Right now the Federal Reserve is purchasing $40,000,000,000 of mortgages from banks every month. With 313,000,000 people living here in the USA that comes to $127.75 per person per month. Just as this distribution is going to proceed indefinitely, or until the unemployment rate becomes satisfactory to the number crunchers, under my "percolate up" economics plan each individual (or guardian) would get a monthly check for $127.75 until unemployment dropped to %4.5.
This money would "percolate up" to its ultimate destination which would be bankers' pockets, just as under the current "trickle down" system, but the twist here is that it would benefit the general population before going "home." Godman Sacks estimates that this current plan will eventually "pump" two trillion dollars into the pockets of the one percent.
This money would "percolate up" to its ultimate destination which would be bankers' pockets, just as under the current "trickle down" system, but the twist here is that it would benefit the general population before going "home." Godman Sacks estimates that this current plan will eventually "pump" two trillion dollars into the pockets of the one percent.
