If you had a million dollars, could you stimulate the economy?

[CaddoAggie96]

Considering income tax as a bill, like my mortgage, it is by far the biggest bill that I have. I would bet it is the same for most folks. Why can't we just get a month or two break from paying taxes? That would help alot. But it will not happen.

[TexbowJ]

It would actually (now $780B) work out to around $5,000 per American worker.

Yes, you are right, it would stimulate. However, you are missing one factor:

THE "PACKAGE" IS MEANT TO BAIL OUT AMERICANS WHO PAY NO TAXES!

[Jaspro]

would throw one hell of a tbh hunt

I would to but everyone would be required to hunt with a rifle.

[glen]

Caddo you are not understanding. If you are paying income taxes you are working and therefore don't need a bail out- you need to bail more in.

[Nate Riley]

I agree with your sentiment but your math needs some work.
If the government gave all 6 billion people in the world a million dollars, that would be 6 quadrillion dollars!!

If the government gave all 300 million people in America a million dollars, that would be 300 trillion dollars. I wouldn't put it past them though. Pretty soon we'll all be taking wheel barrows of cash to the store to buy a loaf of bread (ala early 20th century Germany).

Yep. Math is wrong. But still, point being, why do we need 820 BILLION with a B?

Here we go. $820,000,000,000 / 305,000,000 people = $2,688.52

I agree though, I posted on another thread earlier that I think (if we must bail out) it would have made more sense to give the money to the citizens and let them put it back in the economy. I personally don't agree with the bailouts at all, the companies should go under. These bailouts are going to open a can of worms.

[Eagles1181]

Click this link

http://www.census.gov/main/www/popclock.html

Should be about 305 million population for the U.S. and about 6 billion for the world.

Now here is my question. Why does the U.S. government need 820 billion to stimulate our economy if everyone in the world could be given one million dollars?

Seriously, we could make every person, man, woman and child a millionaire over night; IN THE WORLD!

Why? Why do we keep getting screwed so badly? A million dollars for every one in the world is only 6 billion dollars. Hell, give everyone 2 million, heck, 10 million! 10 million to every one in the world would be 60 billion. Still some 700 BILLION less than what is being borrowed!

Dude check your numbers. The world has 6 billion people. Therefore to give everybody in the world $1.00 would be 6 billion dollars. 900 billion dollars would be about $15.00 per person. To make the entire world millionaires would be 6 million billion. (Does anybody know what number that is).

If you devide the 900 billion between every man woman and child in the US it would out to a little less than $3000 per person.

Now don't get me wrong, I don't like the idea that the US government is spending $3000 on my behalf and I think this entire plan is a load of hog wash.

Eagle

[Snakelover]

Check my math. 820 billion dollars divided by 306 million Americans is about $2,680 for each of us.

The trouble with just handing you the money is then the government wouldn't get to control your behavior, which is partly why they took the money from you in the first place. Well, that and to pay 20 million federal employees to do less than what the private sector could do with about 8 million employees.

[stang_j_99]

I think americas problem is they worry about the rest of the world to much. **** on the rest they need to take care of US first then the rest if poss.
just my.02

[bowd up]

noway it would happen then ceos would not get there bounus

[cheez]

If you had a million dollars, could you stimulate the economy?

I dunno. Gimme a million bucks and I will let you know it a few months

[Landrover]

Why can't we just get a month or two break from paying taxes? That would help alot. But it will not happen.

Too simple........so it could never happen!

THE "PACKAGE" IS MEANT TO BAIL OUT AMERICANS WHO PAY NO TAXES!

Yep, there is some of that for sure. But for some reason the folks that hire folks can't get a break in either arena.

it would have made more sense to give the money to the citizens and let them put it back in the economy. I personally don't agree with the bailouts at all, the companies should go under. These bailouts are going to open a can of worms.

They gave all these folks $600 last year and also bailed out all the big boys, it did not work worth a squat. No more giving, enough is enough........."hit the reset button".......let the chips fall where they may!

[torkers]

Landrover you got it right

[Mike D]

Too simple........so it could never happen!

Yep, there is some of that for sure. But for some reason the folks that hire folks can't get a break in either arena.

They gave all these folks $600 last year and also bailed out all the big boys, it did not work worth a squat. No more giving, enough is enough........."hit the reset button".......let the chips fall where they may!

Amen!

We now have the Government shoving 2 bailouts down our throat that over 70% of the citizenship said hell no to. There's a lot more than the economy that needs to be reset.

Brings to mind a famous quote:

"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." -- Thomas Jefferson Key heavily on the tyrants part.

It's getting closer and closer. The Government is no longer serving the people.

[WCB]

I say figure out who pays taxes in this country and divide the "bailout" money amongst those. That would give the people that normally spend the most a nice chunk of change and it would hit the stores and banks.
Of course most of mine would be at an archery shop, gun shop, day lease, feed store, etc., but would be "in" the economy...
A little would be used for some credit cards, etc. as I don't owe much now that the IRS is taken care of...

[Live2Hunt]

How about this, we dont spend 1 red nickle.

We let the companies fail that should fail and the ones succeed that are run well.

People will suffer for a very short period of time and the void will be filled.

Okay you dont like that one try this, stop the short term capital gains tax for 4 years and see what happens. You will have tons of new small business and investments flowing like crazy...