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How to fix the economy!

S

sack

'From man's sweat and God's love, beer came to be.
Joined
May 11, 2005
Messages
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Location
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This from the St. Petersburg Florida newspaper.
The business section asked their readers to come up with ideas for fixing the economy, think outside the box, if you will.
This guy came up with the best idea, i believe he nailed it.

Dr Mr. President Obama:
There are about 40 million people over fifty in the work force, pay them $1 million dollars a piece severence with stipulations.

1) They leave their jobs, result being 40 million job openings.

2) They buy NEW American cars, resulying in 40 million cars ordered. Auto industry saved.

3)They buy a new house or payoff their mortgage, housing crisis fixed.

And all this cheaper than a bailout.


I'm sure everyone here will either love this idea or think it's too simple-minded, i like it. ;)
 
sack said:
This from the St. Petersburg Florida newspaper.
The business section asked their readers to come up with ideas for fixing the economy, think outside the box, if you will.
This guy came up with the best idea, i believe he nailed it.

Dr Mr. President Obama:
There are about 40 million people over fifty in the work force, pay them $1 million dollars a piece severence with stipulations.

1) They leave their jobs, result being 40 million job openings.

2) They buy NEW American cars, resulying in 40 million cars ordered. Auto industry saved.

3)They buy a new house or payoff their mortgage, housing crisis fixed.

And all this cheaper than a bailout.


I'm sure everyone here will either love this idea or think it's too simple-minded, i like it. ;)
Click to expand...
Sad thing is that it would be more effective than the attempts that have been made so far. Great idea though!
 
I'm no math genius but this li'l ole calculator of mine is telling me that that's 40 TRILLION dollars. If we had that much money to fix the economy I think pretty much any plan would work.
 
It's not a bad idea! One that would not work IMO

$1 million dollars just won't cut it for someone who is 50 and has to retire buy a house and a car. They would probably not have the money left to sustain themselves which will just cause major problems in the future (say 20 years down the road.)
 
Woo Hoo!!!! That means I'm less than two weeks away from retirement. Got my vote. House is already paid for, but I did just buy a new truck. Damn Sack, you should run for office!
 
amateuraficionado said:
I'm no math genius but this li'l ole calculator of mine is telling me that that's 40 TRILLION dollars. If we had that much money to fix the economy I think pretty much any plan would work.
Click to expand...

Yes, 40 trillion dollars. Certainly a LOT more than any proposed bailout. Even a hundred grand per person would be more than the bailout.

Any takers on retiring at 50 for $100k? ;)
 
Won't work. As soon as they retire, they collect social security and can take advantage of medicaid. This would actually result in a much, much higher expenditure. Not to mention the lack of qualified workers who can take up a skilled, seniority position that they vacate.
 
What if we get those that are under 40 (this means me) Who feel that their chances of social security are a wash. Are given a share of these toxic assets that they think can eventually turn some profit.

Better a chance than nothing at all.
Social security = Ponzi.
 
moki said:
Won't work. As soon as they retire, they collect social security and can take advantage of medicaid. This would actually result in a much, much higher expenditure. Not to mention the lack of qualified workers who can take up a skilled, seniority position that they vacate.
Click to expand...


Too bad you are not able to collect Social Security at age 50 unless disabled, so that is not why it wouldn't work. Medicaid is not available to everyone and if you had 1 million cash you would certainly not qualify for medicaid.

Jim
 
$1,000,000 is not very much money. Investing it conservatively at 3% will only get you $30,000 income per year. For someone who is 40 and no retirement, it makes one depressed.
 
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