Solving the current Financial Crisis

So . . .

“Your reasoning is excellent, it is only your basic assumptions that are wrong.”

If the US government were to take the 700 billion dollars they are throwing about so blithely, and instead of bailing out “Wall Street”, and instead split it equally between all American Citizens, each citizen would be given 2 million 300 thousand dollars!

The instantaneous income tax put back into the treasury would be about 343 billion dollars, or almost half of what was distributed to “We the People”.

If each person were required to put 90% of that money into a bank or retirement account of their choice, EACH person could then be paid monthly $ 45,500 for the rest of their life, based on a 3% rate of return on their banking. This would have several instantaneous benefits:

1. The cash crunch in the banks would instantly be solved
2. Each person could pay their mortgages or rent
3. All mortgage defaults would be resolved
4. Social security payments would no longer be required so taxes for social security could stop
5. People would by stocks based on value of their new IRA or SEP, the stock market would boom
6. People could then borrow on their savings account, and have the payments secured by their annual cash distribution. The housing market would rebound and again be viable.

So why will this not happen?
Because: The government wants us dependent on the government. If they did this, we would no longer be dependent on them.




Population of US now 305,293
Bail out bill amount 700,000,000,000
# in Family
1 2,292,879.30
2 4,585,758.60
3 6,878,637.90
4 9,171,517.20
5 11,464,396.50
6 13,757,275.80
7 16,050,155.10
8 18,343,034.40

49% 1,123,510.86
Tax collected: 343,000,000,000.00
Left after taxes: 1,169,368.44
90% 1,052,431.60
Pmt Annually ($45,530.69)