passhappy

Wall Street Breakfast: Must-Know News

I'm no economist but...Lets take the 1 trillion dollars of bailout monies and give it to the ,what,100 million taxpayers in this country. That's $10,000 apiece. The conditions would be that The money would have to be spent or invested.No one receives a check. The money goes into one of three financial institutions-a full service brokerage,a discount brokerage or a mutual fund.One thousand dollars can be withdrawn immediately and spent;the rest has to be invested in the US market.Any money not invested after 365 days goes back to the Treasury.Whatever you invest you keep along with the gains,losses are not tax deductible.Gains are taxable at a fixed rate regardless of income say 5%.Gains can be spent or re-invested.Principal remains invested for the one year period.Everybody gets their $10,000 stimulus check in blocks-A through I,J through R, then S through Z. That way redemptions don't break the market in a year's time.No exotic investments,including futures and options (or any other wacky schemes they come up with next to take the place of CDOs).
This would boost the market, get people spending and investing, and end the downward spiral.Top down doesn't work.Giving money to people who messed up is wrong.I didn't try to get rich quick;and I didn't buy a house I couldn't afford.Lets bailout the people who got hurt but didn't cause this mess.

Wall Street Breakfast: Must-Know News

Revolution is how this all got started.That's the only way it's going to end. Voters are brainwashed, apathetic,ignorant or any combination of the three. And the politicians like it that way. The proof of this is the conspiracy to keep a viable third or even fourth party from being competitive. Democrats need republicans and republicans need democrats (despite what Limbaugh,Hannity and the rest tell you) to keep the illusion of a democracy.The rich run this country and always have. You guys have my vote!