Give every taxpayer over 21 years old $50,000 dollars. The cost would

[panader0]

propably be less than the "bailout" or "rescue". People behind in their mortages would have to pony up the money. Others would pay off debts or go buy cars or whatever.
The point is, the money would "trickle upward" instead of down. The banks would get their past due mortage payments, the home buyers would be rescued, the overall economy would benefit, and the money would go to the people at risk, and not the overpaid, greedy, rich asses that got us into this situation to begin with.

[frogcycle]

1. check your figures

[4 t 4]

6. Can you please check the figures

give it to everyone over 18 that is a us citizen with a SS# How much would that be? Just take 700 BILLION DOLLARS and divide it by this number. The economy WOULD BOOM!

[frogcycle]

16. 700 B divided by some *150 M

is about $4600

now I have to go kill myself. Do they not teach math in school in the US any more?

*conservative estimate - less than half the population

[Name removed]

20. Deleted message

Message removed by moderator. Click here to review the message board rules.

[WhaTHellsgoingonhere]

34. why give taxpayers who make more than...

...(arbitrary number producer spits out) $99K, $105K, $125K.. relief?

[Merlot]

2. I'd pay off student loans. The gov't holds the note on those too.

They could give us ATM cards with the 50K limit. Nice idea.

[Kurt_and_Hunter]

3. I think that totals about 11-12 trillion

[Schema Thing]

7. probably not

;)

[4 t 4]

10. Where do you get that amount? n/t

[Incitatus]

4. I'll buy some stocks

[orleans]

44. i could use some milk and eggs. we're running low. n/t

[sandnsea]

5. Maybe $5,000

maybe. They could pay off a credit card or two, have more money to apply towards their mortgage, improve their credit rating so they could get a better loan. But $50,000 per taxpayer is way too much.

[chicagoexpat]

8. People laying out the Freeper line aer SO MUCH smarter than Obama -->see thread www.democraticunderg

McCain Campaign Soliciting Trolls to Invade Web Site Forums

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x7262075

Hope you can bail out all the states w/ ur personal check book.I'm sure u can afford it

State of Massachusetts denied credit!
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=132&topic_id=7256498&mesg_id=7256498

[RUMMYisFROSTED]

9. $10,000,000,000,000.00

Ten Trillion Dollars.

That's the rough cost of your plan.

[panader0]

11. Okay, my math is wrong. But taxpayers only, over 21, how many is that?

[RUMMYisFROSTED]

14. Everyone over 21 pays taxes of some sort.

Roughly 200,000,000 citizens.

[4 t 4]

17. Sorry my calculator doesn't go that high (another indication

of how fucked up this is) but what is 700,000,000,000 divided by 200,000,000 ?

[frogcycle]

21. christ on a cracker

its 7000/2=3500

you don't need a fucking calculator to count zeroes!

[RUMMYisFROSTED]

23. Gently.

Gently.

[RUMMYisFROSTED]

22. 3500

[WhaTHellsgoingonhere]

27. where you went wrong is the "EVERY" in every taxpayer

How 'bout something that sounds something like Barack would say:

Every tax payer that makes under $X will receive $Y.

[beyurslf]

36. Taxpayer is the wrong word. How about every worked who filed a tax return.

I don't "pay" federal taxes. With the child tax credit and a high needs adoption credit, I get back more than I pay in. So, I am not a "taxpayer" at least not in the federal income tax.

[Thothmes]

47. Why 21

I was employed and paying income taxes at 18.

[4 t 4]

13. Where do you get that figure? n/t

[RUMMYisFROSTED]

19. Math.

Assuming roughly a third of the population is under 21.
Assuming roughly a third of the population is between 22-42.
Assuming roughly a third of the population is over 42.

In a country of roughly 300,000,000.

Two thirds of the population is over 21.

Which equals 200,000,000.

Times $50K.

Which equals $10T.


I thought I was done with showing my work. :(

[panader0]

24. I always sucked in math. But I like the concept. It's a "rescue"

I could vote for.

[RUMMYisFROSTED]

25. It'll never happen.

Sorry.

[panader0]

37. I know. Just wishful thinking with a Bud Light base

[NoPasaran]

12. I'd buy me a TV so big you could watch it from space!

[Jamastiene]

15. panader0 FOR PRESIDENT!

Me likey your plan. :D

[frogcycle]

18. except for the part about being some fifteen times bigger than the $700B

[getthefacts]

26. 260,000,000

If I understand the Census data correctly, there are roughly 260,000,000 people over 20 in the US. Divide the proposed $700 Bil you get an average of $2,700 per person. By the way, does anyone remember what was the cost of the last economic incentive package?

Great Link for this info:
http://factfinder.census.gov/

[4 t 4]

28. ok then how about everyone over 38

what is the math then. Heheheheheheheh sorry!

[RUMMYisFROSTED]

32. !

[4 t 4]

33. Sorry, I suck ! Your hilarious n/t

[RUMMYisFROSTED]

29. $13,000,000,000,000 is the cost in that case.

13 big T's.

[panader0]

31. How many of those filed a tax return last year?

[Gregorian]

30. It would be about $3000 per person.

Assuming demographics of 21 year olds make up about a quarter of the population-

$700 billion divided by 3/4's of 300 million is just a little over three grand per person.

Not much. Unless you realize we spend that much every other year on the military. How productive. But I digress.


However, if you cut the number of people who get that money down to a small amount, then we're talking big bucks. That's the Bush plan, I believe.

[leftofthedial]

35. we need to convert to a demand-side economy

the wealthy parasites and their repuke stooges have had a free ride for far too long.

[pnwmom]

38. So we each pay $5K in taxes in order to receive back 5K as a "gift."

Doesn't make a whole lot of sense to me.

[WhaTHellsgoingonhere]

39. nevermind LOL

Yep, you guys are right, about $4k for those aged 25+ and make less than $100K.

source: 2006 US Census Bureau
http://pubdb3.census.gov/macro/032006/perinc/new01_001.htm

[WhollyHeretic]

40. Those numbers are way off too. 94% of americans is not 16 million

[WhaTHellsgoingonhere]

41. LOL I'm getting there...

:rofl: Damn! I need to clean this up!

Yep, you guys are right, about $4k for those aged 25+ and make less than $100K

[anigbrowl]

42. People who have trouble with basic math should probably avoid making economic proposals

I mean seriously guys, if you can't get very very simple division and multiplication right, do you really think you've got a handle on how the economy works? I'm not talking being able to do calculus in your head or anything, but if you can't handle arithmetic then you have no business arguing about this stuff.

[The Inquisitive]

43. Wasn't it just a short while ago we were mocking a plan similar to this...?

Do you not recall the Economic Stimulus act of 2008?
http://en.wikipedia.org/wiki/Economic_Stimulus_Act_of_2008

Same idea, just not to your proposed absurd magnitude.

[OakCliffDem]

45. Now that would be a stimulus package

[McCamy Taylor]

46. This sounds like something Ron Paul would do.

Here is a thought. Give every American a choice:

1) a piece of military equipment such as a tank, jet fighter, submarine, aircraft carrier, nuclear missile, rocket launcher by lottery. Obviously some are worth more than others so they would be given away in a lottery. When you get yours, you sell it on the world market.

2) a chunk of a national park. Same deal. You can either live there or sell it.

3) something from one of the national museums. The Smithsonian and the National Gallery of Art have some real treasures.

This would be so much fun that people would forget all about the recession. Imagine acquiring your very own Turner that you could sell at Southerby's for $1,000,000 for doing nothing.

The lotteries would be staggered, otherwise the uber-rich of the world would go bankrupt trying to buy all the stuff.