Please anwer this question?
I stole this from another person on y/a. Could you please tell me why this wouldn’t work.Open QuestionShow me another »
What to do with Billion?
Instead of bailing out AIG,
I’m in favor of giving ,000,000,000 to America in a
"We Deserve It For the BS" 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 each
My plan is to give 5,000 to every person 18+
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 wil never be.
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
And remember, this plan only really costs .5 Billion because .5 Billion is returned instantly in taxes to Uncle Sam.
Now doesn’t this sound better than bailing out AIG?
13 minutes ago – 3 days left to answer.
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8 comments
Mr. Prediction on August 7, 2009 at 8:26 am
HOLY CRAP…you have MY VOTE, this is tooo brilliant for washington
Teaching Mrs. Tingle on August 7, 2009 at 8:26 am
WOW!!!
the first poster said it all, please run for president, you sound smarter than both candidates!
R&S on August 7, 2009 at 8:26 am
It would be great if our politicians did this; but, they are NOT for the people that are truly the backbone of this nation.
I would not spend it all in one place that’s for sure. I would NOT pay off my house; I still get to deduct it from my annual taxes.
I would pay off my car.
I would invest some of it into a I4Life Retirement Plan.
gbates31 on August 7, 2009 at 8:26 am
Why go to all that trouble when the government could simply not take the $85 billion of taxpayer money in the first place?
Who was it that said "All democracies collapse when the citizens finally figure out that they can vote themselves money?"
dnbotte on August 7, 2009 at 8:26 am
Yes, the financial firms on Wall St. have made a mistake, but keep in mind of the source of this whole problem: the borrower.
One wouldn’t be lying if they were to claim that poor lending practices have been made, but these decisions occurred on Main Street, not Wall Street. Wall Street just backed them up with financial derivatives (not the best "insurance" policy). But there would be no problem had the people on main street not attempted to borrow far more than they should have, let alone their inability to pay back the money.
Wall Street did us a favor by providing the necessary opportunities for banks to lend us the money that we demanded. I never took out a loan that I knew would go over my head but I know plenty of people who did- if you ask me, I think they should be bailing themselves out and I am guaranteed to get my AIG money back.
smrt1 on August 7, 2009 at 8:26 am
Wow, your idea is brilliant!
That would be one heck of a stimulus package. The Corporate CEO`s will have your head if this idea was to catch on. Their mega salaries will be in jeopardy along with their huge severance packages that they get when they play corporate musical chairs.
If we cry foul loud enough maybe your idea will have a chance!
b_plenge on August 7, 2009 at 8:26 am
In sounds good, but the math doesn’t work, 85 billion/ 200 million
85,000,000,000 / 200,000,000
85,000 / 200
850 / 2
425 per taxpayer, not 425,000 per taxpayer.
My guess is the original poster suggesting this was British, Americans and British reverse the meanings of billion and trillion.
To check the math let’s reverse it, 200 million people each getting $425,000
200,000,000 x 425,000
85,000,000,000,000 that’s 85 trillion dollars. The entire GDP of the US for 2006 (the last year I could find the figure for) was 13.5 trillion.
Unfortunately this is one of the cases where something that sounds too good to be true actually is too good to be true.
@ home on August 7, 2009 at 8:26 am
As a previous person said, the math is wrong. Not even close!
Funny to see how many people think that this is a good idea. Borrow money to pay us. It would be just like having a big credit card debt that my kids and their kids etc. would have to pay off. This is what got us into problems like this in the first place.