There are a lot of people to blame for the current financial crisis, but naming names doesn’t seem to be as fashionable as it was back in the Enron days. I do know that a couple of them are currently advisers to Sen. Barack Obama, but that’s beside the point now. This morning that tab on a temporary fix was $750 billion. Now, 12 hours later it seems to be $1.5 trillion. Any way you look at it, the tab is enormous.
And where is the money going to come from? From us. Or maybe also Dubai. There is an attractive aspect that I have not heard of yet pertaining to this ‘fix’ and it is this. Rather than tax the life out of the economy. Make us investors instead.
If you just look at an average, based on a population of 300,000,000, at $750 billion, the tab amounts to $2,500 per person. At $1.5 trillion, it amounts to $5,000 per person. Realizing that some people can invest more than others, and some not at all, wouldn’t it make sense to offer some ownership into the solution? We make an investment and we share in the profits, or at the very least will minimize our loss. Having a private enterprise solution as opposed to a socialist solution makes more sense to me. Instead of taxing me for the solution, let me invest into the solution. What do you think?