A Different Bail Out.

[jim]

Hmmmmm ..... Thought provoking, if nothing else.





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 $425,000 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 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 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. < BR>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. Kindest personal regards, Birk T. J. Birkenmeier, A Creative Guy & Citizen of the Republic



PS: Feel free to pass this along to your pals as it's either good for a laugh or a tear or a very sobering thought on how to best use $85 Billion!!

[MNMOM]

I will pass this along. ;D

[chloe3388]

I think this guy ought to run for president!!

[walls0stone]

I would'nt call that a redistrabution of wealth...I'd also say the idea would not work becouse they would charge one more dollar than your origonal sum to print the checks.

Sad thing is that so many people would get a ton of money like that, and go buy something they don't need..yea they spent money on taxable goods and service...BUT even a capitalist like me knows that someday sometime, the american people need to pay off credit cards acrued and no longer use plastic money.
sadly,
The only way to teach that lesson is to do it your self.

[mike82934]

Didn't see this thread until now, so maybe you guys had already figured it out, but...
85 billion divided by 200 million is $425, not $425,000. It's irrelevant now, of course, but I think it shows that we need to be a little more intelligent as a country.

[TheUnboundOne]

Dear Mike82934,

Brilliant mathematics!

What's more, the e-mail joke spammer never said what the source for all the bail-out money would be. Assuming that it is tax-dollars extorted from us or inflated dollars borrowed from the Federal Reserve which in turn devalues our currency, under this bail-out program, we're paying ourselves.

Hell, I could do that without the government's help if they just got out of my pocket.

[mike82934]

Exactly. But everyone gets excited when you mention "free money", so logic immediately goes out the window.
I'm no economist, but I don't really see how creating more fiat currency (which is what will happen...you know that we don't have that much money just sitting around) is going to solve the problem. Supposedly, there would be no credit available if the banks went under. So we're devastating the value of our currency, for the sake of being able to continue drawing credit? What good is credit, if your dollar is worth nothing?
That's the way I see it, anyway.