>> Pay them $1 million apiece severance for early retirement
>> That's it, we're only talking 40 million dollars in taxpayer money
Grammar and math issues aside...
“1) They MUST retire. That means forty million (some attrition of course) job openings. Unemployment fixed.”
First off, I can’t retire - not that externals compel me to work, but that it’s just not in my nature to not work. I will contribute to society, and I will earn compensation/reward for it. Denying me a job won’t work, because I’ll create one or work against whomever stands in my way of obtaining one.
If I _do_ “retire”, it will be a hardcore case of “go Galt”: I, and a _lot_ of others, will drop out of society so completely that government will suffer and compel us to assimilate.
And just taking me _out_ of the job market won’t mean a slot for someone to fill in. I work in a high-skill industry (mobile app software engineering) which is currently suffering a severe shortage of qualified personnel (2/3 of my rather large team are likely Indian immigrants). Just because I’m not working doesn’t mean someone else will fill my job, it means clients (and ultimately consumers) will have to pay more - while one of the unemployed remains so, being unable to fill my shoes (unless he buys a used/refurbished MacBook, downloads & learns (”aye, there’s the rub”) Xcode, and pays a $100/yr developer fee - total entry cost of under $1000 but few willing/able to follow thru).
“2) They MUST buy a new American car. Car industry and manufacturing restored.”
Seeing as you just gave me money for it, great. I’ll buy a top-end Tesla, something profoundly American and transformative (I’m all for electric cars). That will boost the EV industry, and contribute to the demise of petrol-powered vehicle manufacturing (bonus: cripple unions in the process).
“3) They MUST either buy a house or payoff their Mortgage. Housing crisis fixed.”
Wonderful. Free (*cough*) money to pay off what I was going to pay off anyway. I don’t see how this fixes the housing crisis. What it would do is seriously impact the mortgage industry, with vast sums of profit vanishing as a huge number of homeowners suddenly don’t have to pay significant interest costs.
So, now that the country is $60,000,000,000,000 in debt under the plan, lots of skilled worker jobs unfilled, unemployment is not meaningfully reduced, the mortgage lending industry suffered partial collapse, the auto industry just had a huge spike in sales that it’s having trouble recovering from (a run on products can adversely damage manufacturing capability), and a vast number of people who know better just withdrew from tax-paying society entirely ... what’s your next solution that has unexpected consequences?
I assume you logic skills follow your math skills. But even if your math were correct, your recommendation solves nothing and in fact will make matters worse. You do understand that every dollar handed out by the US Gov must be forcibly taken from someone? And that someone no longer has that dollar to spend? The net effect wold be ZERO except for the concept of TRANSACTION COSTS. That is the 40% slice the US Gov take to administer the program.
Never mind the concept of FREEDOM.
No. 40 million people over 50 times $1,000,000 is 40 trillion dollars.
Now, if the government spent only $15,000 per year to teach each child how to do math....well that would be the DOE, and we'd still have posts like this.
Math is not the author’s strong suit, is it?
Hint 40,000,000 times $1,000,000 is not $40,000,000. It’s $40,000,000,000,000 (forty TRILLION).
Glad to see you put your Confused Gender Studies degree to good use.
Aside from the huge math errors others have pointed out, 1 mill is not anywhere close to enough to retire at age 51.
40M*1M = 40 quadrillion I think. 40 × 10 to the 12th.
Thats a lot of fiat dough.
40M*1M = 40 quadrillion I think. 40 × 10 to the 12th.
Thats a lot of fiat dough.