ajtj99's Market Pulse

[jdaasoc]

Thinking about government handouts

The only rational way of handing out money on this scale fairly is to give it to the people with some restrictions.

Give all taxpayers something like $1,000-2,000 ea.
Give all property owners including corporations, something like 20-30% of property taxes paid.

Caveat would be they could only
- pay down a qualifying mortgage.
- buy multi-year CD with heavy withdrawal penalty.

Money would flow directly into financials and everyone including the little people would reap the immediate benefits. Banks would get capital reserves for free and no bad debts would be written off.