What Do You Think Of This Plan For The Bailout?
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+. (200 million)
Our population is a bout 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 per each adult.
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 – ends the welfare crisis
Remember this is for every adult U S Citizen 18+ including the folks
who lost t heir 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 le t’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.
Su re 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 Family 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.
wow!
now that would be great…
=]
Can you imagine how good the economy would be if they did what is proposed in your question? Economic BOOM! And happy citizens to boot.
How about this: NO IRS INCOME TAX
that’ll make people rich. Oh wait, then our oligarchy overlords won’t have money to bomb third world nations. Oh well, back to the drawing board.
I think wall street needs to pay for their own mess. They also need to stop giving $30,000,000 bonuses to there CEO.
Cool then we can all be elitist and Obama can take 45% of it.
Better check your math. The numbers you gave yield 425.00
I love it, trickle down effect at its finest!!!!
Wouldn’t that be nice!
Interesting.
Can we do the same for the Iraqi war? That is, distribute the $T that would have gone to the war effort to the (Adult) American people?
My point is – AIG is an organization that is at least partially comprised of a debt to its customers in the form of insurance. If you simply “erase” that company, you erase all of that money that acts as the pool for those insured.
I think, however, that you’re off by 3 orders of magnitude … $425, not 425000.
I completely agree that the dipwads who ran these companies should be fired.
I really wish it was that simple. I agree with you … it just ain’t right!
Ok first you stole this idea from a cheezy email that is making the rounds…
Second…
If you think that a recession is bad, this type of “wealth redistribution” would cause even wider panic. With so much extra money in the market, the price of everything would go up as well. Milk would cost $10/gallon…etc
So NO it will not work
minor flaw
it;s not “$425,000″
it;s “$425″
you people are innumerate
numerically illiterate
whoever did this doesn;t know the difference between a billion and a trillion
[clue: there is a difference, a BIG one]
wle.
no bailout call your senator…..Today the bailout bill failed and the price of oil went down ten dollars a barrel. Is there a connection? The answer is yes. The high price of oil is being supported by the greedy investors around the world. If the American economy slows the price of oil will plummet. The weakness in the American economy can be directly related to the high price of oil. We cannot afford the ridiculous price of oil and the American economy shows it. I say this again, when the price of oil went sky high it ruined our economy. So passing the bailout bill will raise the price of oil and the money will go overseas. I would rather see the economy slow and the price of oil fall to where the economy can recover slowly. Mark my words, no bailout means cheaper gas. Write your Congressmen and Senators and tell them you are opposed to this bailout. The money in this bill will only go to wall street and the investors and foreign banks.
All the money from the bailout was going to wall street so how was it helping you. The market will take care of any bailout needed. Washington Mutual and Wachovia were already purchased by other banks. 3000 banks failed in the 1980s and we still survived. If they got this 700 billion they would be back in a couple of months for more money.