Monday, February 2, 2009
Jo(h)n said it! Trickle Up Theory
I have been meaning to write about this for quite some time now, and it boggled me why no one had even tried to mention it on the news or some sort of national T.V.-Good Morning America sort of show. Maybe it's that it makes too much sense. Then, it finally happened, those words poured out of Jon Stewart's mouth like liquid gold. Then I find out later that John McCain touched on that idea before?! The Trickle-Up Theory/Effect, "Why not just give the money back to the people?"
*Let's say we actually rallied together and demanded they take all of that initial $700 billion bailout money back and re-distribute it equally among all of the taxpayers... hmmm what would happen.....
*In 2007, there was a reported number of 138 million taxpayers out of 303,824,640 people in the entire population of the United States. If you equally divided that amount amongst taxpayers, we would all get $2000. So that's what it cost us. We each paid $133 out of that $2000 for that $18.4 billion bonus package btw- Girls, let's put on our heels, go to their bars, and get back that money in cocktails.
*Let's say one-third of that $825 extra billion dollar stimulus package came back around to taxpayers along with that original $700 billion (of course this would never happen) , giving us a grand total of $925 billion back to taxpayers - that would put roughly $7,000 back into our pockets-accounts. What would you do with an extra $7,000 on your tax return? Go out and buy shit - duh! Wouldn't that stimulate the economy? The average household carries $8,000 or more in debt, so maybe a lot of people could pay off some debt to those financial companies in need.
*I can't tell you how much time I spent looking at a bunch of zeroes, so feel free to correct me if I have some wrong figures posted. Don't forget that U.S. govt. had already spent $412 billion before the bailout in Fiscal Year 2008.