A real bail-out plan....What would you do with $297,500?

[maple25]

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

Instead, I’m in favor of giving $85,000,000,000.00 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 yoa+.

Our population is about 310,000,00 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 yoa+.

So divide 200 millions adult 18+ into $85 billion and that equals $425,000.00.

My plan is to give $425,000.00 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 $25,000,000,000 right back to Uncle Sam.

But it means that every adult 18+ has to $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 of your mortgage-housing crisis solved.

Repay college loans- what a great boost to new grad.

Put away money for college- it’ll be there.

Save in a bank- create money to loan to entrepreneurs.

Buy a new car-create new 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 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 the Armed Forces.

If we’re going to redistribute 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 US 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 to Uncle Sam.

Birk

T.J. Birkenmeier, A Creative Guy & Citizen of the Republic

P.S. Feel free to pass this along to your pals as it’s either good for laugh or a tear or a very sobering thought on How Best To Use $85 Billion!!

[hobbit709]

1. Bad math. It's only $425

[ixion]

2. silly rabbit... bailouts are for billionaires only

the rest of us have the privilege of PAYING for the bailout.

[ProdigalJunkMail]

3. er...check yer calculator... n/t

[maple25]

4. I didn't do the math...

Its a post I snagged from another one of the sites I read. The original author signed it. I didn't double check the math, I guess I assumed he wasn't an idiot.

[ProdigalJunkMail]

5. that's cool

the only reason i even knew the math was off is because i did the same sorts of calculations with the $700billion bailout numbers...and i had to do the math a couple of times because the numbers looked off to me...

sP

[onenote]

6. long post based on a bad calculator

[baldguy]

7. We did this already

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4075276