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Name:
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water_watcher
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Subject:
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The Fix
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Date:
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3/13/2010 10:21:52 AM
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The example, while a bit extreme, is only pointing out that there are alternatives to massive government spending programs that have little to no impact on the economy and just creates a bigger government of do nothing individuals (at least 40%) that needs to be funded.
Maybe the break point is not 50, maybe it is 60, 62, or 65 .... but I think the concept has merit. You are right that there are not 40 million "qualified" people to fill all those jobs, but some are not needed and a higher age limit would make it much more likely. Also, "new hires" would not fill all the openings. there would be promotions from within and fill at lower levels.
Lastly, to te point $1 million would not last 30 years ... that is correct, especially if you were required to do all the things listed. But the program would be "optional" and I am sure you would get sufficient takers. I would also hope someone 50 or above would have plenty saved and the $1 million would be a nice addition, plus pay off all bills and mortgage that would make their own savings go much further.
The concept has a lot of merit for fixing the economy quickly and generating higher tax revenues fast through stimulating the economy.
Or we can just keep wasting our tax dollars on more wasteful government programs that have never worked. If there is one, please post it so we can all get a good laugh today.
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