As we see the financial turmoil around us , I wonder which would be better .
1. Reward the finance companies for complete incompetence with $700 billion + $300 billion already handed out before this bailout
2. Share $1 trillion dollars between taxpayers earning less than $250,000 per year estimate 90 million giving the ordinary taxpayers slightly more than $11,000 each
I suspect plan B would provide liquidity to the finance sector , with people paying down mortgage arrears , credit cards, leaving possible money for people to buy cars and other goods and services helping the economy.
I am afraid I chose less than $250,000 because $11,000 would be a less percentage , I think my figures would provide $22,000 to a couple both working
Let me know am I just plain stupid and missing something obvious