A Better Bail-Out Plan

Discussion in 'Random Ramblings' started by Quail_Antwerp, Sep 26, 2008.

  1. Quail_Antwerp

    Quail_Antwerp [IMG]emojione/assets/png/2665.png?v=2.2.7[/IMG]Mrs

    Aug 16, 2008
    I’m against the $85,000,000,000.00 bailout of AIG.

    Instead, I’m in favor of giving $85,000,000,000 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 and up..

    So divide 200 million adults 18+ into $85 billon that equals $425,000.00.

    My plan is to give $425,000 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 $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 their pocket.

    A husband and wife has $595,000.00.

    What would you do with $297,500.00 to $595,000.00 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 $1000.00 ( “vote buy” ) economic incentive that is being proposed by one of our candidates for President.

    If we’re going to do an $85 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 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 AIG or in Washington DC.

    And remember, The plan only really costs $59.5 Billion because $25.5 Billion is returned

    instantly in taxes to Uncle Sam.

    PS: Feel free to pass this along to your pals as it’s either good for a laugh
    or a tear or a very sobering thought on how to best use $85 Billion!!
  2. Katy

    Katy Flock Mistress

    I just got this from a friend and was thinking I should post it on here!!
  3. I have WHAT in my yard?

    I have WHAT in my yard? Songster

    Jun 24, 2008
    Eggberg, PA
    Instead of trickle down we'd get a tsunami UP! Here, here!
  4. warcard

    warcard Songster

    Apr 4, 2008
    SE Indiana
    Saw this earlier on another site, the initial math is wrong.

    It is actually $425 per person. Still better than the other way.
  5. vfem

    vfem Yoga...The Chicken Pose

    Aug 4, 2008
    Fuquay Varina, NC
    Why doesn't everyone copy this and forward it in MASS to your local congressman?! All 200 mil citizens can agree, but if congress ain't hearing it... they could care less!

    But the truth is, the printed amount they call for is $700,000,000,000 not 85,000,000,000 and at 200 mil people its $3500 per person.... it was mentioned on night line last night, IF they took taxes from this it would be $2000 per citizen and the government should be able to get every person without insurance coverage with this money for 2-3 years! Wouldn't it be a better health plan?!

    I also think, that every company they would invest this money in should pay it back with interest if the company still exists in 2010. THEN every american should get a tax break that year because they're earned the interest back to pay back the loan.
    Last edited: Sep 26, 2008
  6. Sammysmom

    Sammysmom Songster

    Jul 15, 2008
    Saint Johns, AZ
    I can't believe it! This is exactly what I was thinking! No one else to blame but ourselves if we got into dire financial straits after that kind of a windfall. But, on the down side, since there would be no need for government entitlement programs, wouldn't that put the politicians out of a job?[​IMG]
  7. seedcorn

    seedcorn Songster

    Apr 25, 2007
    NE. IN
    Quote:This can't be.....someone on the internet (or goverrnment) would use "fuzzy" math? [​IMG] Probably closer to $800/person as half of our population is under 18.

    Never fear for the elected officials will take care of their rich buddies. They will be fine as our 401k programs are being deducted about 14% a year to offset the rich's transfer of wealth from companies to their private accounts. Only brokers and weathermen get paid when they are consistently wrong.
    Last edited: Sep 26, 2008
  8. Quail_Antwerp

    Quail_Antwerp [IMG]emojione/assets/png/2665.png?v=2.2.7[/IMG]Mrs

    Aug 16, 2008
    Sorry about the math. I just copied and pasted from another site I belong to.
  9. MagsC

    MagsC Queen Of Clueless

    Jul 27, 2008
    Wow. I like it.[​IMG] I sure do wish!!!!!!!

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