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Old 02-03-2009, 11:24 AM
 
Location: where you sip the tea of the breasts of the spinsters of Utica
8,299 posts, read 13,137,114 times
Reputation: 8075

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As part of the first-ever CNN Money Summit, we asked readers and viewers about their pressing economic questions. Then we got experts to weigh in.

Why Can't We Split the Money Among Taxpayers?
Question: "I often hear, 'If they want to stimulate the economy, why don't they give every taxpayer $10,000?' People would buy cars, go on vacation, pay for college, buy TVs, etc. That sounds great to me. Would it ......" (remainder of article at http://finance.yahoo.com/banking-budgeting/article/106524/Your-Questions-Answered (broken link) )
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Old 02-03-2009, 11:45 AM
 
7 posts, read 72,384 times
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becuae they wouldnt do that its so bad now they would just pay off bills wouldnt buy anything
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Old 02-03-2009, 12:00 PM
 
Location: Orlando, Florida
43,856 posts, read 47,277,493 times
Reputation: 58682
They could use me as a test model to see just how fast I would pump those bucks back into the economy.

Even if some people used it to pay off debts or put in savings at a bank/S&L/Credit Union....wouldn't that end up helping the economy also?
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Old 02-03-2009, 12:28 PM
 
19,346 posts, read 17,427,143 times
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Quote:
Originally Posted by spr1516 View Post
becuae they wouldnt do that its so bad now they would just pay off bills wouldnt buy anything

Hi spr1516,

I would certainly spend it. My saving is already worked into my budget. Also, tax credits would solve that problem. If it worked for gas hogging SUVs it sure seems like a good idea for energy saving cars and appliances.
The reason it is not done should be obvious. We are the serf class of financial feudalism.
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Old 02-03-2009, 07:11 PM
 
Location: where you sip the tea of the breasts of the spinsters of Utica
8,299 posts, read 13,137,114 times
Reputation: 8075
Jeeeez, guys, just break down and click the link. There are more questions than the first one. It's interesting, there's a glimmer of hope or two.
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