Biafra on bailing out America

[funeralcrasher]

The most intriguing proposal flying around the Internet is for everyone who files an individual tax return to be given $1 million dollars on the condition that they use it to pay off their mortgage in full (thus bailing out the banks) and buy an American car within the next three years. Whatever is left over is theirs to keep and invest. Unfortunately the math does not add up. Even the staggering estimated total of $8 trillion thrown at our collapsing economy would only bring $57,971.01 for each of the 138 million individual tax returns filed each year. Too bad, it is an interesting idea.

http://firedoglake.com/2008/12/16/jello-biafra-writes-an-open-letter-to-barack-obama/

Comments

[pkbarbiedoll.livejournal.com]

Same here. I could pay off all debt I owe, and be in a position to buy a home, or invest more money in my business.

But no. We can't have the little people get a leg up in the world, can we?