Saturday, September 20, 2008

Alternate bailout plan.

The Iraq war took years to gin up, once W got his enabling act. The bailout of wealthy investors by the federal government took a few weeks to organize. Amazing!

I have a better plan. It's called a flat bailout and it works like a flat tax, in reverse. The federal government indemnifies each individual investor with a net worth of less than $1M up to a flat rate of $100,000 total, nah make it $200,000 per person on the fallout from this whole mess. Everybody else can go to hell, like they're supposed to in a market capitalist system.

I bet this will cost a lot less than half a trillion plus.

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