An AWESOME solution to the "Bailout"

[ToolManTimTaylor]

I saw this posted on a site that had alot of info on the recent protests involving the bailout it is about AIG specificly but think a sec .....



From an email:

[Report this comment] Posted by: AMERICAN VETERAN on Sep 26, 2008 6:45 AM

Current rating: 5 [1 = poor; 5 = excellent]



This

idea sounds just crazy enough to possibly work, so naturally it won't be

given serious consideration. How great is our

bureaucracy!!





Hi Pals,



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 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.



Kindest personal

regards,



Birk



T. J. Birkenmeier, A Creative Guy &

Citizen

 

[Steve St.Laurent]

Except $85B/200M is $425 per person - not $425,000

 

[PToombs]

Another guy out to screw the common man! :-laf

 

[The patriot]

Toolman, your search-fu is weak. :-laf

It's been posted already.

 

[RGardner]

got that email earlier with the same math error. now i would take the $425 and the approx $3500 for the other bail out! i could find a good use for almost 4 grand.

 

[EricBu12]

to get $425,000 to 200,000,000 people, the government would have to pay 85 Trillion dollars!

 

[daveshoe]

Here is my solution

We are expected to believe that this stupidity will "save our 401K,our kids' college loans,our houses ,our retirement and our lifestyle.

All we have to do,as taxpayers,is mortgage our and our kids' future.

Here is my idea.

The president of Goldman Sachs has several palatial estates. Some of the politicians have several homes. Joe sixpack has --a sixpack.

After hearing one politician talk about saving YOUR retirement, YOUR 401K,YOUR house, and " saving YOU from--- maybe US??? I suggest the pols and the fat cats on wall street put up something as well. If the aforementioned fat cat would be required to put up his properties as collateral that was tied to the success of this program,the congressmen who vote yes for the bailout do the same,and ALL the congressional retirements be put on equal footing with the 401K's [and the retirement payments tied to the index of all 401Ks and to Social Security].

After all,the capitalist seems to want to keep his profits of the capitalist system,but socialize his losses to the taxpayer, and the politician probably realizes that the wholesale creation of fiat currency is the only thing that will keep the government open and to hell with the voter.

All I am asking is that they tie their success to our success or failure and put up or shut up! Then if a politician stated that he feels our pain,I could more readily believe him.