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Wednesday, October 01, 2008

What to do with the economic bailout

I'm not sure who wrote this I wish I was because I would love to credit them with it but I think it's absofukinglutly amazing I'll support this 100%!

I like the thinking of this... Why, I wonder would this NEVER go??? Big brother/Politicians?!?


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
bona fide 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 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 entering the work force.
Put away money for college - it'll be there to assist education.
Save in a bank - create money to loan to entrepreneurs.
Buy a new car, buy anything - create jobs.
Invest in the market - capital drives growth
Pay for you or 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 definitely, for those bravely serving in our Armed Forces.

So, if we're going to re-distribute wealth let's really do it...instead of trickling out
a puny $1000.00 ( 'buy your vote' ) 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 our politicians in Washington DC .

And remember, This plan really only 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.

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

2 comments:

Anonymous said...

Someone failed basic math... 85 billion into 200 million only leaves you with about 425$ each. Enjoy your stimulus check!

Grinningcomb said...

except that the bailout is actually supposedly going to be 85 trillion which would do set the dividend at approximately 425000 before taxes.