What do you think about this option to the Bailout plan?
The Birk Economic Recovery Plan
I’m totally 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+.
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 Lehman20Brothers 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+, instead of just one company whom are evidently idiots in money management anyway.
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." (or can it?) 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, The Birk plan only really costs .5 Billion because .5 Billion is returned instantly in taxes to Uncle Sam.
This was created by a gentleman by the name of T. J. Birkenmeier.
I don’t know about the rest of you, but it sound pretty darn good to me!
I apologize. Unfortunately, I did not verify the mathematics of the Birk Plan. You would be correct about it being 5.00 and not 5,000. Sorry about that.
Actually, if I had my way, we’d give each family ,000,000 dollars, taxed of course, and let them do some of the things that Birk pointed out in his plan.
Imagine the possibilities!
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11 comments
open4one on September 4, 2009 at 5:36 am
How about instead of bailing them out we start an investigation into where that money went?
I think that $85 billion doesn’t evaporate without someone committing a crime. No bailout without looking for the culprit(s). Some of that money very probably went into campaign funds.
Floid on September 4, 2009 at 5:36 am
Someone doesn’t know basic math.
85 billion / 200 million = $425 so your math was off by a factor of 1000 times. That is a pretty substantial error for such a basic math function as division. I would love to give you a loan though… say I give you a $200,000 loan to be paid over 30 years. All you have to do is pay me $10,000 a months over 20,000 payments and we are even.
Seriously though, if you ever do try to go get a loan or deal with money in anyway, you need to hire an accountant to help you out are you are going to get ripped off big time once they realize you can’t divide.
William F on September 4, 2009 at 5:36 am
No Bailout!!! No workout!!!!
Teekno on September 4, 2009 at 5:36 am
Your math is bad. The number wouldn’t be $425,000… it would be $425.
Please, everyone, do not take financial advice from someone who can’t do middle school math.
William G on September 4, 2009 at 5:36 am
At this point our government is acting like some 16 year old trust fund baby, that just found daddy’s credit card. We need to report the card stolen and stop this spending fast.
Bowling J on September 4, 2009 at 5:36 am
That’s about $280 per person.
Not much.
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Edit: there are approximately 303m Americans.
JonnyMac on September 4, 2009 at 5:36 am
This has been posted on here about 1000 times over the last week and I cannot believe that not one of the people who posted it couldn’t figure out the math is wrong. 85 billion/200 million = 425. Not 425,000. Maybe they should bail out our education system instead of Wall St. It’s no wonder we are falling behind the world in education if be bothered with 3rd grade math.
wle atlanta on September 4, 2009 at 5:36 am
minor flaw
it;s not "$425,000"
it;s "$425"
you people are innumerate
numerically illiterate
whoever did this doesn;t know the difference between a billion and a trillion
[clue: there is a difference, a BIG one]
wle.
Snookie Baby! on September 4, 2009 at 5:36 am
Man sounds like a plan to me! Lol. But withe the government it is always about money going in their pockets, so the Birk Plan wouldn’t work because they don’t wanna give us money, they want us to give them money. THey create their mess and want us, hard working Americans to pay for their stupidity. I personally think that all these rich people who got themselves into this mess should get themselves out, like all these stock market jerks who now want us to pay their bill?! I mean come on, I have about $5.000 in debt, will they please lend it? Because I really got to pay, I got a baby n the way, so that is diapers, food, and all the things a child needs including college, so let’s round it up and say that by the time my child is a working teenager I wil have spent about $100 (and that is because I am being nice to them cause it costs more than that to raise a kid) so what? Are they going to lend me the money? ANd if I buy a house? Are they going to pay it off for me? cause hey, I am paying their bill now! I think this is riddiculous, we are paying their bills just for them to get richer and us poorer, we will pay higher taxes, we will make less money and we will be in the hole because of them and suffering while they live their rich lives and when we need money they will give us a BIG NOOOOOOOO! HAH, I hope there is nothing the government can do about this and if there is I hope the people come together to say NO! I am afraid that they will end up doing it anyway. Seriously the guts that these people have to ask for all this money just makes me sick!
Love
Pearl
Sugar Bug xx on September 4, 2009 at 5:36 am
That sounds impressive to me. This struggling family could use the money.= )
I know something has to be done for our economy but why do we have to deal with big companies mistakes. I do think we should have a investigation and find out what went wrong with these companies. Where did there Money go ?
Nice question. xx Sugar bug
Pirate Girls Kick Butt! on September 4, 2009 at 5:36 am
I think the mortgage companies should fall flat on their face, along with people who over spent on their homes. I should not be bailing out anyone else, since I don’t even qualify for a home loan. Why should I pay for others bad mortgages when I can’t even get a mortgage? I say F*ck them, F*ck the government, and F*ck the Mortgage companies!
Every man for his own! ANARCHY!
Really I think a good recession or depression, whetever you want to call it would be a good thing for this country. It would force us to step back and reevaluate our priorities and secure the economy for the future. It would bring the cost of homes down (which would be a huge boost around here where you can’t find a shack for under $350,000), i think people need a financial reality check. We are going on the second and third generation of Americans that don’t know how to live without credit. Meaing actually working for what you own before owning it. But this is coming from someone with little to lose and I am no economic genius either. If I was in the midst or close to retirement, or owned a home I might feel differently. All I know is that I would be getting taxed so others can keep thier homes and continue to make it difficult for me to ever become a home owner myself.