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New Bail-out plan!

Discussion in 'Uncategorized Threads' started by Luckyman, Oct 1, 2008.

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  1. Luckyman

    Luckyman Active Member

    Joined:
    Jan 29, 1998
    Messages:
    1,035
    To my fellow Americans......

    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...

    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, this 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
     
  2. bigdogtx

    bigdogtx Well-Known Member

    Joined:
    Aug 5, 2006
    Messages:
    10,650
    Check your math....it's $425.00
     
  3. TOOLMAKER 251

    TOOLMAKER 251 Active Member

    Joined:
    Jan 29, 1998
    Messages:
    3,398
    Bigdogtx, You were faster on the key board then me. Some people don't know how much a billion dollar bill is.
     
  4. Luckyman

    Luckyman Active Member

    Joined:
    Jan 29, 1998
    Messages:
    1,035
    My bad! This was a cut and paste job from an e-mail I received this morning....Shame on me for not breaking out my calculator before posting this...I like the concept though!
     
  5. bigdogtx

    bigdogtx Well-Known Member

    Joined:
    Aug 5, 2006
    Messages:
    10,650
    Luckyman,

    Not a problem, I had it pointed out to me as well. We just get so excited about something that makes sense that we expected others to do the correct math. Kind of like how the government calculates "only the wealthy".
     
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