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How about this bailout?

Posted on 10/6/08 at 12:53 pm
Posted by 7flat
Member since Aug 2004
283 posts
Posted on 10/6/08 at 12:53 pm
So most of you have probably gotten this email already. Of course nothing like this will ever remotely happen, but it's entertaining nonetheless.


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. Citize ns 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=2 0their 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 Lehmann 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 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.


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!!
Posted by BR Tiger
Baton Rouge
Member since Mar 2004
4157 posts
Posted on 10/6/08 at 12:55 pm to
Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 10/6/08 at 12:58 pm to
:jesustapdancingchrist:
Posted by CE Tiger
Metairie
Member since Jan 2008
41584 posts
Posted on 10/6/08 at 12:59 pm to
quote:

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

Posted by barry
Location, Location, Location
Member since Aug 2006
50337 posts
Posted on 10/6/08 at 1:00 pm to
I think its terrible and would cause the complete total collapse of the finical system in America, for sure.

Posted by C
Houston
Member since Dec 2007
27816 posts
Posted on 10/6/08 at 1:01 pm to
quote:

entertaining nonetheless


in that his math is off by a magnitude of 1000. nice job on your part for spreading the idiocy.
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