Patriotic Retirement Plan:
There are 1 comment on the story from Dec 7, 2009, titled Patriotic Retirement Plan:. In it, reports that:Dear Mr. President: Please find below my suggestion for fixing America 's economy. Instead of giving billions of dollars to companies that will squander the money on lavish parties and unearned bonuses, use the following plan. You can call it the Patriotic Retirement Plan: There are about 40 million people over 50 in the work force. Pay them $1 million apiece severance for early retirement with the following stipulations: 1) They MUST retire. Forty million job openings - Unemployment fixed. 2) They MUST buy a new American CAR. Forty million cars ordered Auto Industry fixed. 3) They MUST either buy a house or pay off their mortgage - Housing Crisis fixed. It can't get any easier than that! If more money is needed, have all members of Congress and their constituents pay their taxes...
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#1 Dec 9, 2009
It is truly sad how poor our math abilities have become.
If 40 million people got in line and you handed each one of them $1 (one dollar), that would be $40 million dollars.
If you handed each one of them $1,000 (one thousand dollars), that would be $40 billion dollars.
If you handed each one of them $1,000,000 (one million dollars), that would be $40 trillion dollars.
That amount of money doesn't exist. The entire US GDP is around 14 trillion dollars. If you printed $40 trillion dollars and handed them out to people, you have just made our currency worthless. It would make the cost of goods skyrocket. A car would cost $300,000 dollars.
If anything this is proof we need to invest in education, especially in math.
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