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 each severance for early retirement with the following stipulations:
1. They MUST retire.
This will create 40 million job openings, theoretically fixing the unemployment problem.
2. They MUST buy a new American car.
40 million cars will be purchased and/or ordered, theoretically fixing the auto industry crisis.
3. They MUST either buy a house or pay off their mortgage, theoretically fixing the housing crisis.
It can't get much easier than that!
And if more money is needed, have all members of Congress pay their back taxes.
Crush du Jour: Glenn Howerton
6 comments:
Only problem is that would cost $40 trillion dollars if my math is right. But it would be a hell of an economic stimulus!
Where do I sign up?
Miss Ginger's not very good at math but it sounds like we'd be spending a lot to save a little....
Ya, I've seen this before. The economic answers are actually very complex (I'll let you google it), but the short answer is NO. Sadly, I'm a social libertarian, and TRULY wish this would work. However, anyone who has taken ECON I & II can point out the immediate fallacies better than I can. To sum up: sounds good, but could never happen.
Too bad. I like that idea.
Sounds like a plan. Especially the Congressmen paying their back taxes.
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