Economic Bailout

Saturday, September 27, 2008

I recently received this in an email, and I have to say, it's a plan that works for me. I mean, if we are actually going to spend $85 billion dollars of tax payer money to fix this problem, why shouldn't the greatest number of taxpayers reap the benefits? Bailing out the greedy just doesn't sit well with me, especially when it effects not only my money and future but my children's financial future as well.
So here's a new plan:

This idea sounds just crazy enough to possibly work, so naturally it won't be given serious consideration.

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 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 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 "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.

So, what do you think?
Katie said...

I found your blog through someone else's and I loved this post so much I copied it onto mine--I hope that's ok? Love the blog.

Sweet Serendipity said...

Yeah, so the math on this is all wrong. It'd only be $425 not $425,000! Still sticking by the moral of the story, however.

Jason said...

The math is right. After dividing the numbers out, you will arrive at .425. Then you must multiply that number by 100,000. This will route you to the number of 425,000. You do not multiply by 100, because we are looking of the percentage of 85000000000, but the sum total paid out to the individual person.

nia said...

I love it, I don't know you but I love you too.

Tonia in Hampton VA

aarong said...

Is it to late to get your plan to Capitol Hill?!?!?!?!?!?!!!!!!!!!!!!!

You've got my vote!
AG in Auburn

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