OT- Great "Bail Out Plan"

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OT- Great "Bail Out Plan"

Post by mnelson80 on Fri Sep 26, 2008 11:41 am

I'm not very political, but I got this as an email this morning.. What a GREAT IDEA!! Only wish it could happen.

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...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. < BR>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!!

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Re: OT- Great "Bail Out Plan"

Post by eileen bauer on Fri Sep 26, 2008 1:44 pm

I got that same e-mail yesturday. I love it!!! but the math is a little fuzzy if you actualy do the numbers it doesn't come out right but the idea is awesome...lol Why not bail me out instead of the people with millions of dollars who lost 1 or 2 million?...lol regardless of how you feel politically it is a funny and cute e-mail

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Re: OT- Great "Bail Out Plan"

Post by sanderson0705 on Fri Sep 26, 2008 4:14 pm

I have heard of the bail out plan, but I don't really understand the nitty gritty.

So the GOV buys the banks bad debts right? What is going to stop the banks from doing it all over again? Didn't they essentially do what every other american has done and screw up their credit? Why do they get off so easy?

I totally agree that the GOV should put the money back into the people, not necessarily each person, becuase that would again give a lot of people who don't need it a big chunk that people who desperately need it deserve.

What about all the single parents that work 3 full time jobs at minimum wage?

Why not give it as a tax credit or something to all the low - moderate income families? Why not take the people who got sucked into the "we'll lend to ANYONE" game thinking they could "swing it" and pay off their forclosures and give them a one time "ok, not bailing you out again, next time be smarter" pat on the back. Afterall, it was the banks who sucked them in. Hmmm sounds like those pay day loan companies to me.

Is the GOV going to make banks re-evaluate their lending standards?
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