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Forum Post: Bailout for all Americans - Each American To Be Given $10,000 by the Government

Posted 12 years ago on Oct. 17, 2011, 6:07 p.m. EST by ArrestAllCEOS (115)
This content is user submitted and not an official statement

It would cost $3 trillion but we could give all Americans $10,000



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[-] 3 points by PROTESSTONER (70) from New York, NY 12 years ago

The problem is the system, not MY debt. This is about change on a grander scale than your basement bedroom. Grow up and give some real, workable, possible ideas.

[-] 0 points by nietzsche (34) 12 years ago


[-] 1 points by Dost (315) 12 years ago

No need to give the upper class money. That 10% of households. The total number of households is about 115+ million households. Rounding off to 100 million households x $10,000 is a mere $1 trillion. This much money can be raised by taxing the wealthy, corporations in addition to a number of other taxes: luxury, tobacco, alcohol, gambling, new taxes on marijuana (after legalization) etc., a tax on internet purchases, tax on financial houses for trades, etc.

[-] 0 points by ArrestAllCEOS (115) 12 years ago

How about a tax for how many breaths we take? We can have the government hook a device up to us. Each breath we take we release carbon dioxide into the atmosphere which contributes to global warming so this tax can go to offsetting it

What are some other taxes? How about an annual tax for owning a car (similar to property taxes), a tax on internet bandwidth usage, what else?

[-] 1 points by Dost (315) 12 years ago

Fat tax to finance health care for obese people. Cigarette tax surcharge for health care for smokers. Alcohol surtax for health care for alcoholics. These people cost the sytem billions of dollars when they get sick. Annual tax for cars would be for gas guzzlers so there would be an incentive to go for fuel efficient cars. All these kinds of taxes are totally logical and keep taxes from those who take care of themselves, the environment and the world. In Japan, companies measure waistlines and if you don't lose weight, you pay more in health care. Again, this is totally logical, if we want logic to be built into system. Also, it provides incentives for people to live rational lives. That is why a luxury tax is good as I say. I understand the sarcasm in your first suggestion and perhaps your are satirizing the whole thing. Carrying out logic and utopian ideas, a friend suggested making it a human right to have a shelter (could be simple, dorm or hostel room, even a tent, etc.). In exchange for getting shelter or other benefits, the homeless could do work exchange and build up credits, labor equity concept to teach personal responsibility and to get away from pure welfare state that conservatives criticize.

[-] 1 points by melbel61 (113) 12 years ago

and then what?

[-] 1 points by ArrestAllCEOS (115) 12 years ago

We could pay off our loans and buy stuff

[-] 1 points by nietzsche (34) 12 years ago

1) how many people are "only" 10k in the hole? I california and new york 10k towards a mortgage is lolfail

2) Maybe you have a different circle of friends, but I don't personally know anyone that gets their tax return and says "ohh great, now I can pay down some of my debt". Know a lot of people with new stereos and TVs around tax time though. Why do you think people would use it "properly"

3) not everyone is in debt. if you justify this to get rid of debt do you say "people not in debt dont get this money"? imagine that fallout

4) the government doesnt create/make money, it takes from one person and gives to another. whether you call it a tax or you just pass a bill for $3t and hand out money, that debt will be paid by the same people, so its still wealth distribution

5) like melbel61 said....then what. fast forward to 2021. people are in debt. people are losing their homes. you gunna do it again? if you can justify it once, why not twice. once you create that expectation the will and motivation to produce will slowly die. why try at all if you know that eventually your going to be handed money any damn way.

i'd keep going but i just dont care anymore, so lets just agree that your idea is terrible

[-] 1 points by melbel61 (113) 12 years ago

are you serious? do you just want the government to print 3 trillion dollars and give it to everyone? You do understand that we would be de-valuing the dollar even further than it is so the 10K wouldn't go as far

[-] 0 points by KillEveryoneNotLikeMe (0) 12 years ago

Terrible idea, think things thru.