I was just thinking about how much money has been spent on bailouts and stimulus and this really put it in perspective for me on what's going on here.

I took the roughly $9 trillion the Fed gave out to undisclosed banks, the $1 trillion dollar stimulus package, and the $2.1 in bailouts and added them up. Then I divided by the population of the United States. This gave me an estimate of $38,709 per person in the United States. So we can give out bailouts and spend on stimulus that much money, but we can't abolish the income tax? Can someone make sense of this?
jonquest Reviewed by jonquest on . Why not just give everyone $38,709 instead? I was just thinking about how much money has been spent on bailouts and stimulus and this really put it in perspective for me on what's going on here. I took the roughly $9 trillion the Fed gave out to undisclosed banks, the $1 trillion dollar stimulus package, and the $2.1 in bailouts and added them up. Then I divided by the population of the United States. This gave me an estimate of $38,709 per person in the United States. So we can give out bailouts and spend on stimulus that much money, Rating: 5