BEST IDEA YET

[Edward Kennedy]

Maybe this has been presented before but as always, lieberals try to make simple solutions complicated and end up making things worse as in the bailout plan.

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Best idea yet!





Patriotic Retirement - This Would Work:



This was an article from the St. Petersburg Times Newspaper on Sunday. The Business Section asked readers for ideas on "How Would You Fix the Economy?"

I thought this was the BEST idea.

I think this guy nailed it!



Dear Mr.President,

Patriotic retirement:

There are about 40 million people over 50 in the work force;

pay them $1 million a piece severance with stipulations:

1) They leave their jobs. Forty million job openings - Unemployment fixed.

2) They buy NEW American cars. Forty million cars ordered - Auto Industry fixed.

3) They either buy a house or pay off their mortgage- Housing Crisis fixed.



All this and it's still cheaper than the "bailout".

[RedDog]

The problem is there are many more than that who are driving new cars, have clear titles on their (two) homes, are traveling the world, have seasons tickets for their team, and don't want to bail out anyone who didn't responsibly plot their course the same way.

[ChangingColours]

One other problem: With the current debt to income ration, most of them probably could not retire on that 1 Million.

[virgey]

I think Edward has hit on something here. In answer to RedDog, these people you speak of must be really pissed with all the money the banks have received so far and with no results and the possibility of these banks getting even more money, and no assurance it will all work. Now as to ChangingColours objection each person could get say two million and increase the eligible people to say 150 million people. Now that would cover most of the working people in the U.S. considering the population is 300 hundred million. Now when I went to school 150 times 2 came out to 300. So it would cost the American taxpayer 300 million to fix things in the U.S. Now that is a whole lot cheaper then just the 130 billion ( with a b) alone that has so far been given to AIG. AIG paid out more then that amount just in bonuses.

[virgey]

I think Edward has hit on something here. In answer to RedDog, these people you speak of must be really pissed with all the money the banks have received so far and with no results and the possibility of these banks getting even more money, and no assurance it will all work. Now as to ChangingColours objection each person could get say two million and increase the eligible people to say 150 million people. Now that would cover most of the working people in the U.S. considering the population is 300 hundred million. Now when I went to school 150 times 2 came out to 300. So it would cost the American taxpayer 300 million to fix things in the U.S. Now that is a whole lot cheaper then just the 130 billion ( with a b) alone that has so far been given to AIG. AIG paid out more then that amount just in bonuses.

Correction, I guess my math is a little rusty. Let me correct that by saying that the original number that Edward suggested would be sustainable I believe.

[doggedlyright]

everyone has to understand that these bailouts and stimuli packages are not about helping the little guy.

This is a concerted effort by the ruling class to propel the world into socialism.

[Maestro_T]

Actually,

40,000,000 x 1,000,000 = 40,000,000,000,000

That's $40 trillion, in case those zeroes are making you go cross-eyed.

[virgey]

Actually,

40,000,000 x 1,000,000 = 40,000,000,000,000

That's $40 trillion, in case those zeroes are making you go cross-eyed.

Oh, well it seemed like a good idea at first blush. Back to the drawing board.

[Maestro_T]

I thought so too, but rechecked my math a few times just to be sure.

[Red Green]

Actually,

40,000,000 x 1,000,000 = 40,000,000,000,000

That's $40 trillion, in case those zeroes are making you go cross-eyed.

Oh, well it seemed like a good idea at first blush. Back to the drawing board.

Sorry, but it was a silly idea but no sillier than the one that is going forward now to rescue the economy.

[Adammon]

Demand would immediately outpace supply for every tangible good an over 50 person could want leading to inflation unseen in North America ever.

Businesses would be devastated by the loss of intellectual capital as a massive brain drain leads to gaps that cannot be filled by incoming staff, let alone a loss in managerial expertise and trade knowledge.

There's not enough money in the world to do this anyways.

$1,000,000 doesn't last long nowadays, especially if the person lives to 80. (30 years = $33,000 a year...)

Why punish the over-50 crowd who make over $1,000,000 a year now - or have the capacity to make $100,000 for 10 years, or $50,000 for 20 years?

[The Devil's Advocate]

Demand would immediately outpace supply for every tangible good an over 50 person could want leading to inflation unseen in North America ever.

Businesses would be devastated by the loss of intellectual capital as a massive brain drain leads to gaps that cannot be filled by incoming staff, let alone a loss in managerial expertise and trade knowledge.

There's not enough money in the world to do this anyways.

$1,000,000 doesn't last long nowadays, especially if the person lives to 80. (30 years = $33,000 a year...)

Why punish the over-50 crowd who make over $1,000,000 a year now - or have the capacity to make $100,000 for 10 years, or $50,000 for 20 years?

Would it work any better if it was voluntary? A lot of industries offer early retirement bonuses.

[Adammon]

Demand would immediately outpace supply for every tangible good an over 50 person could want leading to inflation unseen in North America ever.

Businesses would be devastated by the loss of intellectual capital as a massive brain drain leads to gaps that cannot be filled by incoming staff, let alone a loss in managerial expertise and trade knowledge.

There's not enough money in the world to do this anyways.

$1,000,000 doesn't last long nowadays, especially if the person lives to 80. (30 years = $33,000 a year...)

Why punish the over-50 crowd who make over $1,000,000 a year now - or have the capacity to make $100,000 for 10 years, or $50,000 for 20 years?

Would it work any better if it was voluntary? A lot of industries offer early retirement bonuses.

Voluntary retirement would help alleviate some of these problems and create more. If not enough people take it, you're still paying the $, but not getting the benefit for it. And, because it's only $1,000,000 spread out of the average remaining lifetime of the taker, it's likely that they'll be getting more tax money later in life as OAS kicks in due to their declining funds, especially if in 30 years, inflation continues at an average rate of 2%.

[The Devil's Advocate]

Demand would immediately outpace supply for every tangible good an over 50 person could want leading to inflation unseen in North America ever.

Businesses would be devastated by the loss of intellectual capital as a massive brain drain leads to gaps that cannot be filled by incoming staff, let alone a loss in managerial expertise and trade knowledge.

There's not enough money in the world to do this anyways.

$1,000,000 doesn't last long nowadays, especially if the person lives to 80. (30 years = $33,000 a year...)

Why punish the over-50 crowd who make over $1,000,000 a year now - or have the capacity to make $100,000 for 10 years, or $50,000 for 20 years?

Would it work any better if it was voluntary? A lot of industries offer early retirement bonuses.

Voluntary retirement would help alleviate some of these problems and create more. If not enough people take it, you're still paying the $, but not getting the benefit for it. And, because it's only $1,000,000 spread out of the average remaining lifetime of the taker, it's likely that they'll be getting more tax money later in life as OAS kicks in due to their declining funds, especially if in 30 years, inflation continues at an average rate of 2%.

If the scheme involved a single, million dollar cheque, I would think most would invest a good portion of it. That way, even with the average rate of inflation you stated, an ROI greater than that could at least in theory cover that problem.

[Kate Shaw]

Buy us our own country and give us the money with no restrictions on it, and go on with your lives. In a few years we will own you all.

P.S. With $1 million I would be able to buy 1/2 the Car of my Dreams (a Koenigsegge currently sells for $2,100,000).