Why not use the stimulus package to voluntarily retire people over 50 that are still working?

Question

There are over 40 million people over the age of 50 that are still working. Why not offer them 1 million dollars a piece to take a patriotic retirement with strings attached?

The strings attached.

1. You must buy an American made car = 40 million cars bought= Auto industry fixed

2. You must purchase a house= 40 million homes bought= Housing market fixed

3. You must retire from your job= 40 million job openings= Employment fixed.

Why are we not really getting creative in fixing the economy instead of flushing our money?

Answer 1

Best Answer - Chosen by Asker

40 million used cars in the market would flood the used car market Most would already own a home 40 million more homes on the market
Most would be in top management 40 million jobs filled by inexperienced kids
The divorce rate is a little high already in this age group it would sky rocket

But drop it a few years and lets see how it works i well send a weekly report from Bangkok

Asker's Rating:

Asker's Comment:

Yeah your probably right it's not good idea. I'd be like 40 million people just won the lottery all at once, I'd be crazy.

Answer 2

I am enormously stimulated by that idea!!

Answer 3

40 million people are a lot to replace. Especially since a lot of these baby boomers hold titles that are either high on the chain of command or require a lot of technical skill. Imagine replacing management at a lot of major companies overnight...it would lead to mass instability. The Baby Boomers will slowly phase out of the workforce in the next 10-20 years, and will be replaced by the next generation. This will cause the smoothest transition possible. While your idea is a nice sentiment, there will be huge backlash to the companies that hired these people.

Answer 4

just ride out the hard times with trojan's stimulus package

Source(s):

http://www.youtube.com/watch?v=2T7KRHV-F…

Answer 5

Let's get real.

A new American car averages about $25,000. A new home, depending where you live, averages at least $250,000, and probably more.

Consider that most an average necessary annual income would be about $35,000 a year.

And the average life span is currently approaching 80.

Let's do the math, shall we?

30 x $35,000 = $1,050,000
Home = $250,000
Car = $25,000

They'd run out of money in about 20 years. But thanks for playing our game.

Answer 6

I believe you asked this question earlier, and as someone else pointed out then, 40 million people * $1 million each = $40 trillion dollars. Do you have $40 trillion under your mattress that you could lend to the US to pay for your plan, because nobody has that much money. The total GDP for the world is only about $60 trillion. Your plan is a little too creative.

Source(s):

http://en.wikipedia.org/wiki/List_of_cou…

Answer 7

4. 40,000,000 x $1,000,000 = $40,000,000,000,000= 40 Trillion dollars.

Doesn't sound like a solution.

Answer 8

Because that would be age discrimination in its purest form. And there would be a whole host of legal problems with that. First of all, you can't force people to buy American cars because then other countries will retaliate with similar policies, and protectionism won't solve anything. And what if they don't need a house? There will be a bunch of empty houses owned by old people, and that will make the housing market worse. Not to mention, there's no way a 50 year old can survive on a million dollars for the rest of his life.