The Best Economic Plan I've Heard Yet...  |
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The best economic plan I've heard so far didn't come from a politician or an economist or even someone from Wall Street; it came from Hollywood, of all places! Russell Crowe was on the Tonight Show last night and they spoke for a few short seconds about our current crisis and here's what he proposed instead of a $700 billion bail-out:
Give every one of us 300 million or so Americans a million dollars to spend as we please! It would be one heck of a lot cheaper and it would definitely stimulate the economy and probably create lots of jobs because I'm sure many of us would use some of the money to start new small businesses. I was never even a particular fan of his but by God I think that's a brilliant idea! Annie
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11. rjscott (3074) | 1 year ago | Good grief! That thought never occurred to me, but it sure IS a good idea and it makes LOTS of sense.
Unfortunately it'll never happen, because the government doesn't do much of ANYTHING that makes SENSE.
Can you imagine how the economy would rebound though?
People would buy houses, cars, furniture, clothing, provide for higher education and so much more. I'd be able to afford a 4-pack of Natural Light, for heaven's sake!
Memo to self: Good ideas come and go. Too bad most of our politicians don't just "GO"! (C) 2008 RJScott
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rjscott (3074) | 1 year ago | I neglected to say that if that were to happen, the first thing the government would do issnend the IRS to take half of that million away from us.
Still, $500K could go far in helping the economy and the IRS would have $150M more in its coffers.
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| dlbruce85 (68) | 1 year ago | The math is incorrect, the plan would not work. To give every workign person in America $1 million would require us to print $300,000,000,000,000 dollars, thats 300 TRILLION, more than the entire world's gold supply could back. It would reduce our dollar to the value of dirt instantly. The MATH IS WRONG. THE PLAN IS WORTHLESS.
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rjscott (3074) | 1 year ago | Well, I'll still take a buck for a start.
If you need my address, please advise. I'll hold my breath until I turn blue.
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12. finer_things (233) | 1 year ago | Every time I hear how much a celebrity makes for just one appearance, commerical or even a movie I think of the same thing. If that person would just give $1 million to however many people...what a difference that would make. Same goes with all those professional sports players too. I thought I was the only one who thought that way.
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| dlbruce85 (68) | 1 year ago | If those people who already have millions of dollars shared their wealth they could make alot of people wealthy and still maintain a very fortunate life style. This could be down out of generosity with the money already in circulation, therefore not inducing more inflation. It would be wonderful if they were that generous to care about the little guys that watch and pay for their movies and sports games....but they aren't.
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13. KATRINKA (1038) | 1 year ago | Great idea, but that will never happen. I would much rather have the million (who wouldn't?) to invest or spend my way. I don't have a whole lot of faith in the government and what they do with our money. If that ever were to happen, of course we'd have to pay a tax on that million. Can't get away from taxes.
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15. MoonlightSerenade (998) | 1 year ago | Ooh ooh, sounds good annie! LOL. Lots of people would overindulge and croak, too. Fewer people to support. I like it.
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| dlbruce85 (68) | 1 year ago | read my posts in this discussion please, this math is wrong it doesn't work out right, Someone should remove this post it is misinforming people and seriously distorting the basic laws of math lol.
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16. Lee_Rites (512) | 1 year ago | I realize it is unrealistic but at least he can find humor in the whole thing.
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| 17. padonk (5) | 1 year ago | I heard about that and thought at it would be great too, but after thinking about it a little more, I realized there are some inherent problems with it. Put simply, it would lead to ridiculous inflation (too much money, chasing too little goods). Think about it. If everyone had a million dollars in their hands that would simply mean that our purchasing power would be greater, placing greater demand on the goods and services. Certainly there will be a surge in the economy, but sooner or later, suppliers of goods and services will hike up the prices of goods and services because they now know that we can all afford it. As you and I know, no matter how good an investor you are, money is a limited resource and soon we will be back to where we are with ridiculously high inflation.
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18. uath13 (3755) | 1 year ago | Actually for the numbers to be about the same it would only be about 2.3k per person. That would still go a long way toward getting things moving again.
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| dlbruce85 (68) | 1 year ago | Someone please remove this discussion the math is ridiculously wrong. And yes you are right, it would be more like $2,300 a person, but you must remember when they print 700 billion dollars out of thin air to pay this it will raise the cost of living by increasing inflation. That $2,300 would barely be worth half that after the dollar falls again. This bailout is a bad idea, they do not need to print any more money. They need to investigate all this price gouging in the market and these million dollar a year C.E.O.s. The banks got themselves into this mess, they should get themselves out. When governments pay private companies with tax money that is called fascism.
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uath13 (3755) | 1 year ago | I agree. The people who caused this have lined there own pockets for years & hidden away a fortune. That should be seized & these people prosecuted.
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19. chrislotz (6055) | 1 year ago |  Hey, that would be good. But of course we all know that that isn't going to happen. I have to agree it would sure boost the economy as everyone would spend a lot of it and not just hoard it in the bank, like the really rich do now. I know a few millionairs as I clean their houses, and most of them are so cheap, they don't like to spend money on anything. Then I have some that spend and spend and spend, like there is no tomorrow. Those ones are the ones that boost our economy but there aren't enough of them that like to spend their money.
So I have to agree with you on this one. Not just the Americans though, they should give everyone in the world money. There should not be any poor countries, just print some more money. After all, it is only paper and ink.
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