OK. Fine. The U.S. Federal Reserve has stepped in with an emergency $85 billion rescue of AIG Inc to stave off a bankruptcy that officials decided would have a "catastrophic effect on global markets".
This is taxpayer money, right? So how about giving the taxpayers something in return.
AIG is an insurance company, right? OK. How about give every single taxpayer in the United States a complementary life insurance policy. It doesn't need to be a large benefit, let's say $1,000. Each taxpayer would be the "insured" and the taxpayer could name anyone at all to be the "beneficiary" (heir).
Since most of the taxpayer population is going to be around for awhile, the payout would be spread out over many decades.
However, since on any given day a certain number of taxpayers are going to pass away, the country will have the economic stimulus of the payouts to the heirs steadily entering the economy.
I can even see a market developing ("I'll pay you $200 to name me as your beneficiary") which gets even a little more money circulating in the economy.
Hey, somebody's got to start thinking outside the box! :-)
Wonderful idea, or how about any kind of return, 10 shares of stock for every adult filing an IRS return? :)
Great idea Cheryl.
I love the way you think, bay-bay. I'm am going to write my letter and get it in the post office today. We want something for that bail-out, not to mention Fannie and Freddie, and I am demanding to know what gives. I wonder if I will ever get something besides the "we are in receipt of your inquiry" form letter. (LOL) Thank you, Cher. Love, C. ;-)
Now that is creative! Keep it coming!
If I didn't know better, I would think a grass roots movement is under way! Let's get on the bandwagon and start a letter (e-mail) campaign. I call RUSH- you call......
I was thinking to stimulate the economy if the IRS would do a one time forgiveness of past tax debt, wipe the slate clean and say give each of us a rebate on interest to our tax debt. Now that would be a good movement. be good cw
That sounds like an excellent idea, that way they could really not repay it!
Cheryl .... I love the IRS wipe the slate clean idea! I like Gail's stock certificate idea, too!
I'm thinking: OK fine, the Feds need to use taxpapyer money to avert disaster.... Let's just give the taxpayers something back for their money .... something more than the lousy $600 economic stimulus checks at any rate.
CJ- thanks, seriously wouldn't that do a boost for our economy, at least as much an amnesty programs etc. I have paid my taxes for 30 years and two years ago came up a bit short (had a better year selling then I did saving) I am still paying it off, even with the stimulus going to it I am still short two years latter. (this year stinks so I am not jumping to throw more $$ towards debt than I have to) Maybe every ten years of paying on time, one could get a year off to invest or speculate.- what is that commercial, it's my money and I want it now- turns out that's really the IRS mantra! thanks for the chance to vent. cw
Cheryl, I think it is a good idea and along with the life insurance, they can issue a lower auto coverage rate, too.
Wow. That is really outside the box. Interesting thinking Cheryl.
THAT is a cute idea, CJ!!!
If everyone were to have a $10,000 policy, everyone could be buried with dignity!
BTW......why does it cost $10,000 to put a body into the ground where it decomposes anyway??
(I am getting cremated!! I KNOW God has the ability to put me back together when the time comes!)
;-)