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Retirement at Age 50

from JoeUser Forums

My friend sent me this from the St. Petersburg Times.  They asked in the business section for ideas on fixing the economy.  If given the chance, how would you do it?  This reponse came from one of the readers and I thought it was a good one.  We could retire under this plan now. 

It's funny but I was reading the book of Numbers in the bible this morning and I read it was mandatory retirement at age 50 for those working in the Lord's service.  Maybe this guy's onto something. 

 

Dear Mr.President,

Patriotic retirement: This is the answer!
There's about 40 million people over 50 in the work force; pay them $1 million apiece severance with stipulations:

1) They leave their jobs. Forty million job openings - Unemployment fixed.
2) They buy NEW American cars. Forty million cars ordered - Auto Industry fixed.
3) They either buy a house or pay off their mortgage - Housing Crisis fixed.

1,656 views 9 replies
Reply #1 from Stardock Forums Top

Well, it certainly sounds more effective than the current bailouts, not to mention cheaper.

Reply #2 from Stardock Forums Top

Actually, wait a minute...  paying 40 million people $1 million apiece?

That's a total of $4 trillion dollars, more than all of the bailouts combined.

I guess it's not such a great idea after all.  Had me fooled for a minute there.

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Reply #3 from Stardock Forums Top

I've lost track of how many billion/trillion/gazillion the bailouts are these days.. .....so I wouldn't know.

I still think the best way to fix the economy is to get rid of the government. 

That would take care of alot of headaches not to mention the budget. 

Give the power back to the states. 

 

Reply #4 from JoeUser Forums Top

I've lost track of how many billion/trillion/gazillion the bailouts are these days.. .....so I wouldn't know.
End of quote

And after this, people wonder why the general populace don't know much what they are talking about. This is important stuff people!

Reply #5 from Stardock Forums Top

but it keeps changing......it's not going down tho....just up, up, up.  You haven't exactly given me any numbers yourself bucko... :)

besides, there doesn't seem much the general populace can do about it.  Our judicial system is in tyranny mode with no end in sight. 

 

Reply #6 from JoeUser Forums Top

Also a big difference between giving someone money (e.g. severance pay), and loaning money (with bailouts). With the loans, you'd hope to get most of the money back, making the actual cost of the bailout far lower than the headline rate. With the severance pay though, you wouldn't expect to get any of it back.

 

I prefer the low budget solution though - let every failing company (and individual) go under/declare bankruptcy, and use the funds to encourage new companies to start up. The new companies won't be troubled with loads of debt, and can focus instead on providing the market what it wants.

Reply #7 from JoeUser Forums Top

I prefer the low budget solution though - let every failing company (and individual) go under/declare bankruptcy, and use the funds to encourage new companies to start up. The new companies won't be troubled with loads of debt, and can focus instead on providing the market what it wants.
End of quote

yes, good answer.  I agree.  Let them fail.  There's always someone there to take the empty place. 

Reply #8 from JoeUser Forums Top

but it keeps changing......it's not going down tho....just up, up, up. You haven't exactly given me any numbers yourself bucko...
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Simple. It's because it's not my governement who is giving such amount of money. I won't start tracking the money your tax is used to bail out as well as mine's.

Oh, wait.. I don't pay taxes for now. Well I will in 2 months! :-p

yes, good answer. I agree. Let them fail. There's always someone there to take the empty place.
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I have to agree on a general scale, except for some occasional exception.

Such exception would be some of the mega-banks, which are essential for the economy to keep rolling. But that's about it. Other companies should be allowed to fail.. But it's not my call to make ;)

Reply #9 from JoeUser Forums Top

If you added to the end: "those people wouldn't be eligible for Social Security- Social Security funding fixed!" then it might be worth it.