This post is not about media, but a possible end to the financial crisis.
I can’t stop thinking about this. In a previous post, I had a crazy idea that giving a cool million to each citizen makes more sense than bailing out faulty banks and companies.
Now that they’re in line to receive almost $8 trillion and still counting, I still think so. And everytime I hear about one more of these bailouts this idea keeps coming back.
With the U.S. population at about 300,000,000, if we each received $1 million that would add up to about $3 trillion instead of the $7.7 trillion currently in the works.
There would be no poverty, the toxic mortgages could be paid off and taken off of the books, the banks would be flooded with new accounts and money to lend, credit cards could be paid off, everyone could have health care, and an education of their choice, the taxes on the money would fill the coffers of the government, new cars and homes could be purchased, gas tanks filled, struggling businesses saved, new businesses started, retirees would have enough to live on, the malls would be filled, the government wouldn’t need all the spending, and the media would thrive covering it all. Talk about a stimulus package?!
One negative for the country is that some of us might not want to work anymore. So there might be a work requirement attached to the payment.
What do you think?
