Alternative for the bail out...

Fran27

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#1
Found on another board and I liked :D

'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.
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.


Kindest personal regards,

Blaine


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!!'
 

Gempress

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#4
There's only one huge problem with this: the math.

$85,000,000,000 divided by 200,000,000 people = only $425 apiece. Not $425,000.

And that, ladies and gentleman, is a shining example of why so many Americans --businesess included--can't make a budget and stick to it. Which is essentially why we're in this mess in the first place.
 

scob89

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#8
I say give it to AIG. The government will charge AIG and 12% interset Rate and if AIG goes under then the entire world economey is hurt badly.
 

a.baker

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#9
I do believe one thing after another is the fall of our country. So many think because we live in America nothing could happen to us and we are safe; not to mention the others not in our country we effect. We have been seeing many things fall and go down and still many are being added to that list. I think this is a sign we need to prepare for the worst.

What ever we get I think we would all be wise to buy nonperishable food items with it including water.
 

~Jessie~

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#10
There's only one huge problem with this: the math.

$85,000,000,000 divided by 200,000,000 people = only $425 apiece. Not $425,000.

And that, ladies and gentleman, is a shining example of why so many Americans --businesess included--can't make a budget and stick to it. Which is essentially why we're in this mess in the first place.
I caught that too, Gempress.

I like the new math better, though... I say that the old math gets changed to the new math, and then we get the money. Sounds fair enough.
 

~Jessie~

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#14
With new math you can subtract a few zeros on the numbers you DON'T like, and then add a few to the ones you like. DUH!

*Watches bank account grow to ginormous proportions, while money owned for bills decrease*
 
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#16
The really hilarious part of it is that if they give the money to the banks, and it causes my federal tax to go up 1%, it will cost me well over that $425, then, if the people I buy my food from get that same tax increase, it causes that 1% to go up further. IF, the companies that haul my mail or packages get that same tax increase, it goes up even more. But then again, they do want to drop the $75,000,000 salaries of the companies they want to help, to something more realistic, in the $25,000,000 range, so at least I won't be the only poor person with my increased taxes, that guy is losing $50,000,000/year, but, I think he's in a better position with a $25,000,000 income to buy groceries than I am, and I was never even responsible for failing a company!!! Maybe I need to go back to school and do really, really bad, get hired, plunge a company into oblivion, and I'll be rewarded for it!!!
 
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#17
As far as the $425/pc. Can anyone think of anything they'd like to do with $425??? If given a choice, would you give it to a bank that's most likely already charging you that much interest monthly, or even yearly. Or would you like to use it to pay off some of that debt, or even use it to take a weekend vacation??? Personally, I think I can spend it much more responsibly than the government can, and I'll enjoy it a whole lot more.

Wait, we're only talking about the initial bailout amount, so add on interest, and we may be talking in the 10's of thousands per taxpayer, but we don't think that far ahead, do we.
 

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