Saturday, September 27, 2008

NO BALE OUT - TRY THIS INSTEAD

NOT MY ORIGINAL IDEA, BUT PASSING IT ON

SORRY THE PERSON WHO SENT THIS TO ME DID THE MATH WRONG.

(STILL A GOOD IDEA JUST ONLY $425.00 EACH)

(ORIGINAL MAIL)

I'm against the $85,000,000,000.00 bailout of AIG.

Instead, I'm in favor of giving $85,000,000,000 toAmerica in a We Deserve It Dividend.
To make the math simple, let's assume there are200,000,000 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 18and up..
So divide 200 million adults 18+ into $85 billon thatequals $425,000.00.
My plan is to give $425,000 to every person 18+ as aWe 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 $127,500.00 in taxes. That sends $25,500,000,000 right back to Uncle Sam. But it means that every adult 18+ has $297,500.00 in theirpocket. A husband and wife has $595,000.00.What would you do with $297,500.00 to $595,000.00 in yourfamily? 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 careimproves 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 othercompany that is cutting back. And of course, for those serving inour Armed Forces. If we're going to re-distribute wealth let's really doit...instead of trickling out a puny $1000.00 ( 'vote buy' ) economic incentive thatis being proposed by one of our candidates for President. If we're going to do an $85 billion bailout, let's bailout 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 cleanit 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$85 Billion We Deserve It Dividend more than I do the geniuses at AIGor in Washington DC . And remember, The Family plan only really costs $59.5Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.
Ahhh...I feel so much better getting that off my chest. Kindest personal regards,A Creative Guy & Citizen of theRepublic !PS: Feel free to pass this along to your pals as it'seither good for a laugh or a tear or a very sobering thought on how to best use $85Billion!!

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