From: "Lisa K.V. Perry" <lisakvperry AT gmail.com>
To: bobford79 AT yahoo.com, homestead AT lists.ibiblio.org
Subject: Re: [Homestead] Inflation --commentary
Date: Mon, 29 Sep 2008 09:56:31 -0400
On Mon, Sep 29, 2008 at 9:11 AM, bob ford <bobford79 AT yahoo.com> wrote:
> I ran across this commentary today on another site ....
>
> The Last Day
>> Sam Mathid
>> Sep 29, 2008
>>
>> Today in my in-box I found an email suggesting that instead of giving $700
>> billion to the cronies of Hank Paulson, that we should break it up and
>> distribute the money to every adult in America. The email claimed that
>> would
>> be an amount in the region of $400,000 for every man and woman in America.
>
>
The math is wrong. According to this: *Population* Clocks. *U.S.* 305288910
World 6726777420 13:09 GMT (EST+5) Sep 29, 2008, $700B divided by 305288910
equals just $2,292.91 per person. For my family of four, we'd receive a
check of $9171.64. A windfall to be sure, especially if it were not treated
as income and taxed, but it wouldn't make a giant change in our lives. I'd
probably invest the money in solar or wind power equipment.