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KarmaKiller · September 29th, 2008, 08:15 PM

I heard something interesting on the radio today. I'll run it by you guys and see what you think..
Instead of using the $700b to buy bad debt, do this.
Split up that money amongst everyone that is 18 and older in this country. The radio gave a rough estimate of ~210million people then. This comes down to roughly $300k+ per person.
Now first, tax them on the money. Again, radio gave a estimate of ~$3b back right away just off the taxes. Then think, what is the average person gonna do with $300k.
1. Probably pay off their house/cars/credit cards.. debt in general.
- Think about that. How much tax money is that gonna be? Lots right. With the majority of the public paying of mortgages, that puts a lot of money into these falling banks hands, right away. Again, think of the tax money.
- Again, radio said roughly 75% of people would do this.
2. What would the other 25% do? More then likely, invest it. Again, this puts a lot of money into the economy, which would help some of these big institutions that are failing.

Now I know this will never happen. Money is power, and if everyone has got money, well, who the hell has the power??
But, think of how this could change people. Think of the homeless guy that could afford food, and a house.
Think of all the families that are knee deep in medical debt, think of how much this could change their lives.
Think of what the guy with money already would do. Another $300k is nothing to those people, more then likely they would invest it to try to make more off of it.
All in all, I see no down side to this. EVERYONE gets help with the money that's coming out of our pocket anyways. Right?

September 29th, 2008, 08:15 PM	#41 (permalink)
KarmaKiller voids warrantys Join Date: Feb 2007 Location: In my room Posts: 12,982 Blog Entries: 5	I heard something interesting on the radio today. I'll run it by you guys and see what you think.. Instead of using the $700b to buy bad debt, do this. Split up that money amongst everyone that is 18 and older in this country. The radio gave a rough estimate of ~210million people then. This comes down to roughly $300k+ per person. Now first, tax them on the money. Again, radio gave a estimate of ~$3b back right away just off the taxes. Then think, what is the average person gonna do with $300k. 1. Probably pay off their house/cars/credit cards.. debt in general. - Think about that. How much tax money is that gonna be? Lots right. With the majority of the public paying of mortgages, that puts a lot of money into these falling banks hands, right away. Again, think of the tax money. - Again, radio said roughly 75% of people would do this. 2. What would the other 25% do? More then likely, invest it. Again, this puts a lot of money into the economy, which would help some of these big institutions that are failing. Now I know this will never happen. Money is power, and if everyone has got money, well, who the hell has the power?? But, think of how this could change people. Think of the homeless guy that could afford food, and a house. Think of all the families that are knee deep in medical debt, think of how much this could change their lives. Think of what the guy with money already would do. Another $300k is nothing to those people, more then likely they would invest it to try to make more off of it. All in all, I see no down side to this. EVERYONE gets help with the money that's coming out of our pocket anyways. Right? __________________ Q6600@4Ghz \| I7 920@4.3Ghz \| E6320@3.5Ghz FAQ's ~ Team Stats My PC TechIMO Folding@home Team #111 - Crunching for the cure! Last edited by KarmaKiller : September 29th, 2008 at 08:17 PM.