There are about 40 million people over 50 in the work force - Pay them $1 million apiece severance with the following stipulations:
1) They leave their jobs. Forty million job openings - Unemployment fixed.
2) They buy NEW American cars. Forty million cars ordered - Auto Industry fixed.
3) They either buy a house/pay off their mortgage - Housing Crisis fixed.
It can't get any easier than that!
I don't know if there are really 40 million people in the workforce over 50. Does that include me who is only part-time employed as a substitute teacher and self-employed in a business that doesn't do well? Even if it's correct 40 millions X $1 million = $40 trillion, which is much more than any bailout plan I'm familiar with.
Can the 40-somethings really take over for the 50-60-somethings? I don't know anyone in their 40's who knows how to do what my husband does. I just trained a younger woman (not sure how old) who thought she was a fast learner and after the lesson, she was quite surprised at how much there is to know in my line of work - she doesn't learn as fast as she thought. So you'd have to hire us all back to train those who would take over our work.
Owning homes wouldn't help the banking crisis since they make a lot of money from mortgages.
If there are 40 million fewer people in the work force (minus the number of unemployed that would fill in that is not that many), then there would be fewer people paying taxes to pay back the debt that we'd have from giving that money away.
The email ends with PS If more money is needed, have all members in Congress and their constituents pay their taxes…. There are people at all levels (& technically "their constituents" should mean everyone) who don't pay their taxes. Still, there has been a great deal of tax write-offs for upper-income people that allow them to get away without paying as much taxes and finally the Obama administration is getting the tax system back to its pre-1993 status with a higher percentage rate for people making more than $250,000. The taxes have to come from somewhere and the poor don't have it.
Lastly a link to a short essay about why we should pay our taxes written by my beloved.