Fox News was reporting that they expect Bush will announce the reconstruction plan for NO tonight in his national address from the devastated cresent city. They said it will exceed $200 Billion. And all the pundents seem to be in the mode of "how can we not rebuild the city?"
I say "How can we afford to?"
But I came up with a plan.......
Bush's New Deal 2005:
It will be real easy since the precedents for this action have already been set since his inauguration in 2001.
Use ED and seizure of private property for the public good/safety and take the cash from these 25 people:
1 Gates, William Henry III 46.0 billion 47 Seattle , WA Microsoft
2 Buffett, Warren Edward 36.0 billion 73 Omaha , NE Berkshire Hathaway
3 Allen, Paul Gardner 22.0 billion 50 Mercer Island , WA Microsoft, investments
4 Walton, Alice L 20.5 billion 54 Fort Worth , TX Wal-Mart
4 Walton, Helen R 20.5 billion 84 Bentonville , AR Wal-Mart
4 Walton, Jim C 20.5 billion 55 Bentonville , AR Wal-Mart
4 Walton, John T 20.5 billion 57 Bentonville , AR Wal-Mart
4 Walton, S Robson 20.5 billion 59 Bentonville , AR Wal-Mart
9 Ellison, Lawrence Joseph 18.0 billion 59 Redwood Shores , CA Oracle
10 Dell, Michael 13.0 billion 38 Round Rock , TX Dell
11 Ballmer, Steven Anthony 12.2 billion 47 Redmond , WA Microsoft
12 Anthony, Barbara Cox 11.0 billion 80 Honolulu , HI Cox Communications
12 Chambers, Anne Cox 11.0 billion 83 Atlanta , GA Cox Communications
14 Kluge, John Werner 10.5 billion 89 Palm Beach , FL Metromedia
15 Mars, Forrest Edward Jr 10.4 billion 72 McLean , VA Mars, Inc.
15 Mars, Jacqueline 10.4 billion 64 Bedminster , NJ Mars, Inc.
15 Mars, John Franklyn 10.4 billion 67 Arlington , VA Mars, Inc.
18 Johnson, Abigail 9.8 billion 41 Boston , MA mutual funds
19 Redstone, Sumner M 9.7 billion 80 Beverly Hills , CA Viacom
20 Ergen, Charles 8.9 billion 50 Denver , CO EchoStar
21 Newhouse, Donald Edward 7.7 billion 73 Somerset County , NJ publishing
21 Newhouse, Samuel Irving Jr 7.7 billion 75 New York , NY publishing
23 Pritzker, Robert Alan 7.6 billion 77 Chicago , IL hotels, investments
23 Pritzker, Thomas J 7.6 billion 54 Chicago , IL hotels, investments
25 Johnson, Samuel Curtis 7.4 billion 75 Racine , WI S.C. Johnson & Son
Heck we could even let them keep a billion each, tax free for the rest of their lives.
You know, I am even growing fond of my idea, the more I think about it, the better I like it. We will have only 25 people suffer (If you could call being a 1 billionaire suffering) for the good of the masses.
And we will lift all those people out of their poverty and give them a new headstart on life. And the rest of America won't have to bear the brunt of increased taxes/deficit for the next 2 centuries.
And why stop there, there are over 225 people that have over $1 Billion, lets make them all even at $1 Billion and make it tax free for the rest of their lives (except the death tax, why should we not get the rest then, they can't take it with them...)
We could almost end would poverty.
We could call it Dave's New Deal for the Global Good.
That is all,
Discuss