Yesterday, China revealed a plan to spend $586B in the next two years.
Obama has been talking about a $25B plan.
It’s interesting to look at how China and the US will spend the money. Some improved roads here, some subsidies and tax breaks there. After awhile it all looks the same.
In the US, we have about 275M people. If we took the $25B and distributed it equally to every American, that’s about $90M each.
I vote for that. And you can tax the rich – sure, 40% sounds just fine. Why wait for it to trickle down? Just give us the money and let’s stop worrying.