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RE: Economics: What happen if every US citizen spent $5000 at the same time?
Well many people (especially poor people) can't make a move because they can never accumulate more than a few dollars at a time (due to bills, lack of a job, etc.).
So I was wondering what would happen if everyone was given $5000 when they graduated high school so that they could 'make a move'. So I guess it would happen annually if you limited it to high school graduation.
Variables would be:
1) Who could be given the money? Only high school graduates, all poor people, or everyone in the country.
2) Should the purchases be limited to school tuition or a car or what?
3) How much money should be given: $5k, $10k, $20k?
4) Where should the money come from? Maybe to prevent government spending, the government could make people/parents save money every month, but make it a little enough amount of money to not have a noticeable effect on spending and saving habits. It would not have to be a significant amount because the money would have 18 years to accumulate. Call it a 1% savings tax or something and neither the government nor the family has access to it.
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