$1 million for every man woman & child in America cost:$300 million not even

[StarsInHerHair]

1 day's worth of what we're spending in Afghanistan. Obama should "pass the wealth" bill, think of it, how little a literal million bucks actually is when compared to most anything we're hearing about now. Far less than what we've spent on Iraq, less than the tax cut for the rich.

Think about that.

$1 million for each American.

[okieinpain]

1. hahahahahahaha. you're in sooooo much trouble. n/t.

[backscatter712]

2. You might want to check your math... n/t

[StarsInHerHair]

3. show me

nt

[AlabamaLibrul]

4. You have it as 300 people, not 300m people.

If you actually distributed $300m, it'd be like a dollar for every man woman and child.

[cherokeeprogressive]

5. Such good intentions...

[laconicsax]

6. Umm...

$1,000,000 x 300,000,000 = $300,000,000,000,000 ($300 quintillion). That's $300 million million.

$1 x 300,000,000 = $300,000,000 ($300 million)

[Systematic Chaos]

8. Um...$300,000,000,000,000 is 300 trillion, not 300 quintillion.

300 quintillion would be 300 million million million.

[laconicsax]

20. D'oh!

How on Earth did I get that wrong?

[RegieRocker]

7. The cost to print money is .29 cents. That is for a $1, 5$

$50, $100, $1000 bill. What denomination would I get and how many? What would that be X .29 cents? :-)

[Taitertots]

9. Good intentions, Questionable delivery

Everyone who doesn't have wealth becomes millionaires, everyone who already has wealth becomes trillionaires.

A "pass the wealth" bill would be a return to FDR level taxes on the rich and social welfare reform(more of it).

[StarsInHerHair]

10. yeah I'm exhausted, but its 14 zeros-we can do it, it's guaranteed to

stimulate the economy. I stand firmly by it, $1 million to each American.

[dmallind]

11. it's also guaranteed to drive Weimar-style inflation of course...nt

[pnwmom]

12. I suppose we COULD print that much money.

Of course then it wouldn't be worth anything.

[StarsInHerHair]

14. so......how do the Saudis get by with basically oil welfare to most everyone?

THEY have somewhat spread their oil wealth. How has that affected the world's economies? How will peak oil and those Saudi oil checks getting smaller would affect the world's economies?

[pnwmom]

21. They DO produce that much oil. But no, I have no idea what

they plan to do when they run out.

[Greyhound]

13. I appreciate the sentiment and admire your intention, but your math is wrong.

However, you are right in that if the money taken from us and given to the parasites for the wars and to prop up their misnamed financial system were distributed to people or used productively, we would all be far better off.
:kick: & R

[StarsInHerHair]

15. what it has more than 14 zeros?

nt

[Recursion]

16. 3 * 10^14 is 20 times the US GDP. It's 5 times the *WORLD* GDP

The money simply doesn't exist.

[Greyhound]

18. I replied to your OP.

Yes, it is $300T. 14 zeros.
:kick:

[Xithras]

17. Can't be done.

There are only three ways for the government to finance something like this:

1. Simply have the Fed print the money and send checks out to everyone. Of course, doing this would seriously devalue the currency. Remember the Mexican Peso Crisis in the early 1990's? That was caused by a devaluation of the peso. If the amount of money in circulation increases without any economic recovery behind it to back it up, you simply make each existing dollar worth less. You'll make everyone millionaires, but we'll be spending $500 on a loaf of bread, and $50,000 on new televisions. The only real upside to this is that debts tend to be fixed. Your $200,000 home loan will still only have $200,000 outstanding. Of course, such a massive devaluation will cause your bank to implode anyway, so it's a moot point. And, if you're unlucky enough to have any savings, those will be devalued too. That retirement nest egg that you spent 20 years building up would become worthless overnight.
   
   
2. Just add it to the national debt. This has two problems of its own. First, someone has to buy the debt. That could be tricky, since you're talking about a number several times higher than the GDP of the entire planet. Even if you could find a buyer, the national debt DOES eventually have to be paid back to those who hold it (unless we plan on paying interest for the rest of eternity). A debt load like that would take centuries to pay off. A million dollars financed by debt would lead to a couple decades of prosperity, followed by several hundred years of crushing poverty. I'm not interested in doing that to my kids. Keep in mind, by the way, that a "million dollars" is the equivalent of $50,000 a year (a modern middle class income) for 20 years. A 30 year old getting a million bucks today, living only a modest middle class lifestyle, would still find himself broke again before retirement.
   
   
3. Seize the assets of the wealthy. This is commonly put forward as a way to fix everyone's problems, so I mention it here, but it's really not a solution of any sort. While "soak the rich" may be a popular meme, it's not a good way to make everyone millionaires. We outnumber the rich by a LOT, so their wealth would be heavily diluted if spread around. The math has been done a few times, and if you seized ALL of the wealth of every billionaire in America, and spread it around evenly, it would only work out to a shade under $4,000 per person. Not enough to make you wealthy.
   

It can't be done.

[cbdo2007]

19. bwa hahahahahaha hahaha hahahahaha ahahaha

Thanks, this was the funniest thing I've read in months.