I think a more practical yet equivalent idea (putting on my evil thinking hat) would be….
1) Find out poeple who make/save more in this country
2) Tax these people more (increase their taxes by 10%)
3) Handout bigger stimulus checks to people that don’t pay taxes or don’t pay enough taxes but have been proven to spend a lot….
However, rather make those stimulus checks something you can deposit into the bank… make it like a gift certificate that cannot be redeemed for cash (no cash value) in banks/atms/etc…Make sure those stimulas gift certificates can only be used for purchases and make sure these stimulus gift certificates expire in 1 year or less. Totally possible to implement…Just have the Fed issue prepaid Visa/Mastercard/American Express gift cards with an expiration date. Heck, it would even make some of these financial institution’s earnings look good.
You could even expand the program such that you get more bank for buck at “preferred” Fed bailed out companies. For example:
*Spend the gift card toward a Fed-backed GM car, double the purchasing power of the card
*Spend the gift card on an AIG insurance product, get $50 back
