MarathonMike
Diamond Member
In 2016 the total net worth of all US billionaires was about $2.4 trillion dollars. Let's say for the sake of argument that all of those billionaires agreed to create a $1 trillion dollar relief fund to provide each "struggling" US citizen a few hundred dollars a month. Should they or shouldn't they? Who or how would this fund be managed to insure that there is no waste, fraud or abuse of the fund? How would we define "struggling"? Would it cover only those working but saddled with large debt or would it include poor people with little debt but no income?
I recognize there are many people in the US under financial stress. I think a privately financed and managed relief fund should be created but I fear that the management of it would be a nightmare. The key component IMO would have to be the Federal government stays out of it completely. So could this work, or would it create more problems than it solves?
I recognize there are many people in the US under financial stress. I think a privately financed and managed relief fund should be created but I fear that the management of it would be a nightmare. The key component IMO would have to be the Federal government stays out of it completely. So could this work, or would it create more problems than it solves?