Posted by
James Burns on Monday, September 29, 2008 12:16:50 AM
I received this from a friend in an email. I like it a lot better:
Finally, a bail-out plan I can agree with...
In a
message dated 9/25/2008 3:08:55 P.M. Pacific
Daylight Time, a very smart person
wrote: I don't
know where this came from, my brother
forwarded it to
me, but it sounds like a fantastic plan...
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 have $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 safe 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.
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.