If the government would everyone over 50 years old 1 million dollars ...

[Scythian_Reborn]

Patriotic Retirement Plan:

There are about 40 million people over 50 in the workplace. Pay them $1 million apiece severance for early retirement with the following stipulations:

1) They MUST retire. That means forty million (some attrition of course) job openings. Unemployment fixed.

2) They MUST buy a new American car. Car industry and manufacturing restored.

3) They MUST either buy a house or payoff their Mortgage. Housing crisis fixed.

That's it, we're only talking 40 million dollars in taxpayer money, not even worth a line item in the US budget.

This would be ample retirement money for anyone with their housing paid for and good transportation.

[cincinnati65]

Giving 40 million people $1 million is $40 TRILLION dollars.

[dfwgator]

I’ll take Farrah Fawcett.

[Tijeras_Slim]

Cool, we can work a trade later.

[Larry Lucido]

There you go!

[hellinahandcart]

Answers the question, though, doesn’t it? The student should get full credit.

[Brooklyn Attitude]

“40 million people X $1 million = $40 trillion.....?”

Because, math.

[Steve_Seattle]

This math-challenged post is kind of embarrassing.

[bert]

I’m 74, older

I should get $1.25 million

[A Formerly Proud Canadian]

You made a slight 'rounding error' in your calculations. 😉

Forty million people, each receiving $1,000,000, does not equal $40,000,000 dollars! It equals $40,000,000,000,000, or $40 TRILLION dollars!

The new US currency would be something l!Ike this:

[DBrow]

“That’s it, we’re only talking 40 million dollars in taxpayer money,”

Your computer or phone has a calculator built in.

[july4thfreedomfoundation]

The currency would collapse.

[Liberty4California]

Makes too much sense.

[Bulldaddy]

Your math is as bad as mine.

[GnuThere]

Math problems aside, wire me my tax-free million and I will report back about how it goes...

[BatGuano]

You are correct but you fail the test.
RTFQ!
The proposal is $1,000,000 per person. That is:

40,000,000
X1,000,000
40,000,000,000,000 = $40 trillion.
PS Work hard and you won’t get left behind.

[BatGuano]

GM’s Cadillac division’s “Escalade” would be back ordered for a hundred years.

[enduserindy]

I hoped someone caught that little error.

[Ancesthntr]

“That’s it, we’re only talking 40 million dollars in taxpayer money, not even worth a line item in the US budget.”

---

Uh, not quite.

40 million times $1.00 = $40 million.

40 million times $1,000.00 = $40 billion

40 million times $1,000,000.00 - $40 trillion

Not only isn’t there enough money for that, even IF it didn’t cause a complete financial collapse (and it would), it would create enormous inflation. Additionally, you are taking 40 million of the most experienced people out of the workforce in your scenario - the people who actually KNOW how things work.

This is a big government solution - stay away from it.

[Interesting Times]

Math is hard.

[Defiant]

All those retirees could spend their time brushing up on their math skills.

Or, we push this through and when people figure out it's 40 trillion not 40 million, we say "oops" just like they did with Obamacare.