Do You Think This Is The Answer To America’s Financial Problems?
I’m against the $85,000,000,000.00 (BILLION) bailout of AIG.
Instead, I’m in favor of giving $85,000,000,000 to American citizens 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 billion 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 Birk plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.
To those asking where the money would come from, ask Bush. He seems to think he has $700 billion to give to the fat cats of Wall Street (all of them buddies). They screwed up and the tax payer has to bail them out? I have heard that the bail out failed because Bush’s check for $700 billion bounced!
It seems that unbiased economists think his plan will make matters worse and that is reasonable, most things Bush does make matters worse except for Cheney and his mates who have grown rich on overinflated oil prices.
This is just a final way for this miserable administration to line its pockets once again at the country’s expense.
But anyway, it was not serious, trouble is Bush supporters are so touchy because the man is a disaster and has ruined the country. He should be bailing his Wall Street mates out and not the tax payer. The problems are of his making.
85 billion distributed to 200 million people would only be 425 dollars a piece
get your math right, genius
Wow….I think we should get rid of the capital gains tax and see what happens on Wall Street. Let the market correct itself then.
excellent idea,where do i sign up!
This is all Bushes Fault going to war just so he can get some oil
That would be SWEET!!!!!!!!! Fried Chicken tonight!!!!!
THE ANSWER IS RON PAUL.
I’ll vote for you blind folded!!!!
Actually when I heard about this bailout deal, I wondered why the government didn’t just give it to the citizens to help us out. What with gas and food being ridiculously expensive, not to mention my rent has to go up to even out the expenses for the apartment managers who are paying higher heating bills and such. Seems like we never get anything to make our lives easier, but the government has billions to throw around to “bail” themselves out :/
You’re idea sounds dangerously communist to me.
Everyone gets a share of the government money. Which leads to nothing good because of two reasons.
1. People, especially the average American is dumb and greedy. You give an 18 year old 200 grand do you really think he or she will do anything good with that? Buy a house or go to school?? Probably not. Give an alcoholic living in a trailer that money, they won’t clean up, buy a house and make something of themselves, they’ll drink it away. No society wins over 200 thousand dollar hand outs.
2. If this money was to be produced just because, someone has to pay for it. And guess who that is? Over the long term, you and I. Well not so much me. I’m Canadian. The country that’s not over their *** in debt. Any way, had this bill or your idea passed, the inflation rate of the entire country would have gone higher than it’s ever been to cover the cost. To dig out of debt, you need shovels. What this idea was going to do was bury the problem and hope everyone still in the hole got out before the dirt got in.
And lastly, who the hell “deserves” a 200 thousand dollar “gimme?
That wouldnt work at all sorry. Why should everyone 18+ get that much money, since a lot of 18 year olds dont have mortgages to pay and of of other expenses. Thats an incredible waste of money. And where do you figure we get the money like that? Print it up? do you know what that does to the value of our money?
It’s not 85 Billion. It’s 700 Billion! But i totally agree that it would more benefit the economy cause they would take out for taxes like you said and when we buy stuff they get the money right back and people would be able to afford their mortgages which benefit the bank. It would help everything.