Hear me out…. what do you think of this Bailout idea? ?
OK…..here’s a plan I could live with.
I’m against the ,000,000,000.00 bailout of AIG and the like…
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 team 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 do the geniuses at AIG or in Washington DC .
And remember, The Birk plan only really costs .5 Billion because .5
Billion is returned instantly in taxes to Uncle Sam.
Whoops, sorry replace B with 5B, the proposed bailout.
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5 comments
sebscola on August 4, 2009 at 6:05 am
PETER V FOR PREZ IN 2020! Honestly, I don’t understand how we can afford to dole out money like this and spend billions a month in Iraq and still have a national debt? Gov’t has a little too much of my money to play with if you ask me. Good question!
Probs 7 on August 4, 2009 at 6:05 am
you are a person who doesn’t do math very well. That is $425 per person. Please go back to school. 200mil X 425 = 85 bil
Wrong again 200mil x 425K = $85,000,000,000,000.00
That is trillions. 200mil x 4250 = $850,000,000,000.00
So you want to give everyone $4,250.00?
OhioMama4Obama on August 4, 2009 at 6:05 am
ok, so i just worked it out, and it’s 425 dollars your proposing lol.
mirus3 on August 4, 2009 at 6:05 am
Is too long to read, but basically the answer to all our problems would be more simple. We all just stop being greedy and follow the teachings of Jesus and all problems would be solve as well, not just economic but wars and others. But we humans are greedy. That is the root of this problem and most of humanities problems. Everybody got greedy, banks, people, etc etc. There is enough blame to go around.
Obama girl on August 4, 2009 at 6:05 am
If they give this ginormous amount of money to the mortgage companies every taxpayer will be responsible for paying the debt back. But every tax payer will not benefit from it. What about college students that are struggling financially to make it through the semester? What about the single parents mothers and fathers who could use some extra money because they have lost their jobs? What about people with jobs that require them to do a lot of driving (as high as gas is)? All of these people will have to pay for the reimbursement of this bailout but may not reap the benefits of it. That is not fair at all. So I agree with you. They should invest this money in the American people as a whole…not just home owners in a bind and the CEO’s of these companies.