A friend forwarded along an article by someone opposed to the $85B bailout of AIG which basically devolves into a lengthy rant over why we should give all that money to everyone 18 and older in the US and let them do some good with it.
Author estimates around 200 million adults, and $85B split between them is $425,000 apiece - you could pay off your mortgage, your school debt, take care of your parent’s health insurance, set up a college fund for your kids, other wonderful things. Rather than letting the government squander the money.
I do agree with some of the indignation the author expressed and I certainly would rather have everybody with a little extra cash in their savings than us having to bail out a financial institution that set their business plan to “All Ahead Lunacy”.
However I’d find his article far more convincing if the idiot could actually do some freakin’ math.
$85B divided by 200 million adults is $425 per adult. Not $425,000. Which sinks every high-minded idea the guy has - nobody is paying off their mortgage, their college loans, buying grandma a new hip or putting their kids through Harvard with $425.
That guy at least could spend his share on some math classes at the local community college.