Comments on: My Much More Awesome Economic Stimulus Plan http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/ Adding a punchline to your bottom line Tue, 07 Oct 2008 05:37:22 +0000 http://wordpress.org/?v=2.6.2 By: rich woman http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-189171 rich woman Sun, 08 Jun 2008 01:38:15 +0000 http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-189171 I suppose stupidity accounts for poverty. That confirms my suspicions. I have no hope.... I suppose stupidity accounts for poverty. That confirms my suspicions. I have no hope….

]]> By: rich http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-180760 rich Tue, 06 May 2008 21:19:59 +0000 http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-180760 I like how some people are saying that the tax stimulus was their money to begin with. That would be the case if we were running a balanced budget with a surplus and had no national debt, but it is actually money borrowed from foreign countries, namely china. Sorry, but unfortunately we don't pay enough taxes to balance the budget so you should probably be getting a huge bill instead of a check, so take your check and stop bitching I like how some people are saying that the tax stimulus was their money to begin with. That would be the case if we were running a balanced budget with a surplus and had no national debt, but it is actually money borrowed from foreign countries, namely china. Sorry, but unfortunately we don’t pay enough taxes to balance the budget so you should probably be getting a huge bill instead of a check, so take your check and stop bitching

]]> By: solwoldjr http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-159836 solwoldjr Fri, 22 Feb 2008 14:49:26 +0000 http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-159836 Great read. Very entertaining. I think the thing that most people are missing (except for a few of the repliers) is that this is a REBATE. A rebate is a partial return following a purchase. If you didn't pay taxes, then you didn't make a "purchase" hence nothing to return. Giving money to people who didn't pay in is a freebie. It is a redistribution of wealth. I am sure that congress could've changed the language from "Tax Rebate" to "Redistribution of Wealth", but it really isn't that catchy. Anyway people will spend this money for sure. Even if they pay off credit card bills with it, they will soon close that gap and max out those cards again. I am putting in a concrete driveway with my REBATE. Married with three kids, finally they start bringing in some cash! What a country! Great read. Very entertaining. I think the thing that most people are missing (except for a few of the repliers) is that this is a REBATE. A rebate is a partial return following a purchase. If you didn’t pay taxes, then you didn’t make a “purchase” hence nothing to return.

Giving money to people who didn’t pay in is a freebie. It is a redistribution of wealth. I am sure that congress could’ve changed the language from “Tax Rebate” to “Redistribution of Wealth”, but it really isn’t that catchy.

Anyway people will spend this money for sure. Even if they pay off credit card bills with it, they will soon close that gap and max out those cards again. I am putting in a concrete driveway with my REBATE. Married with three kids, finally they start bringing in some cash!

What a country!

]]> By: Eric http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-157932 Eric Sat, 16 Feb 2008 15:50:35 +0000 http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-157932 Hmmm, We are exporting billions of dollars to oil/natural gas exporting countries, billions that are not taxed to nothing by circulating through our economy, thus adding to the US defecit. We are also funding countries with questionable political agendas. Oil companies are reaping massive profits due to record oil prices on the oil they pump. High energy prices reduce our disposable income so we buy less goods and services, contributing to an economic slowdown. A solution... Tax breaks, or increases to existing tax breaks for improvements that save on the amount of energy we use to heat/cool our homes. What will this do? 1. Save energy, lower imports, reduce price of energy by reducing demand. This lowers the transportation, and manufacturing costs for goods, lower prices for food, etc. 2. Lower pollution 3. Directly inject the money into the US economy. 4. Provide support for the construction industry. 5. Increase property values in a property value shrinking market. 6. Reduce need for bailing out the subprime mess due to falling propery prices, and also putting a few dollars due to energy saving into the pockets of those having to pay their adjustable mortgages. 7. More benefits if I took more time to think of them, but I gotta end this post now. Where is the downside to this? Even landlords could take advantage of this, which could reduce rent hikes due to rising energy costs. Looks like damn near everybody wins, except maybe the oil companies, and the countries we import electronics from. Eric Hmmm,

We are exporting billions of dollars to oil/natural gas exporting countries, billions that are not taxed to nothing by circulating through our economy, thus adding to the US defecit. We are also funding countries with questionable political agendas. Oil companies are reaping massive profits due to record oil prices on the oil they pump. High energy prices reduce our disposable income so we buy less goods and services, contributing to an economic slowdown.

A solution…

Tax breaks, or increases to existing tax breaks for improvements that save on the amount of energy we use to heat/cool our homes. What will this do?

1. Save energy, lower imports, reduce price of energy by reducing demand. This lowers the transportation, and manufacturing costs for goods, lower prices for food, etc.
2. Lower pollution
3. Directly inject the money into the US economy.
4. Provide support for the construction industry.
5. Increase property values in a property value shrinking market.
6. Reduce need for bailing out the subprime mess due to falling propery prices, and also putting a few dollars due to energy saving into the pockets of those having to pay their adjustable mortgages.
7. More benefits if I took more time to think of them, but I gotta end this post now.

Where is the downside to this? Even landlords could take advantage of this, which could reduce rent hikes due to rising energy costs.

Looks like damn near everybody wins, except maybe the oil companies, and the countries we import electronics from.

Eric

]]> By: Fiscal Musings http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-149840 Fiscal Musings Fri, 01 Feb 2008 02:08:53 +0000 http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-149840 I don't really see how the stimulus plan will help much, but I'm not going to say no to a check. I'll most likely do something sensible with it though. It's also interesting how everyone is so excited about getting what they refer to as free money from the government. When did we forget that it was our money that they took in the first place (that is if you're a contributing (read... not a bum) member of society). And how's that for nested parenthesis...? I don’t really see how the stimulus plan will help much, but I’m not going to say no to a check. I’ll most likely do something sensible with it though.

It’s also interesting how everyone is so excited about getting what they refer to as free money from the government. When did we forget that it was our money that they took in the first place (that is if you’re a contributing (read… not a bum) member of society). And how’s that for nested parenthesis…?

]]> By: RealHDTV http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-148308 RealHDTV Tue, 29 Jan 2008 09:26:34 +0000 http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-148308 Your list sounds pretty cool but i am afraid whether it is possible to implement it .I do agree there are many who don't pay the tax they are required to pay but they still get the benefit . Sending gift cards is really kind of you and I am sure you need to become the next president after George Bush if you wish to implement this wish list and high time you started your campaign. Your list sounds pretty cool but i am afraid whether it is possible to implement it .I do agree there are many who don’t pay the tax they are required to pay but they still get the benefit . Sending gift cards is really kind of you and I am sure you need to become the next president after George Bush if you wish to implement this wish list and high time you started your campaign.

]]> By: Jeremy http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-147976 Jeremy Mon, 28 Jan 2008 15:14:49 +0000 http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-147976 In response to #2 - The idea of a tax rebate is to give back to taxpayers a percentage of what they paid into the system, but under your plan, it wouldn't be a tax rebate, more like a gift. The poorest 5 to 10 percent of Americans don't pay any income tax at all. It would just be a gift, which, by the way, there is a provision for within this plan already. In response to #2 - The idea of a tax rebate is to give back to taxpayers a percentage of what they paid into the system, but under your plan, it wouldn’t be a tax rebate, more like a gift. The poorest 5 to 10 percent of Americans don’t pay any income tax at all. It would just be a gift, which, by the way, there is a provision for within this plan already.

]]> By: Making Money Journal » Posts I Enjoyed Reading Last Week http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-147969 Making Money Journal » Posts I Enjoyed Reading Last Week Mon, 28 Jan 2008 14:58:56 +0000 http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-147969 [...] has a comedic take on those new tax rebates in My Much More Awesome Economic Stimulus Plan. I am partial to 3, 8 and 10 [...] [...] has a comedic take on those new tax rebates in My Much More Awesome Economic Stimulus Plan. I am partial to 3, 8 and 10 [...]

]]> By: Disgruntled http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-147243 Disgruntled Sat, 26 Jan 2008 20:06:38 +0000 http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-147243 If the feds can afford to dole out these rebates now, then why did they take so much from us in taxes to begin with? They gave themselves an interest-free loan! As tempting as it is to buy a Wii, I think it might be more fun to cash the rebate check and stowe the unspent money under a matress. Just for spite. If the feds can afford to dole out these rebates now, then why did they take so much from us in taxes to begin with? They gave themselves an interest-free loan!

As tempting as it is to buy a Wii, I think it might be more fun to cash the rebate check and stowe the unspent money under a matress. Just for spite.

]]> By: Obbop http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-146912 Obbop Sat, 26 Jan 2008 06:30:53 +0000 http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-146912 Oh sure...... it may be worth $300 when first proposed but the time we get it the purchasing power will likely be closer to $275. Oh sure…… it may be worth $300 when first proposed but the time we get it the purchasing power will likely be closer to $275.

]]> By: Stephanie @ PoorerThanYou http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-146661 Stephanie @ PoorerThanYou Fri, 25 Jan 2008 20:14:57 +0000 http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-146661 Pretty much the only poor person this is going to help is... me. $300 makes a big difference to me, but that doesn't really matter, because I'm just going to put it toward my credit card debt, and not spend it like they want me to. On the other hand, all of my working college friends will go out and spend in on booze, so maybe this plan does have some merit. Also, that means some rocking parties for me to go to! Pretty much the only poor person this is going to help is… me. $300 makes a big difference to me, but that doesn’t really matter, because I’m just going to put it toward my credit card debt, and not spend it like they want me to.

On the other hand, all of my working college friends will go out and spend in on booze, so maybe this plan does have some merit. Also, that means some rocking parties for me to go to!

]]> By: LJ http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-146585 LJ Fri, 25 Jan 2008 17:45:47 +0000 http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-146585 I like the Target gift cards idea for sure. A Wii for every household has the potential to bring about world peace, so I am all for it. I am not sure if our family will qualify, but I do agree that giving this money to people who are making 6 figures does seem a little odd. And if they give this money to everyone, how many people will actually SPEND it? I think most will save it or use to pay down debt or something similar. I can't see people going out and buying a new Ipod Touch just to show some patriotic love. Take Care LJ I like the Target gift cards idea for sure.
A Wii for every household has the potential to bring about world peace, so I am all for it.

I am not sure if our family will qualify, but I do agree that giving this money to people who are making 6 figures does seem a little odd.

And if they give this money to everyone, how many people will actually SPEND it? I think most will save it or use to pay down debt or something similar. I can’t see people going out and buying a new Ipod Touch just to show some patriotic love.

Take Care

LJ

]]> By: rocketc http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-146555 rocketc Fri, 25 Jan 2008 16:43:30 +0000 http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-146555 $300 to a bunch of poor people isn't going to help the economy. . .but $20K to a couple of "rich" people who own a small business might. $300 to a bunch of poor people isn’t going to help the economy. . .but $20K to a couple of “rich” people who own a small business might.

]]> By: Kacie http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-146503 Kacie Fri, 25 Jan 2008 14:44:21 +0000 http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-146503 Your plan is way more awesome. Between Target gift cards and the well-stocked "take-a-penny" trays, we'll be set! Your plan is way more awesome. Between Target gift cards and the well-stocked “take-a-penny” trays, we’ll be set!

]]> By: Are you a ‘winner’ or ‘loser’ with the interest rate cut? | Sense to Save http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-146502 Are you a ‘winner’ or ‘loser’ with the interest rate cut? | Sense to Save Fri, 25 Jan 2008 14:43:43 +0000 http://www.punny.org/money/my-much-more-awesome-economic-stimulus-plan/#comment-146502 [...] like Punny Money’s awesome plan–$300 Target gift cards for everyone! [...] [...] like Punny Money’s awesome plan–$300 Target gift cards for everyone! [...]

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