Applied math

In the think-about-it-for-just-a-second category. In this morning's e-mail...
This was an article from the St. Petersburg Times newspaper on Sunday. The Business Section asked readers for ideas on "How Would You Fix the Economy?" I thought this was the BEST idea. I think this guy nailed it!
Dear Mr. President,
How about Patriotic retirement?
There's about 40 million people over 50 in the work force; pay them $1 million apiece severance with stipulations:
They leave their jobs. Forty million job openings - Unemployment fixed. They buy NEW American cars. Forty million cars ordered - Auto Industry fixed. They either buy a house or pay off their mortgage - Housing Crisis fixed.
Sounds good on the surface. But take a deep breath and think it through...
If I am 56, this plan would cut 10 years off my work life. That means a loss of let's say $700,000 in income and another $200,000 in employer-paid benefits - like health insurance. If I have to pay off an $80,000 mortgage and buy a $20,000 car, that would reduce my "profit" from this deal by another $100,000. Health insurance would be another, what, $100,000 over 10 years at least. If I have to pay taxes on this million, I am down, say, another $300,000. I may not lose anything really, but I am sure not gaining much either - except a heck of a lot of leisure time.
If I am prohibited from working, over the next 10 years...
- My liquor bill would go up.
- Marriage counseling would be a big expense.
- Higher utility bills at home since I am sitting around the house (and I would probably add premium channels to the cable TV.)
- Higher auto insurance from drunk driving arrests, higher medical bills because of handyman project injuries, greenhouse bills to keep the LWW busy .... the list of expenses goes on!
I don't think this is much of deal. I'd rather keep on working.
But if was forced into retirement I would have lots of time to write crank economic plans for publication in newspapers.
_____________________________________
Speaking of math skills, here is a sure fire way of knowing you have slipped into geezerdom...
At the used book store yesterday, I gave the clerk a 20 dollar bill and a one dollar bill to pay for my $5.35 purchase. (Have you noticed that older used books are now selling for more than their original cover price?) Anyway, the clerk said she would have to just make change from the $20 since dealing with two bills was too complicated. She did relent after she checked (on a calculator) that my mentally calculated estimate of $15.65 in change was indeed accurate.
My immediate reaction: "Why aren't schools teaching kids today to make change?"
I think 50% of all criticisms leveled at schools would be eliminated if simply taught kids how make change - every year, right through college. Spoken like a true geezer.