Gift Card Stimulus: Who Gets ‘Em

February 11, 2009

In the United States, the total receipts for fiscal year 2007 was $2.4 trillion. The $800 billion stimulus bill, therefore, is approximately 1/3 of the total receipts for 2007.

1/3 is a nice number to work with. This $800 billion debt will eventually have to be paid back so let us say that all individuals and corporations will receive gift cards worth 1/3 of the amount of tax they paid for 2007. It is not a perfectly fair system but it is pretty close in my opinion.

So these are the rules we have so far:

  1. all individuals and corporations that paid federal tax for 2007 will receive a gift card
  2. the amount of each gift card will be 1/3 of the federal tax paid in 2007 by the individual/corporation
  3. each gift card will expire twelve months after it is issued
  4. not using the gift card is perfectly OK, just let it expire

Unlike a tax cut, the gift card stimulus must be spent and it arrives immediately as one big lump sum.


2 Responses to “Gift Card Stimulus: Who Gets ‘Em”

  1. Joanne Says:

    Radman is back!!

  2. […] 1, 2009 In my proposed Gift Card Stimulus thought experiment, I already suggested that tax payers, both individuals and businesses, receive gift cards worth 1/3 of income taxes paid […]

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