Bailout Plan….A Better One

Beth sent me this in fun, so I wanted to share it with you.
But I have to ask…if they are going to spend this money, why don’t they do it like this email suggested?
Food for thought…

This idea sounds just crazy enough to possibly work, so naturally it won’t be given serious consideration. How great is our bureaucracy!!

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-distr ibute 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.

4 Responses to “Bailout Plan….A Better One”

  1. Bethanne says:

    When I read this, I thought, “Why Not??!!” If we pay taxes out of it and spend it on paying off mortgages and put it back into the economy, seems like it is a win-win. They could show Wall Street that they wont be rewarded for poor management and it would give the American economy a boost……..too bad it will never happen. They are talking “stimulus packages” again — now THAT is a stimulus package I can be excited about!!!!

  2. Greg P says:

    Beth, have you picked a VP running mate yet?

    I might just write you in for President.

    Oh, wait ………… You’re probably MUCH to young to be president. You have to be at least 35.

  3. Bethanne says:

    I dont know about being too young, but I am still shopping for a running mate — but feel free to write me in………;-)

  4. Ade says:

    My thoughts

    In an age of Global Crises, Economic Recession, Moral Depression and Human confusion. We don’t need another Man-made Bailout But what we need rather is a Bailout from the one who Made-man Thanks

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