Tuesday, September 30, 2008

Now this might just work!

I got this as an e-mail. But ya know it might just be what we should be doing!

NOW HERE?S A THOUGHT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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 billon that equals $425,000.00. My plan is to give $425,0 00 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 has $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 lend 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 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 US 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 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 the geniuses at AIG or in Washington DC .
And remember, The Family plan only really costs $59.5 Billion because$25.5 Billion is returned instantly in taxes to Uncle Sam.I say we apply the same logic to the $700,000,000,000 bail out of all the banks !!!

2 comments:

barman said...

The bailout includes the possibility that we will get payed back, this plan does not. Also the math by America in a We Deserve It Dividend is wrong. Instead of $425,000 we are actually talking about $425 so the $1,000 is better for everyone. Even if you run this against the $700,000,000,000 that they are trying for it is only around $4,000 dollars.

It sounds like a good plan but it really does not add up. To bad.

Walker said...

Thats to easy to do so they won't. This is all about helping rich people escape with the loot in the end.
I say fidn where the money they lost is and use that.