Friday, September 26, 2008

Now here's a bailout I can vote for

I didn't write this, but, after I got through laughing, I knew I'd be re-posting it.... because, "We deserve it"!

I’m against the $85 Billion bailout of AIG.

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

To make the math simple, let’s assume there are 200,000,000 bona fide 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 ½ Billion 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 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.
After all, don’t they deserve something too?

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, or put the money collected towards our national debt!

Sell off the real estate. Let the private sector bargain hunters cut it up and clean it up.
After all, everyone will have $297K - $595K to spend!

Here’s my rationale. We deserve it and AIG doesn’t. Neither does Wall Strett. The fat cats there already made their Commissions! They’ll get a check too.

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 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.

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