What Else You Could Spend $700 Billion On
In the new issue of TIme magazine coming on Friday, the magazine crunches some numbers and reveals what people could do with $700 billion:
• Give every person in the U.S. $2,300, or give every household $6,200
• Pay the income taxes of every American who makes $500,000 or less a year
• Fully fund the Defense, Treasury, Education, State, Veterans Affairs and Interior departments next year, as well as NASA
• Buy gasoline for every car in the U.S. for 16 months
• Buy every NFL, NBA and Major League Baseball team and build each a new stadium—and pay all your players $191 million for a year.
• Create the 17th largest economy in the world—roughly equal to the Netherlands’
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