. Maybe they buy a second or vacation house, but more likely they sell one of them. So, how does that help the housing market? It just pushes the demand around a lit bit, but in the end, a lot of these houses will be sold again. And, second, what about cars. Sure, it will boost demand a little, but let's say you don't want a second car or an American car. There will be glut of resold, lightly used American cars that will gut demand for American cars. Why buy a new Ford, when a 1 month old one with 1000 miles can be yours for 35% off.
Of course, I would also point out that reitrees often don't get health care, so they may not want to drive that car or leave the house until Medicare kicks in...
I can only imagine how crappy American cars would get if we were forced to buy them.
Even IF all of these retirees invested their $1mill
"responsibly"... like, uh, let me point out what happened to "responsible investors" (there are legions out there) who got screwed & reamed in the glorious late summer of 2008. It will take years, if ever, to re-grow those investments back to some credible financial level.
Agree w/all above posts, plus how does $1mill translate into financial security for the potentially 40 to 50 years that many of these rather young retirees are going to live??
Is this St. Petersberg businesstard proposing increasing HIS/HER Soc Sec & Medicare TAXES to ensure that this influx of young retirees have something to look forward to, other than fighting each other for a spot under the bridge and for part of that patch of grass (to eat, not smoke!!)???
Oh, taxes?? didn't think so....
$40 Trillion. That should end conversation on this joke.
Why was this even posted? Aren't you guys against the bailout. Why, in order to make the bailout look dumb, would you post an even more retarded proposal? Impressive.
Actually, that comes to 40 TRILLION dollars, or about 40 times the size of the stimulus package that actually managed to squeak through Congress, ten times what even the most Keynesian economists in the US believe would be necessary for stimulus--and about seven years' budget for the entire US government. What an innumerate chimp!
Someone above put the price tag of this plan at 4 trillion dollars. In fact, it's 40 trillion. I'd say that this would seem to run counter to the message of the teabaggers, but of course, when a right-winger proposes spending, too much is never enough.
All are good posts and offer SANE & reasoned points of view. I think this can be summed up by saying that, sadly (for us and our country), most of these wingnuts have been trained and brainwashed to celebrate stupidity, lack of any logical thought process, and to not question authority or THINK at all for oneself or think anything through.
Plus the GOP has made a damned good effort at dumbing down the nation in general by ruining K-12 education, mocking & deriding tertiary education, and dumbing down the discourse (aka: Rush, I'm talking to you) to the lowest common denominator.
Hence: the Bible Spice grifter who was absolutely worshipped by the conservatard masses, and let's not get started on not-Joe the not-Plumber (I mean: wtf??).
And so, when these lame-brains wish to criticize the current Admin, their "ideas" reek of their outright stupidity and the paucity of anything remotely resembling a "good solution."
Hence, someone like the Gov of South Car., Sanford, can be parroting out there that we need to change Soc. Sec. (one of the few programs that has worked really well, albeit it does need more money and overhaul) into private savings plans. And these ultra-maroons - who just had their 401(k)s RAPED by their economic "betters" - are all out there at their idiotic teabagging parties shrieking: YES, YES, oh lord & master, rip me off even more!!!!
They are teh stupid, and the object lesson here on this website should be: NEVER AGAIN.
We really must sincerely guard against this idiotic rabble being given any kind of power like they had the last 8 years. The obscenely wealthy are just laughing all the way to their off-shore accounts....
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