Retirement at Age 50
Published on April 11, 2009 By KFC Kickin For Christ In Current Events

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.


Comments
on Apr 11, 2009

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

on Apr 11, 2009

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.

on Apr 12, 2009

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. 

 

on Apr 14, 2009

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

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

on Apr 14, 2009

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. 

 

on Apr 14, 2009

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.

on Apr 14, 2009

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.

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

on Apr 15, 2009

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

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!

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

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

on Apr 15, 2009

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.