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Bailoutistan


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#1 Rowdy Yates

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Posted 25 September 2008 - 08:48 AM

Iím against the $85,000,000,000.00 bailout of AIG.



Instead, Iím in favor of giving $85,000,000,000 to America in

a We Deserve It Dividend.



To make the math simple, letís assume there are 200,000,000

b onafide 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 billon that equals $425,000.00.



My plan is to give $425,000 to every person 18+ as a

We Deserve It Dividend.

0A



Of course, it would NOT be tax free.

So letís 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 Ė housing crisis solved.

Repay college loans Ė what a great boost to new grads

Put away money for college Ė itíll be there

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

Buy a new car Ė create jobs

Invest in the market Ė capital drives growth

Pay for your parentís medical insurance Ė health care improves

Enable Deadbeat Dads to come clean Ė 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 íre going to re-distribute wealth letís really do it...instead of trickling out

a puny $1000.00 ( ďvote buyĒ ) economic incentive that is being proposed by one of our candidates for President.



If weíre going to do an $85 billion bailout, letís bail out every adult U S Citizen 18+!



As for AIG Ė 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.



Hereís my rationale. We deserve it and AIG doesnít.



Sure itís a crazy idea that can ďnever work.Ē



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 of the Republic
"Keep the sun forever at your back, the wind forever in your face, and may forever God bless you out there on the trail."

#2 Leo

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Posted 26 September 2008 - 08:36 AM

Makes good mathematical sense but zero economic sense.

In short this would crush the value of the dollar.

A similar thing happened in Alaska during the gold rush days. The average income of the miners was so high the price for a cup of coffee was $50! An artificial increase in wealth accross this country would do exactly the same thing to our inflation.
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#3 Rowdy Yates

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Posted 26 September 2008 - 09:24 AM

I was thinking basically the same thing when I first read this and made the comparison we all hit the lottery at the same time. The money from the lottery came from the players. Devalues the dollar is right. Like paying yourself in one sense with your own money, the money really comes from the tax payers. Sure made for some out of the box mind twisting approach. :shifty:
"Keep the sun forever at your back, the wind forever in your face, and may forever God bless you out there on the trail."

#4 silvertip-co

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Posted 26 September 2008 - 04:16 PM

I second the motion. No bailout, let em failout.

And apparently so do "House" Republicans and Dems. It's about time the House spoke for the People they represent. The House Dem leader said on tv this morn that his email and fone calls from constituents was 25% NO to the bailout and 75% heck NO.

Having two Senators run for Pres makes me real nervous as, as the Senate does not represent the We the People. The Senate represents the "State of ___________, INCorporated" and does not speak for the We the People at all. Never did, never will. It represents the "State".

So dont waste time emailing or calling your Senators. They aint for us'ns. Get the "House of Rep" on the fone if you want to be heard.

So I guess now we wait to see if the Israelis on Wall Street get to wallow in their own mi$deed$ or whether We the Sheeple bail them out.

Pray for U.S.

Edited by silvertip-co, 26 September 2008 - 04:18 PM.

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