AIG Bailout ????????
I’m against the ,000,000,000.00 bailout of AIG.
Instead, I’m in favor of giving ,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 billon that equals 5,000.00.
My plan is to give 5,000 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 7,500.00 in taxes.
That sends ,500,000,000 right back to Uncle Sam.
But it means that every adult 18+ has 7,500.00 in their pocket.
A husband and wife has 5,000.00.
What would you do with 7,500.00 to 5,000.00 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 00.00 ( ‘vote buy’ ) economic incentive that is being proposed by one of our candidates for President.
If we’re going to do an 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 Billion
We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC.
And remember, this plan only really costs .5 Billion because .5 Billion is returned
instantly in taxes to Uncle Sam.
Ahhh…I feel so much better getting that off my chest.
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5 comments
virginia_maryland on September 1, 2009 at 1:26 am
85 Billion into 200 Million is $425.
at any rate, the proposed bailout is almost 10 times more.
Also, if you give half a million dollars to every "legitimate citizen" it’s gonna cost you $50,000 to buy a cup of coffe.
amada_rose on September 1, 2009 at 1:26 am
Wow, that really made me think. Thanks for the post. If the government feels the need to bail people out, it should go directly to the people, not the irresponsible corporations.
dpsimswm on September 1, 2009 at 1:26 am
There are a lot of Americans out there that own insurance or investments through AIG. I’m one of them.
zapper23 on September 1, 2009 at 1:26 am
There are a lot of Americans that own investments in AIG. To frigging bad. If you play, then you must be willing to pay when times get bad. Don’t expect me to bail your azz out. It isn’t right. And if you think it is, then the next time I play at the casino and loose, I’m coming to you with my hand out and hopefully the government will FORCE you to pony up and bail me out. Ya…..right.
andy on September 1, 2009 at 1:26 am
I think that you are completely nuts. What we did is buy shares of AIG to prevent a global disaster that hasn’t been seen since the great depression. Plus, we should get more money back then we gave AIG as their stock increases in the future. Lets say once everything is said and done the $85 billion that we gave to them comes back to us at $110 billion than that is a profit unlike your idea which is just a net loss.