Elizabeth Barrette (ysabetwordsmith) wrote,
Elizabeth Barrette
ysabetwordsmith
  • Mood: busy

A Populist Bailout Plan

The government would never go for this, but I think it would be more effective than the piece of trash they're currently pushing.
Tags: economics
Subscribe

  • Poem: "The Nearest Star"

    This poem is spillover from the July 6, 2021 Poetry Fishbowl. It was inspired and sponsored by Anthony Barrette. "The Nearest Star"…

  • Virgin Galactic

    Virgin Galactic has made its suborbital test flight. \o/ My observations include ... * Not quite 100% of rich people are useless assholes. There's…

  • Poem: "The Untouchable Undead"

    This is today's freebie, inspired by anonymous prompt. It also fills the "Acts of Kindness" square in my 7-1-21 card for the Winterfest in…

  • Post a new comment

    Error

    switch
    default userpic

    Your IP address will be recorded 

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.
    Help
  • 7 comments

Deleted comment

Deleted comment

glitteringlynx

glitteringlynx

October 5 2008, 18:21:15 UTC 12 years ago

Yeh, see I wouldn't have proposed such a thing without doing the math myself. Having seen others do so, that saves me the task (not that a calculator takes much effort). I may not be good at math, but even I thought it seemed rather surreal that each person would get almost $500k. Also taxable at that level would be more like 50% of income, would it not? It would be in Canada. Middle class gets taxed 33% and that's if you're earning around $50k.

The whole article was bungled, though it's a nice idea. Also it would help the economy in a different way.. by letting people SPEND MONEY. Perish the thought, you know?

Deleted comment

ysabetwordsmith

Good point!

ysabetwordsmith

October 5 2008, 21:54:44 UTC 12 years ago

You want to be a revolutionary, teach people to think for themselves.

Of course, that makes everyone hate you.
glitteringlynx

glitteringlynx

October 6 2008, 18:40:48 UTC 12 years ago

Truly. Once I reached adulthood I came to realise the importance of budgeting that you're not taught at any point. I think a course on budgeting and such should be a mandatory course in high schools (so far as I am aware, I don't think there are even optional courses in high school). I mean everyone can benefit from such knowledge whether they like math or not. I'm not much for math myself, but it's really important to know how to manage your money. I mean, it wouldn't just stop at budgeting but would get into information about credit and debts and interest rates.. all the initial stuff most people would need or want to know (and all the questions I see raised by people over and over again).

Think we ought to petition our local school boards for such a thing?

Deleted comment

glitteringlynx

glitteringlynx

October 6 2008, 20:36:36 UTC 12 years ago

Okay, if such a thing was taught in Home Ec, I missed it entirely. As a female, I made it an intentional decision to not take any home ec in high school. Besides, my mother had taught me all about cooking, baking, sewing... I didn't really learn anything new in home ec in grade 7 and 8, save for using a sewing machine (she's never owned one).

Maybe I should write off a few letters. Best scenerio they tell me they either have it already, or have one planned out. Worst case scenerio they toss my letter in the recycling bin (or e-mail in the trash.. depending on which method I use).
ysabetwordsmith

ysabetwordsmith

October 6 2008, 21:13:55 UTC 12 years ago

Well, I managed to find someone to write a class on "Personal Prosperity for Wizards" at the Grey School. It touches on balancing a budget, saving money, and other practical skills as well as money magic.

I had a very little bit of budget-teaching in home economics. My mother teaches checkbook balancing and some related skills in her math classes. (I still kinda suck at it, though.) But it's rare, and getting rarer. Schools mainly teach information rather than stuff used in everyday life.
ysabetwordsmith

ysabetwordsmith

October 5 2008, 19:17:50 UTC 12 years ago

Well, drat. I was looking at the list of things that could be done with the stated amount of money, not the numbers themselves (numbers not being my strong suit). If I were actually in charge of something like a budget -- which I try to avoid -- I'd make sure to have a mathematician or bookkeeper or some other numeric expert available to make sure the number parts actually added up properly.

I do know that the bottom line is supposed to have black numbers in it, not red ones. This may be one of those things that puts my math ability, which I consider pathetic, above that of about 2/3 of Americans (according to test scores when I entered college).