Bailout

Parrot · Unread post by **Parrot** » Fri Oct 10, 2008 2:06 am

It would never happen, but it's an interesting concept.

I'm against the $85,000,000,000.00 bailout of AIG.

I'm against the upcomming 700Billion to 3 Trillion bailout of wallstreet.

Instead, I'm in favor of giving $85,000,000,000 to America in
a We Deserve It Dividend.

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, 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.To make the math simple, let's assume there are 200,000,000

Kindest personal regards,

Birk

Toucan · Unread post by **Toucan** » Fri Oct 10, 2008 2:58 am

i'd love to see AIG go under as the sponsor man united

swalmy · Unread post by **swalmy** » Fri Oct 10, 2008 4:25 am

Only place your logic is flawed is that we get taxed on the 85 bil. The 85 bil came from our taxes to begin with. That is double taxation.

Sparhawke · Unread post by **Sparhawke** » Fri Oct 10, 2008 4:44 am

True, but when was the last time the governement ever gave anything without taxing the crap out of it?

I personally like this idea, but instead of splitting 85 billion, why not split the 700 billion to 3 trillion the same way, even paying taxes on it all would still help out a lot more than splitting a measly 85 billion.

Besides, what is the point of bailing out a corporation that is failing cause they were stupid? I say let them fail and let someone else take their place!

MijRetrop · Unread post by **MijRetrop** » Fri Oct 10, 2008 7:03 am

Great idea, but there is an even bigger flaw. I'm not sure what the average american salary is but I'd guess 50% of America is earning less than 30K per year. I'd also be willing to bet that a VERY large majority of those workers would quit their jobs for a few years if they had that kind of money. So lets say conservitavely that 50% of those quit which means 25% of our entire work force quits. Most of those jobs would be in service oriented business which would soon fold. So all of a sudden your local McD's has to close it's doors because they can't staff it which puts those 50% of people who didn't quite out of a job.

What do you think would happen to the economy if we suddenly lost even 10 or 15 percent of our retail/food/service businesses. With this plan, you'd lose MUCH more.

eirykhi · Unread post by **eirykhi** » Fri Oct 10, 2008 9:42 am

thats y there are teen agers to work at Mc D's

Lores · Unread post by **Lores** » Fri Oct 10, 2008 9:56 am

Tax rate assumption should be moved ro about 50%.

eirykhi · Unread post by **eirykhi** » Fri Oct 10, 2008 10:03 am

just pay off every one's det that makes under a 100k a year but increes tax by 1% to pay the gov back?

Parrot · Unread post by **Parrot** » Fri Oct 10, 2008 1:38 pm

I figure allot of people would be stupid and quite but those are the same **vagina** that would be dead broke in 6 months...

swalmy · Unread post by **swalmy** » Sat Oct 11, 2008 2:06 am

Yup most people would blow the money VERY quickly. That would be a huge infusion of cash into the economy to jump start it.

Change the age of those who get it to 21 instead of 18. Then we still have some to work at McD's and I would get more

Sparhawke · Unread post by **Sparhawke** » Sat Oct 11, 2008 10:59 am

Sounds like a plan to me Swalmy

Zephisto · Unread post by **Zephisto** » Sun Oct 19, 2008 6:36 pm

Time to heavily penalise those idiots that go us here

I'm a believer that a prison term would be satisfactory given the fact that their antics have probably put hundreds of thousands out of work!!!

Chances are they'll all just get a nice bonus

eirykhi · Unread post by **eirykhi** » Mon Oct 20, 2008 12:46 am

zep did u watch that show on cnn yesterday? abought the people on wallstreet

Lores · Unread post by **Lores** » Mon Oct 20, 2008 2:58 am

http://www.youtube.com/watch?v=fiXwZI_YqHY

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