Wellwoods Economic Stimulus

Wellwoods Economic Stimulus Plan I’ve been working on a plan that could change how the money flows here in the United States. This plan would with out a doubt, put money back in to the economy, and put people to work as well as boost spending in the Country and the World. We all know about the big bail out packages the government has been giving out, and the banks don’t seem, to be doing much with that, but sitting on it, that’s not doing much to promote growth in the country. Face it the credit market is shot, the banks are not going to give out money if your credit score is in the tank. Because you lost your job, or the company you work for went belly up. This is not the American peoples fault. So we are the ones that has to pay and it may take us years to recover if ever. And you are not alone, many Americans have suffered from high fuel prices and the all around high cost of living. That has taken your company down and you went down with them. Who the heck is going to bail out us, the people that lost their homes and automobiles and could not pay their personal loans. They are the ones that are hurting. The people that tried hard to pay, and are honest people who now may never get a another chance to recover. Growth needs to start at the bottom up. The people are going to spend, their the ones that drive the economy. Not the banks or big business. Banks can’t lend if, the people don’t the have money. Businesses can’t sell, if there no money to buy. This plan pumps money in to the system. On a long term plan that will keep growth going for ever. President Bush may have had the right idea but he didn’t think big enough. He had no real plan 1500 bucks is nothing today people blow that away in one day, so what good was that? This plan is not just for the poor, middle class or the rich its for everyone. Everyone in the country would have a chance, and everyone would be involved. From the shoe shine boy to the C.E.O.s of big businesses and government Workers. What it comes down to, anyone who is working at least 20hrs a week and paying Taxes or are retired and is collecting SSI or SDI would be in the pool to receive their Payment. Unfortunately anyone on social welfare would have to find a job and work at least 20 hrs a week and pay taxes to be in the pool.

WHAT IS THIS GUY TALKING ABOUT

is what you are asking …Right?

THE NUTS AND BOLTS

Well, this is how it will work the government would have to put a tax on all goods and services and when I say all I mean all every time a dollar is used a 10 % sales tax would be added to every dollar turned. How it would works is 50% the money collected From the tax of goods and services. Would be put in a huge fund and out of that fund the payments would be made randomly By the government using your SSN in a one time payment of 250 thousand dollars untaxed. The other 50% the government would receive this and use it for the national debt or health care This money could not be used for ear marks, pet projects, Pork barrel spending or military projects, or any other project that does not benefit the American public.

BE WISE

The American people must understand that this could be one time payment and there may not be another so use it wisely. It may take several years for everyone to get a check and the great thing is if this works the government may repeat the whole program over and over. Promoting growth again and again. INSPIRE THE GROWTH I believe that most of the people in this country are hard working and want to succeed and give a good life to there families. I also believe, for the most part the more people that have the money to change their lives they will. For every home that will be built there will someone to build it. For every car or truck there must be someone to maintain that vehicle I think you get the picture for every product out there someone has to make it or maintain it so the cycle goes on and on. I also believe that there are millions on social welfare that would try to pull them self out of the trenches and fine some work so they could be eligible for the funds. This would also inspire people who work for cash or what the people in the brick and mortar world call under the table to want to pay their taxes to be on the books so they would be eligible.

LETS LOOK AT SOME MATH

Lets just say a 10 tax on everything moved can generate $100,000,000,000 billion in a one day, in a week you may have. $700,000,000,000 billion know divide this by 250 thousand 2,800,000 million people get a check each week How long do you think it would take to pull us out of the dumps? Well lets look at it this way 2,800,000 million people a week for 52 weeks gives you 145,600,000 million people a year receiving 250 thousand Sam’s cut 36,400,000,000,000 trillion dollars goes right to the government a year Humm? That looks like a nice chunk for health care don’t you think! Know just think with 2.8 million people putting money back in the system each week the weekly number will grow and grow fast and in about 3 years or so we can start the cycle all over again. I realize the banks and credit card companies may not like it all that well Because they can’t rip so may off and not as many people will need them. Then maybe they will rethink how they loan out to people Or maybe it will work out for the good and give banks more money in the end Only time will tell, but either way a country with no money to spend is a country in direr straits The government has all the tools already in place to handle the plan, they could do it, pretty much with a touch of a button. Wellwood