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Would this help?

MaggieD

MaggieD

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Saw this on Facebook. Would it work? Where's the fallacy?
 
Nope it wouldn't. Not at all. Make it 60, and maybe. but, a million bucks , even tax free, is not much these days.
 
I'm already retired, but I like it. It's a proposal that is Local and that is the only type measure that can repair local problems.
 
what about people who are already retired?
 
MaggieD said:
Where's the fallacy?
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$1 million multiplied by 40 million people is a total of $40 trillion. For scale, the US federal government spends around $4 trillion a year in total.
 
HonestJoe said:
$1 million multiplied by 40 million people is a total of $40 trillion. For scale, the US federal government spends around $4 trillion a year in total.
Click to expand...

Well, he's old. I didn't even catch that. Oops!
 
HonestJoe said:
$1 million multiplied by 40 million people is a total of $40 trillion. For scale, the US federal government spends around $4 trillion a year in total.
Click to expand...



That....
 
Chomsky said:
The fallacy might involving coming-up with the $40T!

And then justifying why the next batch of retirees don't get their $1M!
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The government could of course just print the money, of course the 1 million would be worth about 70 000 in todays money after
 
Lord Tammerlain said:
The government could of course just print the money, of course the 1 million would be worth about 70 000 in todays money after
Click to expand...
Well, if printing money were the solution to all that ails the economy, there'd be no need for fiscal or monetary policy! ;)
 
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