Friday, September 26, 2008

The numbers are debatable, but the idea is one I could live with :)

Hockeydino, my favorite republican has a post on his blog from yesterday that I started to repost, then decided not to, then decided, oh, what the hell...

"Financial Bliss Could Be Yours
Posted on 9/24/2008 07:47:00 PM comments (5)
Labels: AIG, Bailout, FED, Financial Bliss, Treasury
Financial Bliss Could Be Yours

How about this for an idea.

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 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, my 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.

(thank you brother Jake for the Foward)"

There seems to be some debate about the numbers, so I did my own calculations dividing the $700,000,000,000 bailout by 300,000,000 in population in the US. $2333. was my total. I don't know about you but there are two people in my household and that is approximately $5K. A family of four would get $10K and so on... I think HD just might have hit on something :) $5K would get us out of nearly all of out troubles(the student loans will be forever with me). So I say let the assholes who got us into this mess just get us out, because rewarding the behavior will tell them to do it to us again. This is just deviant behavior....hmmm...just which theory would work in this situation? More later.....

1 comment:

  1. What an excellent idea! Bail out the American people so they can all start out financially even and out of debt and have a little somethin' somethin' to fall back on! I'm for it!