Source: Email contribution
For all of you that are opposed to the $85,000,000,000.00 bailout of AIG & the rest of the financial industry, please consider the following.
Instead, let's distribute the $85,000,000,000 to the people of America in a "We Deserve It Dividend".
To make the math simple, let's assume there are 200,000,000 bona fide (legal) U.S. Citizens 18+.
Our population is approximately 301,000,000 +/- counting every man, woman and child. So 200,000,000 should be a fair estimate of adults 18 years and over.
So divide 200 million adults 18+ into $85 billon and that equals $425,000.00.
Now, 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+ would have a tax obligation of $127,500.00, payable to the IRS.
That sends $25,500,000,000 right back to Uncle Sam.
This will give every adult 18+ a net after tax dividend of $297,500.00 to spend as they see fit.
A husband and wife would have $595,000.00.
What would you do with $297,500.00 or $595,000.00 per 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 when you finish high school.
Save in a bank - create money to loan to qualified borrowers and entrepreneurs.
Buy a new car - save the auto industry.
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.
Illegal immigrants will want to get legal - too late for this dividend.
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 their work force.
What a nice bonus for our men and women serving in the Armed Forces.
If we're going to re-distribute wealth let's really do it...instead of trickling out a puny $1000.00 economic incentive stipend 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!!!
As for AIG & the rest of the financial industry - 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.
Sure it's a crazy idea that will never happen, but I ask you; don't we deserve it more than AIG & the rest of the financial industry?
But can you imagine the Coast-To-Coast Block Party, not to mention the immediate impact on the food and beverage industry.
How do you spell Economic Boom?......"WE DESERVE IT DIVIDEND" !!!
I trust my fellow adult Americans will know how to use their $85 Billion "We Deserve It Dividend" more than the geniuses at AIG & the rest of the financial industry or in Washington DC .
And remember, the "We Deserve It Dividend" plan's actual cost is $59.5 Billion, because $25.5 Billion will be returned immediately, in taxes, to Uncle Sam.
Subscribe FREE to Daily FYI ...
2 comments:
You're an idiot, did you even check your math? This works out to like 400 something dollars a person not $425,000. Not to mention the government bailout is a loan, so the government will actually have this money paid back to them by these corporations with interest, I'll admit this will take a long time but our government will gain financially from this at some point in the future. I'm not saying the bailout plan is 100% the way to go, I'm just saying you or whoever came up with this stupid plan can't even do simple math.
Lucas .... you are right ... not that we're idiots ... lol ... but yes, we didn't check the math. However, you are not the first person to notice the math was wrong. We decided to leave it as originally posted and see how many other readers were smart enough to see the error. That being said, even through the plan is flawed, there are some valid ideas in the plan. Personally I still believe the money would be better spent in the hands of the average American citizen rather then the mismanaged private corporations that the government wants to give it to.
Post a Comment