My tweets

Jul. 17th, 2012 12:00 pm
jeriendhal: (Default)
[personal profile] jeriendhal

Date: 2012-07-17 07:49 pm (UTC)
From: [identity profile] lilfluff.livejournal.com
While there were some math issues with the "Fun way to disrupt the economy" post, there's still some possibility to it.

Let's make some back of the envelope math:
* US Population 309 million in 2010 (Source: Wolfram Alpha http://www.wolframalpha.com/input/?i=Population+of+the+United+States)
* Of which 206.8 million are in the 18-65 demographic (http://www.wolframalpha.com/input/?i=Number+of+people+over+18+in+the+United+States)
* With a quarter billion you could only give a $1.20 to each *but* you have other ways to distribute
** You could give 5,000 people $50,000 a piece
** You could give 25,000 people $10,000 a piece
** You could give 250,000 people $1,000 a piece

OR

Invest the $250,000,000 and draw off 3% a year or $7.5 million a year (I got 3% annual withdraw somewhere as a number where you could expect long term to have an investment account hold a steady balance -- no idea on the source anymore and Google is failing me on that). Each year have your staff contact people and offer to pay off up to $10,000 in debts that can be shown to have existed prior to 2012. Assuming you pay out all of it every year that's a minimum of 750 people who get stuff paid off. By requiring documentation that it existed prior to this year and making it clear that you will *not* be advancing the cut off date, you avoid the argument that you are encouraging people to spend in the hope you'll rescue them.

Actually I'd say to target it to a single state. Start calling charitable groups in the state to help you find the worst off. Offer checks for $10,000 so long as they also agree to spend some time with financial counselors who you'll also pay for. Won't give everyone a check, but you could make a huge impace in one area.

Or pick a city and offer every high school graduate a scholarship to the college of their choice.
Edited Date: 2012-07-17 07:56 pm (UTC)

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