Posted on 09/28/2008 9:51:17 PM PDT by Brad C.
A friend of my sent me this note and I wanted to share it with every one I know. I would add my own comment about the upcoming election. If in any race at the federal level, an incumbent is returned to their seat, then the people of our Great country did not do their job. This election is critical, no matter what side of the aisle you are on.
Brad White
My friends;
I am against the $85 Billion dollar bail out of AIG
Instead, I am in favor of giving that same $85 Billion to America in a “We Deserve it Dividend.”
To make the math simple, let’s assume there is a bona fide 200 million U.S. Citizens 18+ years of age.
Our population is about 301 million +/- counting every man; woman and child, so 200 million might be a fair stab at adults 18 and up.
So divide that $85 Billion by the 200 million adults and we come up with a figure of $425,000.00
My plan is to give that $425,000 to every person 18+ as a “We Deserve it Dividend”.
Of course, this would not be a tax free gift to them, so let’s assume a tax rate of 30%.
Every individual who received the dividend would then have to pay $127,500 in taxes back to the government.
That would send $25.5 Billion right back to Uncle Sam.
But it also means that every US Citizen 18 years or older would have $297,500.00 in their pocket.
A married couple would have $595,000.00
My question is, “What would you do with $297,500.00 to $595,000.00 in your family bank account?”
Would you pay off your mortgage – housing crisis solved
Would you repay your college loans – what a great way to boost grads forward into their new careers.
Would you put money into a college fund for yourself or your children – What a way to further educational opportunities for the next generation!
Would you put some in the bank for a rainy day, and create money to loan for entrepreneurs?
Would you buy a new car, and create new jobs?
Would you invest in the stock market, and provide capital for even more growth in our economy?
Would you help pay for your or your parents staggering medical bills, and thereby improve health care?
Remember this is for EVERY adult US Citizen 18 years or older, including the folks who lost their jobs at Lehman Brothers and every other company that has closed its doors or cut back. And, of course, for those serving our country in our Armed Forces.
If we are going to re-distribute wealth, let’s really do it. Instead of trickling out a puny $1,200 economic incentive that was recently passed by our elected representatives.
If we are going to do an $85 Billion bailout, let’s bail out every one that really needs it!
As for AIG, liquidate it. Sell of its parts, some one will buy them.
Let American General go back to being American General.
Sell of the real estate, let the private sector bargain hunters cut it up and clean it up.
Here my rationale. We deserve it, it is our money and we can bring this economy back. AIG and our government can’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 that my fellow Americans to knowhow to use $85 billion, some will blow it, but the majority will benefit and because of that so will our great country.
And remember, this plan does not cost us $85 Billion because $25.5 Billion is returned as taxes to our government.
T. J. Birkenmier, a creative guy & Citizen of the Republic (With some modifications by Brad White)
Yes it’s messed up... BUT, if we apply the bail out figures of 700 BIL that has been proposed today.... how would that figure? HMMMM?????
700,000,000,000
divided by
200,000,000 million adults
equals
$3500 per person??
does my math look right? I’m horribly sleep deprived sense this mess started and so tired...
You and I both... too tired to look... but what I fear with this bailout is that that is what the evil ones are counting on. I have to work tomorrow as do you... the only ones out there to spin are those who have the most to gain. Who is protecting the American people?
Sheer idiocy.
Let’s also point windmill-powered fans at windmills as a power solution!
As I mentioned. I am told that the math is screwed up. But refine the numbers to what ever degree you want, it is better to send the money to the people, rather than the corporations that have screwed it up so bad.
I am so glad you think so.
As I see it, if people are involved with their own money, they will make better decisions then the government that is “watching” out for them.
I am so glad you think so.
As I see it, if people are involved with their own money, they will make better decisions then the government that is “watching” out for them.
“As I see it, if people are involved with their own money, they will make better decisions then the government that is “watching” out for them.:
That IS our money! It isn’t the government’s money.
“Refine the numbers” ?? They are off by a factor of a THOUSAND.
$85B divided by 200M is $425 DOLLARS, not $425,000.
So this is barely a THIRD of what the stimulus bill paid out to people, and wasn’t that a huge success ?
The government handing out money to individuals is just stupidity in action. It is welfare, pure and simple and accomplished NOTHING.
Government applying focused money to the right pressure points in an industry can actually affect the entire economy. Keeping AIG operating is much more important to the entire economy than welfare handouts to people.
You’re missing the point. Aside from the awful math ($500/person versus $500,0000/person), common sense leads us to this question:
Where in the world would $500,000 for every adult in the country come FROM?
(And if it’s feasible, let’s just do it 10 more times so everyone is a multimillionaire!)
It’s no different from saying if we raise the minimum wage to 100k a year, no one will be poor any more! Or plugging a battery into itself to charge it.
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