WHY are we bailing out the banks who got us into this? Who helps us when we need it? Thoughts below…?
Here’s an idea for a "bailout"
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 true 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 billion that equals 5,000.00.
The plan would be 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 t o 5,000.00 in your family?
Pay off your mortgage – housing crisis solved.
Repay college loans – what a great boost to new grads
Pay off your football pool debts
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 our 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.
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One comment
Lynn on July 31, 2009 at 12:59 am
It is a nice idea but will never happen. AIG was a bridge loan because they are cash poor and needed time to sell some assets. However, instead of being respectful that the US government (ie taxpayer) helped them out, the top executives went to a spa and spent $400,000. These people need to be brought up on fraud charges, not only at AIG but other executives who got the country to this point. This isn’t a matter of making a mistake. It is a matter of ignoring the facts and taking all the money they could grab. Truthfully, some companies need to be helped out because if they do fail the effects would be devastating…the loss of tens of thousands of jobs