Give every legal American citizen 1 million dollars. That includes children. I would exclude anyone making 1 million dollars or more.
What does this accomplish? Redistribution of wealth? In a way, yes. We have paid taxes for years and our parents have paid taxes for years and look at how it has been spent. In my opinion it would be more like a refund than redistributing wealth.
The benefits. We would be able to pay off bills, homes, cars, etc., or invest. That would help the banks with a flood of money. Banks improved.
Mortgages would be either paid off or reduced drastically. People who have lost their homes would be able to buy a new home. Housing market improved.
With the influx of money, more people would be spending and jobs would need to be filled in order to fill the products and needs of those who received the money, Job problem solved.
People may even want to start their own business. Capitalism restored.
Why children? Money could be put up for their college or whatever they need when they reach the age of adulthood. College tuition paid.
Now with all this, there would be no need for food stamps and welfare. This would cause these programs to either be eliminated or "tweaked" for those who really need it. This would also allow Social Security to be fixed. No one who received this payout would be eligible for any government help for a minimum of 10 years.
Now this would be a one time deal. All welfare, food stamps, and yes even Social Security, Medicare, and Medicaid would stop for a period of at least 10 years. Why would you need any of these programs if you had 1 million dollars in your hands? So, you would have to be responsible or deal with the consequences of no government help.
This would be tax free. How do we pay for it? All the politicians would contribute.
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