Reader Mail: Bailout Math
With the economy on shaky grounds – Hoboken411 reader “donteatthat” doesn’t think it has to be so difficult:
Do the math!
“Hey 411 – I was just breaking things down with my roommate on the $700B bailout and the cost to taxpayers. Have you seen anything that breaks it down per individual or per individual tax return?
My math could be interesting or completely wrong… however, whether you compare the cost to either US population or the number of individual taxpayers the number is substantially lower than you would imagine. If you use the US population number of 305M as per world pop then the cost per individual is $23 per person. Even if you use the number of individual filers from 2003 of 130M then you are dealing with $54 per. Does this make any sense that the financial rescue plan can be so poorly marketed that there is such revolution?
No one is being asked to scrape up substantial amounts for the proposed cost. Have you heard of anything that broke it down or explained it this way? I personally think that I would give more than both of those amounts to save the global economy.
Regardless, I think that we could suggest a quick celebrity “we are the world” event and maybe save the global economy? Sally Struthers is already onboard. For a little bit more than a $1 per week, you can eradicate the financial crisis that we are all soon to suffer…”