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the bailout?? - here's an idea

edited December 2010 in Other Stuff

I’m against the $85,000,000,000.00 bailout of AIG.

Instead, I’m in favor of giving $85,000,000,000 to America in a We Deserve It Dividend.

To make the math simple, let’s assume there are 200,000,000 bonafide U.S. Citizens 18+.

Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up..

So divide 200 million adults 18+ into $85 billion that equals $425,000.00.

My plan is to give $425,000 to every person 18+ as a We Deserve It Dividend.

Of course, it would NOT be tax free. So let’s assume a tax rate of 30%. Every individual 18+ has to pay $127,500.00 in taxes. That sends $25,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has $297,500.00 in their pocket. A husband and wife ha s $595,000.00. What would you do with $297,500.00 to $595,000.00 in your family?

Pay off your mortgage – housing crisis solved.

Repay college loans – what a great boost to new grads

Put away money for college – it’ll be there

Save in a bank – create money to loan to entrepreneurs.

Buy a new car – create jobs

Invest in the market – capital drives growth

Pay for your parent’s medical insurance – health care improves

Enable Deadbeat Dads to come clean – or else

Remember this is for every adult U S Citizen 18+ including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. And of course, for those serving in our Armed Forces.

If we’re going to re-distribute wealth let’s really do it…instead of trickling out a puny $1000.00 ( ‘vote buy’ ) economic incentive that is being proposed by one of our candidates for President.

If we’re going to do an $85 billion bailout, let’s bail out every adult U S Citizen 18+! As for AIG – liquidate it. Sell off its parts. Let American General go back to being American General. Sell off the real estate. Let the private sector bargain hunters cut it up and clean it up.

Here’s my rationale. We deserve it and AIG doesn’t. Sure it’s a crazy idea that can ‘never work.’ But can you imagine the Coast-To-Coast Block Party!

How do you spell Economic Boom? I trust my fellow adult Americans to know how to use the $85 Billion We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC. And remember, The Birk plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.

Ahhh…I feel so much better getting that off my chest.

What say you oh my fellow raw foodies? :0) I received this from a friend and while I agree that it will NEVER happen and that the beaurocrats on both sides of the aisle wouldn’t let any such thing but still….makes a person think…

Peace, y’all!

Comments

  • sorry, but your math here is way off. a simple calculator check shows that would only amount to $425 a person.

    so that nullifies the rest of this silly post as $425 can’t buy crap these days. and next time you post an email forward—at least give credit to the author, instead of trying to take credit. only makes you look silly.

  • Sorry guys – didn’t realize someone had already posted this. Late to the game I guess. You are right about the math too. Egg on my face…sigh. Ah well they are talking about a 700 billion bailout now and that would be $3500 which be a bit more crap to buy I guess…

    RawK Check the last line that says I got it from someone else…next time I’ll put quotes around it all. sorry about that.

    Peace

  • EasyCheetah, thanks for the effort to inform even if the math was off. I happen to like new ideas.

    RawK, I think your response was mean. Please try in the future to be nice and positive. I also thought that EasyCheetah made it clear at the bottom of the post that she got it from a friend.

  • easy chee you an i must have the same friend!! i didnt even check the math…not my forte jsut thought it was a fun idea had it been acurate…dont know where my sourse got it….ah well ive forwarded it to many people wonder how many will check the math too…no worries here…

  • I love this and received it today from many-didn’t check the math either before forwarding it on to many. I guess Sarah Palin must’ve sent it out! Sorry…I had to do it again, didn’t I? but it sure sounded good.

  • Yup, got that email too…..if I copy and paste something, I usually say so and give credit to where credit is due.

  • Hey EasyCheetah – Not sure if you’re an animal lover or not but what do you think of this:

    http://hslf.typepad.com/political_animal/2008/0…

    Just curious, that’s all.

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