750 Billion dollars divided by the population of the USA. How much would each citizen get ? Please.
brionon Mon 29/09/08 13:14
To subscribe to this question you need to
sign in to the AnswerBank or register
if you are not already a member. All you need is a valid email address to register.
|
|
750,000,000,000 dollars / 305,000,000 = roughly $2460 per head assuming youre working billions in the short-scale system as the Americans do.
|
|
|
Population of USA approx 300 million therefore $2500 each (roughly), using 1000 million as a billion which is now the internationally recognised figure, rather than a million million.
|
|
|
Isn't it, not how much every US citizen will get, rather how much it will cost each US citizen?
That is of course if you are referring to the recent USA Bank bail- out.
|
|
|
It's certainly a lot of money.
But remembering the great depression and the run on the banks the alternative doesn't look very inviting!
|
|
|
Actually I was thinking how dividing it up shows the low magnitudeof the amount.
Bear also in mind that this is not neceessarily all thrown away. It is in effect an investment as the Government do receive something back potentially if they sit on it long enough.
Anothe bonus is that as part of the deal stupid amounts paid to failed directors will be stopped.
|
|
|
Question Author
But-If they had given this money as vouchers to the poor to spend-what would the outcome be ? Increased spending-leading to increased output, more jobs. Instead of paying off the greedy bankers. But,then; I'm no expert.
|
|
|
It's not bein "given" anyway. It's in the form of guarenteees to make financial institutions feel safe and to reassure the public. The actual "cost" will be much less.
|
|
|
Anothe bonus is that as part of the deal stupid amounts paid to failed directors will be stopped.
I'd really like to hope that was true, but can you really see it happening?
|
|
|
A trifling sum – the US government debt currently stands the wrong side of $10 trillion. Every man, woman & child in the US, is in hock to the tune of around $35,000.
I dare not investigate by how much prudence Brown has got me in to debt (on top of my mortgage and other loans/debt).
|
|
|
Dont worry - wizard cameron will soon get you out of debt , with change left over , to boot
|
|
|
Question Author
admarlow And you know this how ?
|
|
|
@ adbarlow: I'm pretty sure that most people would agree that you're right, but can you explain why? The only reason I can see for it happening is that somewhere along the line people want more money (probably at the top); so it's basically down to greed. Is there another reason?
|
|
|
It is worth remembering, that this money is not actualy being given away, it is being used to cover bad debts and it will be expected to be repaid over a period of time.
Also it may not all be used as it is insurance to enable the banks to function in what would be considered a normal fashion.
LeMarchand our entire economy is based on supply and demand. The more you have of something the less it costs, however if you take say an X-Box at the moment it may be considered a luxury because many people will spend on either other luxuries or necessities, however if everyone can afford an X-Box supply becomes short and the price gos up, therefore the cost of living go's up and the people who make X-Boxes want a rise, therefore if you think of this lateraly, Inflation has gone up and the currency is devalued.
|
|
|
@Dave: But the price of consumer electronics always goes down as more items are manufactured, presumably as it's cheaper to manufacture in bulk once the basic technology is there. As you said, the more you have of something the less it costs.
|
|
|
And as I said the X-Box is an example, think of say Potatoes
a limited surplus and rising demand.
|
|
|
Question Author
admarlow
Tue 30/09/08
15:23 I studied economics at university .
So did those Clowns who caused this Mess.
|
|
|
Question Author
Sorry didn't mean to be rude. It's the Bankers who gave mortgages of 125% who are to blame. But I fear we'll never agree.
|
|
|
Question Author
To be able to get a mortgage of 125% is preying on the weak. But let's call it a day -You are a Right wing Banker apologist and I'm not.
|
|
0 Credit Cards | Electricity Suppliers | Download movies | Loans | Bad Credit Mortgages
