A better bailout idea

nevadan · Sep 25, 2008

This came in my email today.

Deal or No Deal?

>> Hi Y'all,
>>
>> I'm against the $85,000,000,000.00 bailout of AIG. I'm also against
>> the $700,000,000,000++ bailout being proposed in Congress right now!
>>
>> 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.
>> Pay off credit card debt.
>> Repay college loans - what a great boost to new grads
>> Put away money for college - It'll be there for Junior.
>> 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 Birk plan only really costs $59.5 Billion 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,
>> Birk
>>
>> T. J. Birkenmeier, A Creative Guy & Citizen of the Republic
>>
>> 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!!
More...

Scalper007 · Sep 25, 2008

Now, thats a bailout plan!!

turdlehead · Sep 25, 2008

Fools!

85B / 200M = $425.00

poyayan · Sep 25, 2008

Quote from turdlehead:

Fools!

85B / 200M = $425.00
More...

No wonder our nation is doom. Please use a calculator.

Sniemiec · Sep 25, 2008

Quote from turdlehead:

Fools!

85B / 200M = $425.00
More...

First thing I noticed too haha. Hilarious.

Esq Esq Esq · Sep 25, 2008

Quote from nevadan:

This came in my email today.
More...

you better email back your math backward friend.

not only is the whole assumption WRONG, but the math is off by a factor of 1,000.

boo.

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A better bailout idea

nevadan

Scalper007

turdlehead

poyayan

Sniemiec

Esq Esq Esq